How to Lessen Risks in Life and Business
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What if the biggest risks in your business aren't the bold moves, but the small habits you never question?
In this solo episode of Rich and Remote, Karla Singson Booth talks about the risks she has taken: a career as a competitive poker player, moving to a new country with barely any friends (twice), and starting her first business in an industry she knew nothing about.
After running businesses since 2009, Karla has learned that taking risks and being reckless are two very different things. In this episode, she shares the habits and principles she relies on to lower the odds of failure in business and in life.
Some are simple. Some are uncomfortable. One involves a treadmill and reality TV. And a few of them apply as much to finding the right partner as they do to finding the right clients.
In this episode:
- The step many businesses skip, even after five or 10 years in operation
- What dating has in common with understanding your target market
- The "shortcut" Karla always takes, and why it isn't what you think
- How her competitive debate training changed the way she handles conflict at work and at home
- Why your defaults may be shaping your results more than your motivation
If you've been playing it safe because you're afraid of getting it wrong, this episode offers a smarter way to take the leap.
Listen to Rich and Remote
- Website: https://richandremote.com/
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- Apple Podcasts: https://podcasts.apple.com/us/podcast/rich-and-remote-with-alex-and-karla-booth/id1879811727
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Chapters- (00:00:00) - Intro and welcome to Rich and Remote
- (00:01:19) - Travel update and episode intro
- (00:02:19) - Life transitions, pandemic, and risk-taking journey
- (00:05:43) - Episode preview and support the podcast
- (00:07:39) - Sponsor: Hire an AI VA playbook
- (00:09:09) - Poker, risk-taking background, and business history
- (00:10:24) - Tip 1: Do market research
- (00:13:04) - Applying market research to finding a partner
- (00:15:20) - Tip 2: Crunch the numbers
- (00:18:56) - Being friends with numbers in business and health
- (00:20:24) - Tip 3: Surround yourself with successful people
- (00:21:57) - Tip 4: Be friendly and influential (Dale Carnegie)
- (00:23:57) - Tip 5: Take the shortcut - hire mentors and experts
- (00:28:03) - Tip 6: Argue from the other side
- (00:29:39) - Debate background and seeing both perspectives
- (00:32:15) - Applying devil's advocate to relationships
- (00:34:03) - Tip 7: Write goals daily and track diligently
- (00:36:45) - Tip 8: Manage your defaults
- (00:41:51) - Defaults in daily routines and sleep habits
- (00:43:12) - Recap of all tips and closing thoughts
- (00:45:16) - Outro and sponsor credits