209. DARE to Take Strategic Risks to Step into Next Level Growth

In this episode of Luminary Leadership Podcast, I introduce my "DARE" framework for strategic risk-taking in business. I highlight the significance of establishing clear economic goals, weighing the risks and potential benefits, and reacting with nimbleness to foster growth and innovation. Drawing from my own journey as an entrepreneur with over a decade of experience, I underline the importance of assessing results and advocate for nurturing an environment that embraces risk and innovation.Episode Outline: Taking Strategic Risks (00:01:03) The DARE Framework (00:04:14) Defining Economic Objectives (00:05:18) Assessing Risks and Upsides (00:07:18) Responding with Agility (00:10:03) Risk Mitigation Strategies (00:24:34) Evaluating Outcomes (00:25:33) Fostering a Culture of Risk and Innovation (00:27:36) Resources from this episode:Your Breakthrough YearEpisode 208 Your Big Leap Year on AppleEpisode 208 Your Big Leap Year on SpotifyEpisode 180 How to Make Failure Profitable on AppleEpisode 180 How to Make Failure Profitable on SpotifyThe Morning ChecklistThe Incubator: A Mastermind For Visionaries & Their Right HandShow notes: https://luminaryleadershipco.com/episode209Connect with me:Website: https://luminaryleadershipco.com/If there's a topic, a question or a guest you want to hear on the show or an idea you have for us, just reach out and share that at [email protected]. We'd love to chat!Connect with me on Instagram!Loved this episode? Leave us a review and rating here!