EP. 5: Navigating Risk Through Landmines & Goldmines w/ Alexander Concepcion

2023-02-14

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Risks are uncertainties that threaten survival. We face them all throughout life and understanding the various types of risk is key to survival and thriving. In this episode, I'm joined by Alexander Concepcion, Founder of Taco Street Locating, Writer at Landmines & Goldmines. We delve into all things risk in business ranging from Product Market Fit Risk to Competitive Risk to Operations Risk. I enjoyed the newfound perspective on being a solopreneur and understanding that identifying risk in various parts of my business is a sure-fire way ...

Risks are uncertainties that threaten survival. We face them all throughout life and understanding the various types of risk is key to survival and thriving.

In this episode, I'm joined by Alexander Concepcion, Founder of Taco Street Locating, Writer at Landmines & Goldmines. We delve into all things risk in business ranging from Product Market Fit Risk to Competitive Risk to Operations Risk.

I enjoyed the newfound perspective on being a solopreneur and understanding that identifying risk in various parts of my business is a sure-fire way to grow in the appropriate way whether through scaling or pivoting into other models of the same business.

Timestamps

(01:00) Risk is an inverse of an opportunity

(04:40) What does survival mean?

(8:20) There are two types of Business People: Product People and Market People

(12:00) What type of risk am I taking on with my podcasting business

(14:23) What risks Alexander is taking by writing his book

(16:00) The benefit of doing something vs the cost of not doing anything

(18:00) Managing financial risk vs soul risk

(24:00) The new risk that Alexander is taking on in 2023

(28:00) Is competitive risk even real?

(30:00) What's the difference between competitive and replacement risk?

(32:00) Why serious creators should not be afraid of AI taking any jobs away