Set fire to your backup plan

“Shark Tank” investor Matt Higgins has a lot of experience with risk taking. He transformed himself from a poor high school dropout to a wealthy businessman by eliminating his Plan B and not giving himself the option to lose. Our latest Instaread explores his most useful strategies and tips.

Feel the Fear

The secret to success is never having second thoughts. Higgins says that great things never happen when you work halfheartedly. Research has shown that developing a backup plan makes it less likely that your main aim will be accomplished. You’ll end up devoting too much emotional energy to preparing for the worst rather than working towards success.

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