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February 04, 2005
Risky Business
Dr. Cornwall has a post about a new dissertation about entrepreneurs and risk. I'd agree that the entrepreneurs I've know are prudent risk takers. Actually, I'd like to think of myself as pretty risk averse even though I've started my own company and have no guaranteed income longer than my current contracts. I do enjoy the "eat what you kill" mentality of working instead of just having a paycheck handed to me every month regardless of my performance that month. But I don't think that makes me a risky person. I suppose that's where the "over" confidence in my abilities come in. I don't worry that I'll be able to land another contract or come up with a new idea for a new software product after my current batch of contracts and ideas run their courses.
The only real way to get ahead and be successful (whatever your definition of that is doesn't really matter) is to take a look at the world and see what everyone else thinks is risky but you realize isn't. Then do just do it. If everyone knows something isn't risky then someone else will have surely done it already and there's no opportunity there. If everyone including yourself thinks its risky and you do it anyway then there really was no opportunity there in the first place.
http://forum.belmont.edu/cornwall/archives/002123.html
Posted by mikel at February 4, 2005 01:18 PM
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