Entrepreneurship and Risk

We often hear about entrepreneurs “taking risks.” Some even define the very act of entrepreneurship as risky. I’m sure you’ve heard it all before.

In some ways, this is quite true: an entrepreneur who cashes out a life savings or retirement account to fund a new startup is definitely moving away from security and towards risk. Even the budding entrepreneur who quits his day job to pursue a new idea for a home business is taking a risk.

But what does one risk by not taking advantage of a unique opportunity and staying in the same job?

And what about relying on someone else for income? Isn’t it “risky” to count on your employer for raises and greater opportunities?

I’m not about to take the hard line here and argue that entrepreneurship is actually “safer” than the traditional employee route. Nor am I going to suggest that 100% of people would be happier as entrepreneurs.

I am going to argue, much in line with Robert Kiyosaki, that entrepreneurship should be part of everyone’s life in at least some way. Will this require a little risk? Yes. But a little risk is healthy and will likely even contribute to a greater sense of self-esteem and personal mastery.

Even a little risk-taking could be of real value:

  • Take a little risk and start a website that requires only a few hours per week to maintain but slowly builds traffic and a nice supplementary income.
  • Take a little risk and sell your homemade crafts on eBay for a few extra bucks here and there.
  • Take a little risk and write that book you’ve always wanted to publish.
  • Take a little risk and learn more about the stock market to become a savvy investor.

Maybe your project will turn into something big. Maybe it won’t. Perhaps your work will inspire you onto something else that really works. Perhaps not.

One thing you can count on is a big change in yourself and how you look at the world.

The objective is not to become the next Donald Trump here. You’re simply trying something new and getting out of your comfort zone. It’s just a little risk and only a small move for big results!

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