Asymmetrical risk is the concept of taking a risk that will produce a return that far surpasses the risk taken. Limiting your downside, while unlocking a big upside. In this 2-part episode we talk all about the concept, how to unlock it in your business, and share a wide range of examples.
What you’ll learn
- The Story of the sheep seller – from the Richest Man in Babylon.
- What an “incomplete information” game is and how to evaluate your choices.
- The two biggest betting mediums of asymmetrical risk/reward, time and money.
- Lessons for e-commerce sellers.
- Examples of asymmetrical risk/reward: Gig Economy Auditions on sites like 99Designs and ACX.
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