Some good entrepreneurial quotes and advice over on Techzi the other day. Worth a quick look, particularly the quote from Michael Cheney about the Double it, Halve it tactic.
Making money in business can be all about risk, the thing is a calculated risk is more likely to pay off than just a risk.
Don’t expect to win money on the horses if you’ve never been racing before and know nothing about the sport. With this attitude if you win it will be all about luck and nothing else. But if you know about the horse, its successes, its failures, where it won, how it won, the favoured ground, the skill of the jockey, the weight of the jockey, the competition etc. you’ll have much more chance of making a bob or two.
Remember though kids – betting is for losers!
Think before you dip your toe in the water.