I prefer a more adventurous company, but there has to be a balance.
One company I worked for took some risks on moving to a whole new industry. I was one of the first employees in a new department that ended up absorbing the whole rest of the company. Massive, incredible growth for three years, then it began to steady up and growth was slower for the next two years.
Several risks were taken early on, and some skilled management was needed to quickly determine which ones were panning out vs which ones needed to be dropped.
Then, finally, in the last two years of the company, a major risk was taken, and when it consistently generated a negative ROI, the owners of the company just kept throwing resources at it for pretty much insane reasons. The company ended up out of business.
The first years were a great example of risk with judgement, and worked beautifully. Went from about $1-million per year to over $12-million per year in three years. But they got sloppy, stopped paying attention to important details, etc., and the company died from it.
Risk properly managed is a good thing. Was very fun for those years, and pay just kept getting better and better. Risk with obsession, not so good.
- Gus "GSquared", RSVP, OODA, MAP, NMVP, FAQ, SAT, SQL, DNA, RNA, UOI, IOU, AM, PM, AD, BC, BCE, USA, UN, CF, ROFL, LOL, ETC
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