Episode 703: “How Do You Balance Risk and Innovation?”

Today’s episode was recorded during the Leaders Retreat for our top earners at the Sunset Del Mar Resort in Costa Rica.  Diamond Consultants Al and Carol Monteiro want to know how to balance risk and innovation.

I talk about how there are always risks when you are in business. Sometimes you get it wrong and sometimes you get it right and you end up a leader in your industry.

When you approach a new idea that you want to implement, first look at the impact it will have on your budget and consider sending it through a test phase to see how it will do.

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