Growth Framework: De-risking Insurance Venturing Many businesses would like to mitigate the risks of their decision. They prefer to begin by partnering with a few smaller companies, or investing in or building one venture at a time. Only then will they start looking for opportunities once the initial project is sucessful. This is a path to failure. Only one The three ingriedients include: in 10 ventures will be sucessful, and 1. Investment in ventures able only a further two in 10 will deliver to build winning propositions, expected returns. So the stats show shape business models and that your first venture has a 70% then partner with other market chance of failure. players that appreciate the value A successful diversified portfolio of collaboration to enter new approach requires three ingridients. markets. The business partner mis partner with 2. They consistently consider a and invest in multiple ventures, seek diversified portfolio of investment to build winning offers and business deals that offer the proper models, and then consistently balance between risks and consider a balanced and diversified returns. portfolio of investment deals that offers the proper balance of risks and 3. They may further engage in returns. venture-building projects able to yield significant long-term returns. 40