Taking risks is inherent to the idea of innovation, but it’s quite often the last thing well established businesses, governments, and even small start-ups want to do. But particularly when businesses are well established, they often forget that an individual or a group willing to take the risk was most likely the spark that began their organisation. Not to mention, those individuals and groups that started the organisation had to continue to take risks.
Recognising what risks to take can often be a challenge, but one of the best ways to analyse that risk is by looking at the factor of time. Identifying when the best time is for you to take a risk makes taking that risk much easier, and that’s what Jaylen Bledsoe’s example teaches us.
Starting his tech company at 12, Bledsoe believed that being a minor shouldn’t hold him back from getting his feet wet in the business and technology world. With the support of mentors and parents, Bledsoe Technologies has grown into a multi-million dollar enterprise with over 150 contracted employees meeting the web design and IT service demand. It’s now worth $3.5 million.
Though currently only 14 years old, Bledsoe plans on continuing to expand Bledsoe Technologies while eventually attending Harvard University to major in Business Administration and Computer Science. His company currently offers everything from online marketing campaigns, to e-commerce solutions, to search marketing, to corporate branding, to business and technology consulting. Profits continue to grow as the company expands.
While Jaylen Bledsoe is an exceptional example, the lesson that he’s learned and the message he wants to give to entrepreneurs is to take risks, especially because of his youthful position. While some companies may look at that example and assume they’ve missed their shot at taking a risk, the truth is that recognising an ideal time isn’t just about being a younger company, it’s instead about finding the right moment. Your company has to be in it’s early stages in order for you to take those risks – just that finding the best time to take that risk, perhaps earlier in the year, may help make taking risks a more likely path you will travel. And it at the very least gets the innovative conversation started.
We’re aware that all entrepreneurs take risks. Bledsoe’s example is exceptional because of his talent and because of his bravery, something that every company can likely find within them. If you’re working within a risk-adverse company, you can try tackling it by finding the right time to take a chance.
image credit: jaylen bledsoe facebook
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