What You Absolutely Need to Know About Taking Risks as a Music EntrepreneurAs you can probably imagine, my work takes me to a variety of different parts of the web; places I might not choose to go otherwise.

However, I must say that what I’ve learned (and what I’ve been learning) has been hugely valuable.

Yesterday, as I was writing an article about taking risks, I happened upon this article by Richard Branson, in which he recounts a formative story from his early life. Learning to swim earned him more money than he had ever made before as a four-or-five-year-old! Of course, he had to risk his life to earn it. This is a hugely valuable lesson.

The reality of entrepreneurship is that we have to take risks, even when things don’t look like they are going to work out. It’s altogether too easy to remain in your comfort zone, never doing anything new. The main problem with this is that you end up getting the same results you’ve always gotten.

If life has lost its luster and you don’t seem to be progressing, you have to ask yourself if you are taking enough risks.

I’ve talked about the fact that failure is the companion of success many times before; both on the blog as well as the podcast. Taking risks is another way to say the same thing.

If there’s risk involved, it means that there are no guarantees. You could win, and you could lose. However, if you have to risk it to win it, then you can expect the rewards to be greater too.

Risk can lead to innovation, breakthroughs, and new ways of thinking. It doesn’t always turn out that way, but what you learn in the process can always be leveraged in future situations.

You may be wondering what risks I am taking right now. I plan to submit an article to Entrepreneur before the year is out. I’ve never written anything for them before, nor do I have an amazing track record as an entrepreneur (I’m on the journey of failing more so I can one day succeed), but the thought of rejection scares me a little, and that tells me it’s something I need to do.

Have you been inspired to take a risk you’ve never taken before? Choose a single action you intend to take, and make plans to do it as soon as possible. Then let me know what you’ve decided to do in the comments below!

Author: David Andrew Wiebe

David Andrew Wiebe has built an extensive career in songwriting, live performance, recording, session playing, production work, investing, and music instruction. In addition to helping musicians unlock their full potential, he also continues to maintain a touring schedule with multiple bands.

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