Meaning of the word "no guts, no glory" in English

What does "no guts, no glory" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

no guts, no glory

US /noʊ ɡʌts noʊ ˈɡlɔːr.i/
UK /nəʊ ɡʌts nəʊ ˈɡlɔː.ri/
"no guts, no glory" picture

Idiom

success or fame cannot be achieved without taking risks or showing courage

Example:
I know the investment is risky, but no guts, no glory.
He decided to quit his job and start his own business; no guts, no glory, after all.