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What does "Skin in the game" mean?
Having a personal stake or investment in a situation, often implying that one is more committed to the outcome because they have something to lose.
When do you use "Skin in the game"?
This phrase is appropriate when discussing situations involving investment, risk, commitment, or accountability, particularly in business, finance, or personal endeavors.
"Skin in the game" Usage Examples
- If you're going to lead this project, you need to have some skin in the game to show your commitment.
- The investors were more confident in the startup because the founders had significant skin in the game.
- When it comes to making decisions about the company's future, we need everyone to have skin in the game.
- He argued that without skin in the game, it’s easy for people to make reckless decisions.
- In sports, players with skin in the game are more likely to perform at their best.
"Skin in the game" Explained
The phrase 'skin in the game' is believed to have originated in the world of finance and investment, where investors are more likely to act responsibly and make better decisions if they have their own money at risk. The expression suggests that personal involvement or risk enhances accountability and commitment.