Take risks
Big risk, big reward. If you’re going to be successful in business, there are going to be times you need to take calculated risks. Whether it has to do with personnel, products, competitors… it’s inevitable. Steve Jobs even showed he was willing to cannibalize his own company’s products in the name of progress. Many CEOs would have been hesitant to develop the iPhone, knowing full well that it would help to make the iPod obsolete – but Jobs did it anyway. That is one part of what has made the iPhone one of the most successful products in history.