Sure entrepreneurs take on the probabilities of failure, but they don’t necessarily like to gamble, but rather they take calculated risks. They find ways to minimize the odds of loss, stacking the deck in their favor.
Entrepreneurs have a different mindset that the average person who, views starting a business as to risky. Entrepreneurs have the confidence in themselves though their knowledge or their relationships to overcome the obstacles that could cause great loss.
“Risk comes from not knowing what you are doing”. – Warren Buffett
George Bernard Shaw said.”People are always blaming circumstances for what they are. I don’t believe in circumstances. The people who get ahead in this world are the people whos get up and look for the circumstances they want, and if they can’t find them, make them.”
If the great Recession has taught us anything it is that being an entrepreneur may not be as big a risk as not being one.
- What people thought was safe, before the Great Recession turns out to be not as safe as people had thought.
- College doesn’t guarantee a person a high paying job in their field of study once the graduate.
- Having a great paying corporate job one day doesn’t guarantee you will have it tomorrow.
- Putting money into a 401k plan doesn’t mean you will have more money in the bank than when you started to plan.
If the world continues on this path of economic decline, as many project it will, taking calculated risks pursuing your dream of becoming an entrepreneur, will actually be less risky than pursuing a job.