Business Quote by Marc Randolph
“Risk taking in business is one thing. Risk taking in your personal safety is a different thing.”
About This Quote
Source Speech: Interview on entrepreneurship, 2005
Business risks differ from personal safety risks; one is calculated for profit, the other concerns health and life.
In simple terms: Business risk is strategic; personal safety risk is protective.
Key Takeaway
Separate profit motives from personal safety.
Themes
risk management
personal safety
decision making
Mood
cautious
reflective
Type
advisory
philosophical
When to use this quote
- starting a startup
- investing
- traveling
- extreme sports
Key Concepts
Opportunity cost
risk assessment
ethical boundaries
Questions to Reflect On
- How do you balance profit goals with personal safety?
- When is a risk worth taking?
A Different Perspective
Personal safety risks cannot be ignored for profit.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)