The Second Bounce of the Ball: Turning Risk into Opportunity is a non-fiction book about entrepreneurship, written by Sir Ronald Cohen and first published in 2007 by Weidenfeld & Nicolson, London.

The book discusses what it takes to become a successful entrepreneur, and contains biographical anecdotes from the author and the company he founded, Apax Partners.

The book's title comes from Cohen's incorrect belief that the second bounce of a ball is difficult to predict.

Robert Lenzner, editor of Forbes magazine, refers to Cohen as a modern-day version of Georges Doriot, one of the first American venture capitalists.

In his review, he highlights the biographical aspect of the book, saying that it "is at bottom about how Cohen progressed from boutique investment banker earning fees on each transaction to the risky business of financing start-up companies, and from there to the more solidly rewarding buyout or private equity business.