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>>Erik: How do you open, whether you`re in politics or business, open minds to accepting
the potential risks?
>>Mike: I have two great business partners, one of which who kind of calculates all the
risks and makes sure we`re not being too risky, but my job is to always push the envelope.
And when we fail we have to write it off, continue to grow. Because as a business that
should be it, it should be innovation, it should be something new, you should always
be trying to push the envelope. And when you do not achieve you goal, because you never
fail or screw up, when you do not achieve the goal that you`ve set and it`s a failure
for whatever purposes, you have to evaluate it and hopefully make it be a learning experience.
However, in government that`s completely different. Failure can`t happen in government. You know,
they always say, `Why don`t run government as a business?` Well, because businesses fail.
They go out of business. That can`t happen for a government. When a city goes bankrupt,
it is absolutely crippling to all the people there. So there`s a lot more red tape, there`s
a lot more stopping you from doing risks. So, you`re much more limited in what you can
do. The only risky things you can do in government is spend less, not spend more. So there was
a different perception I think that`s one of the reasons why I maybe left politics early
at a young age, was because you couldn`t take as much risk. I can take a lot more risks
in the private sector and see a lot more reward that I could in the public sector. So, when
I`m young and when I`m idealistic and full of passion I`m going to take as much risk
as I can in the business sector, see if that`s pans out for a positive thing and maybe go
back in the public sector where it`s less risky.