SKIN IN THE GAME

By Vernalee

You do not want to win an argument. You want to win!

"To have "skin in the game" is to have incurred risk (monetary or otherwise) by being involved in achieving a goal. Skin in the game is a phrase made popular by renowned investor Warren Buffett referring to a situation in which owners use their own money to buy stock in the company they are running.

When you have skin in the game, you enjoy the upsides of your actions as well as any downsides of the consequences emanating from those actions. Owning your business is the American dream. Although ownership has many upsides, it requires tremendous hard work. It is not as easy as it looks. So before you make that entrepreneurial dive, make sure that you are willing to do what's required to accomplish your goals - be it long hours, hard work, financial resources - and the whole ball of wax. Work diligently to minimize the risks. The rewards and benefits of ownership can be great. Remember, skin in the game extends to so many othet aspects of our lives. No doubt about it -

We get back what we put in!

Hard work, strength, endurance, etc are needed to succeed. A strong mental mindset can make the difference between success and failure!