What is the difference between successful entrepreneurs and unsuccessful ones? It all starts from risk point! Successful entrepreneurs take calculated risk while others on the contrary take incalculably risk. Have a look on the two pics u may deduce something concerning risks.
Let me narrate a story about two guys who had equal capital and they wanted to engage themselves in gold trading business. One guy was an expat in gold business and the other guy had no experience in gold trading. One time a gold bullion deal was offered to them. They both offered to buy it. Although the gold bullion offered to them was genuine their level of risk was not equal. The guy with background in gold trading was taking much less risk(calculated risk) compare to the other entrepreneur was taking big risk.
Overtime because the level of risk in the guy with gold trading background is consistently lower the chances of success are much higher. Whereas, by the time the inexperienced entrepreneur gets experience, the capital would have find its way far from him and broke he would be.
Think and analyse your circumstance and chances. Research well on your stuff and idea. Start with a portion of your portfolio. Reduce your risks by leveraging(seek counsel of experienced). Dont be emotional, be reasonable.Be bold on your well engineered/thought strategies! Lastly, life is full of worthwhile things, enjoy and rejoice!
Regards,
Emmanuel Akyoo
you nailed it brother..
ReplyDeletethis material is worth reading though it is too short but it hit the point directly..
I find it very interesting too, i have a different view on risk. two persons may be doing same thing but assume different level of risk.
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