There is this popular belief that entrepreneur are risk takers, while this is true, being en entrepreneur is not just about taking risk. The wrong type of risk by end up bringing down all you have worked hard for. While you take risk an entrepreneur, make sure they are well calculated and you understand what it is you are going into.
Being an entrepreneur is not just about taking risk
- Thread starter eldavis
- Start date
Of course yes my friend. The risk taking is one of the entrepreneurial virtues that the entrepreneurs are supposed to have. Some of the other basic features like innovative, good decision making skills among others.
I completely agree that taking risks is not the only way to succeed in business. In fact, it is important to approach risk-taking with caution and careful consideration. Not all risks are worth taking, especially if you do not have a backup plan. Some people may encourage you to take risks, but they may have the luxury of having a plan B or a financial safety net to fall back on if their business fails. It is important to weigh the potential advantages and implications of any risk before deciding whether or not to take it.
Entrepreneurship is very different from business..Business is mainly about profits, but Entrepreneurship is about innovation and making a difference in people's lives. Of course Entrepreneurs also want to make money but they do it very differently
Indeed, being an entrepreneur doesn't require only the willingness to take risk. An entrepreneur needs to be innovative and have good decision making skills. Have good business sense and knowledge in marketing are also essential.
Entrepreneurs don't take foolish risks. They take risks that are well thought out and calculated.
