Risk
Get flash to fully experience Pearltrees
Seth's Blog: Rightsizing your passion
Excitement about goals is often diminished by our fear of failure or the drudgery of work. If you’re short on passion, it might be because your goals are too small or the fear is too big. Do a job for a long time and achieve what you set out to achieve, and suddenly, the dream job becomes a trudge instead. The job hasn't changed--your dreams have. Mostly, though, it's about our fear.
Fucking Sue Me - a blog by pud
So, It was 1998 and the dot-com boom was in full effect. I was making websites as a 22 year old freelance programmer in NYC. I charged my first client $1,400. My second client paid $5,400. The next paid $24,000.I always think one of the chief objective of an entrepreneur is to mitigate risks while keeping rewards high. In other words, part of their job is to make a deal good. I could get inventive and cook up ways in which risk mitigation could be accomplished, but I rather show you what has worked in the past for numerous entrepreneurs. Without further ado here is my list of risk mitigating strategies by entrepreneurs: 1. Pre-Orders - The basic strategy is to sell your product before it has finished or even began building.
Examples of Entrepreneurs Mitigating Risk - Chester's posterous
Les capitaux risqueurs aiment le risque les entrepreneurs aiment l’incertitude… A première lecture, vous pourriez dire que je joue sur les mots… Et bien non, il s’agit d’une nuance voire d’une différence FONDAMENTALE pour comprendre les entrepreneurs! En effet, et toute personne sensibilisée aux probabilités vous le dira : l’'incertitude et le risque recouvrent tous deux la possibilité d’évènements dommageables dans une situation donnée (relativement à celle d'évènements plus favorables ressortant de la même situation) MAIS, le risque est mesurable alors que l’incertitude ne l’est pas ! Autrement dit, on peut parler de risque lorsqu’on peut estimer la probabilité qu’un évènement dommageable survienne et son niveau de gravité. Les probabilités sont généralement tirées de statistiques empiriques indiquant la distribution (fréquence) d'évènements passés ou liés à des règles fixes.
Les entrepreneurs ne se contentent pas d'aimer le risque : ils acceptent l'incertitude !
To raise or not to raise – stu.mp
If you follow startups at all, you’ll likely notice that there are precisely two camps when it comes to raising venture funding of any sort: those who trumpet each new round as if the company won the Super Bowl and those who believe bootstrapping is the only legitimate way to build a business. There are, of course, merits to both camps’ arguments, but, as with all things, reality tends to live somewhere in the middle. There are dozens of reasons why raising money could be a good idea and dozens of reasons why raising money might not be a good idea. Whether or not to raise funding is an extremely complicated question with dozens of angles, numerous points of data, and, in the end, gut instinct and your emotions.
Being a risk taker in business is not the same as being reckless. Nevertheless, the word “risk” has a negative connotation to most of us, implying danger and possible loss. For true entrepreneurs , risk is viewed as a positive, with its implied challenge to overcome the unknown and hitting the big return.
10 Smart Ways Successful Entrepreneurs Take Risks
You have probably heard plenty of times that being an entrepreneur is a risky business, and investors talk all the time about reducing the risk. Yet everyone seems to have their own view of key risk sources for startups, and I’m no exception. I don’t agree, for example, that the first priority is to avoid startups with a high attrition rate, like trendy restaurants and entertainment. Here is my own priority list of key risk sources that every entrepreneur and every investor should evaluate and minimize in starting a business:
Ten Risks Every Entrepreneur Faces
Managing Risk is the Essence of an Entrepreneur
Willingness to take a risk is the hallmark of a serious entrepreneur. That’s why one of the first questions that potential investors ask is “How much of your own money, and friends and family, have you put into the new business?” If you won’t risk yours, you won’t get investors to risk theirs.Too Young to Know It Can’t be Done
Ask people what makes entrepreneurs successful and you’ll hear a familiar list of adjectives; agile, tenacious, resilient, opportunistic, etc. I was just rereading Jessica Livingston’s book Founders at Work , and a common thread through the stories reminded me that there is a type of technology innovation that occurs in startups when a founder/team simply doesn’t know what they’re attempting is impossible. Steve Wozniak at Apple building the Apple II floppy disk controller without ever seeing one. The original Fairchild Semiconductor team of Moore and Hoerni racing to build the first silicon diffused PNP and NPN transistors and ending up with Planar transistors and integrated circuits . The list of “I just did it without knowing it was impossible” appears time and again as a common thread in stories about technology innovation. I got to see this first hand, when I was lucky enough to be present as an incredibly small team designed and built the Zilog and MIPS microprocessors.