The Level Up Podcast w/ Paul Alex - Risk is Always Better than Regret

Episode Date: May 6, 2024

“Your Network is your NETWORTH!"Make sure to add me on all SOCIAL MEDIA PLATFORMS:Instagram: https://www.instagram.com/paulalex/Linkedin: www.linkedin.com/in/realpaulalexFacebook: https://www.facebook.com/RealPaulAlexYoutube: https://www.youtube.com/@OfficialPaulAlexLooking for a secondary source of income or want to become an entrepreneur?Check out one of my companies below to see if we can help you:www.ATMTogether.comwww.Merchantautomation.comFREE Copy of my book “Blue to Digital Gold - The New American Dream" www.officialPaulAlex.comLeave a review, like and share to help others and let’s level up together!Welcome to Episode 49, where we delve deep into the world of entrepreneurship and explore the pivotal role of risk-taking in achieving success. Our host, drawing from personal experiences and insights, offers a candid exploration of the fears and uncertainties that come with venturing into the unknown.In this episode, listeners are invited to confront the daunting prospect of embarking on their own entrepreneurial journey. Our host shares anecdotes from their transition from law enforcement to entrepreneurship, highlighting the inherent risks involved in stepping out of one's comfort zone.Throughout the discussion, the importance of embracing risk as a catalyst for growth and innovation is underscored. Listeners are encouraged to view risk-taking not as a barrier to success, but as a necessary component of the entrepreneurial process. Every successful entrepreneur, we learn, has confronted and overcome their fears to seize opportunities and achieve their goals.Moreover, the episode emphasizes the long-term impact of regret, urging listeners to consider the consequences of inaction. By reframing fear as a motivator rather than a deterrent, individuals can unlock their full potential and pursue their dreams with confidence.Practical advice is offered on navigating the complexities of risk, including the importance of calculated decision-making and the value of taking imperfect action. Ultimately, the message is clear: while the risk of entrepreneurship may be significant, the regret of never trying is far greater.As Episode 49 draws to a close, listeners are encouraged to confront their fears head-on and take decisive steps towards their entrepreneurial aspirations. With determination, resilience, and a willingness to embrace risk, anything is possible. So join us on this empowering journey of self-discovery and transformation, where the path to success begins with the courage to take that first leap.

Welcome to the Level Up Podcast. I'm your host, Paul Alex. I went from being a cop to an eight-figure entrepreneur that helps average people like you and me make money every single day. I created this podcast to help you get motivated and to crush your goals. Let's win together.

Remember, I have your six. Get ready to level up right now. Let's face it, embarking on your own entrepreneurial path is no small feat. It's all about venturing into the unknown where risk loom large, but so do opportunities. The thought itself can be scary, but remember, without taking risk, growth is impossible. And it goes in the same thing in life. When I wanted to be a detective back when I was the police, trust me, a lot of my coworkers, my supervisors, they didn't think I could do it.

But I was the youngest detective to make it happen. Think about it like this. When you choose to start your own business, you're already stepping out of your comfort zone. And trust me, I can relate. You're trading the security of a regular paycheck for the unpredictable yet potential rewarding world of business ownership. And that's powerful. Now, I know the fear of failure can be overwhelming. And most people, they don't like to lose, including me. But let me share something with you. Every successful entrepreneur you know has taken risk.

Every single one of them. That's not the only way that you can find out what works and what doesn't. It's not just about the financial risk. It's about putting your ideas, your vision, and yes, your ego on the line. Here's where it gets interesting. And listen up. Each risk presents a new learning opportunity. It's a chance to test your strategies, to refine your products or your offers, or even pivot your entire

business model based on real world feedback. I always tell people this, quit getting stuck on analysis paralysis. Just put it out there there Let people that don't know you Actually look at your ideas Your vision, your offer And then you're going to be able to tell Whether it's going to work or not Quit thinking you have to be perfect In order to execute a business idea

Alright, let's get to the good stuff Let's talk about regret Regret has a much longer shelf life than the immediate sting of a risk gone wrong. If you don't take the leap now, you might find yourself wondering what if years down the road. And guess what? It sucks when you're old and you see some 20 year old, some teenager being a multimillionaire and you're like, what am I doing with my life? Trust me, I've been there. And often that what if carriers a heavy weight than any failure you may encounter along the way in your life.

Look, take it from someone who's been there. When I shifted from my career in law enforcement into entrepreneurship, starting with just a single ATM business to merchant services, and then finally digital marketing, each step included risk. But the thought of looking back with regret for not trying was far more daunting than any potential failure that I could ever think of.

So look, if you're listening to this right now, this is for you. For all the aspiring people that are trying to be entrepreneurs, trying to start your own business, trying to start your own side hustle. You got to ask yourself this one question. What's holding me back? More often than not, it's not the risk itself, but it's the fear of dealing with possible outcomes. Embrace the fear because on the other side of fears lies your potential success. Look, begin with calculated risk. Assess the situation understand the worst case scenario

and prepare accordingly but once you've done your homework jump in whether it's launching a new product pitching it on an investor or even rewriting your business plan it takes time, guys. And trust me, no one's perfect. Take imperfect action. Taking action is what matters. So look, as I wrap up today's episode, remember, the risk of starting your own business is significant. Not everybody can do it, but the regret of never trying is even greater. Don't let the fear of failure prevent you from pursuing your dreams. Your family's counting on you. I'll catch you on the next one. Remember, I always have your six.

Make sure to share this episode with your family, friends, and anyone you care about. The world's already hard enough and we need to take care of each other. Make sure to share this episode on Instagram, Twitter, Facebook, and share it with the world. Do me a big favor and tag me, Paul Alex. Also, keep the five-star reviews on iTunes coming. This episode is going to help change the way the world thinks and will help everyone level up in their life. And lastly, if you want to continue to level up, learn more about business and life, then make sure to get a copy of my book, From Blue to Digital Gold, The New American Dream, on Amazon or at officialpaulalex.com.