Growing your business: mix risk and responsibility wisely

Rockets Founder and CEO Sean Barber is back in this podcast to further discuss business insights to growing a business.

The businessman describes return on investment as a rate of return that is highly affected by time — as the saying goes, “time is money”. He says if you are an entrepreneur who wants to make a certain percentage of returns annually, you should understand how much you need to first invest in the business and then calculate the length of time, in months or years, it will take for you to get your initially invested money back.

Experiencing failure does not dictate business failure, as long as the founder continues fighting, but being too thrilled by taking risks can lead to drastic mistakes. It also determines the period it will take to get your money back, once you invest in a certain company or inject cash into your own business.

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