The HOLY GRAIL of entrepreneurship

So every entrepreneur wants to know what’s the “HOLY GRAIL” of entrepreneurship and what is the single most important principle to be a successful entrepreneur?

The answer is simple but definitely not easy to master.??

Diversification, if you can get 5 to 10 good uncorrelated income streams passive or active you can reduce your risk by up to 80%. You can increase your return to risk ratio by a factor of 5.? Risk reduction is huge in entrepreneurship.??

Look for emerging markets, and areas where you can build consistent value.? Rinse and repeat.

If you can do that, you will significantly reduce the downside risk.??

The power of diversification is crucial in business and for any entrepreneur no matter the size.

History of the Holy Grail Link