• Skip to main content
  • Skip to footer

Dynasty Leadership Consulting

Helping new CEOs and Entrepreneurs turn their business into a dynasty

612-845-2076
  • About
    • Contact Us
    • Meet Todd Eberhardt
    • Testimonials
  • Solutions That Work
    • DynastyLC Catapult
    • Achieve 5x
    • Specialty Workshops
  • Podcasts
  • Contact Us
Home » Single Post » 005: Opportunity Cost – How do you manage risk?

005: Opportunity Cost – How do you manage risk?

October 4, 2016 by Todd E Leave a Comment

This week I talk with Gerry Brockman, who has worked with Wall Street M&A firms, a major airline a trucking company & even a tech startup. In each case his job was to help manage the Opportunity Cost of decisions with a big risk/reward factor.

Gerry will talk you through the steps you can follow to apply the same process to your business decisions. ​

(Click Dynasty Leadership Podcast in iTunes or Dynasty Leadership Podcast for Android to find the podcast and subscribe. You can also listen directly from your computer by clicking: Dynasty Leadership Podcast.)

[bctt tweet=””You need to understand your rewards relative to what kinds of risks you’re taking.”” username=”dynasty_leader”]

What were the takeaways?

[3:35] How to think about opportunity costs.

[5:15] What are the 4 levels of value creation? Gerry shares simple text-book definitions.

[7:55] How can small businesses evaluate risk?

[9:00] Let’s talk about the risk/reward concept.

[12:25] How do you apply these text-book concepts in real-life?

[18:15] Gerry shares an example of how to apply these 4 principles in a real life scenario.

[28:15] The 4 levels of value creation take a lot of the guess work out of important risk/reward situations.

[30:25] Why Gary believes making decisions from the gut is a bad idea.

[31:10] Use these 4 levels as a framework and work from there.

Below are the slides that Gerry talks through in our discussion of Opportunity Cost and Value Creation.

[foogallery id=”824″]

Filed Under: Leadership, Sales, Single Post Tagged With: Business Insight, Leadership, Management, Managing Risk, Opportunity Cost, Strategy

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

  • Home
  • About
  • Solutions That Work
  • Podcast
  • Testimonials
  • Contact Us

Copyright © 2023 · Dynasty Leadership Consulting - All Rights Reserved | Privacy Policy | Website by: SKOL Marketing