Are Entrepreneurs Really More Comfortable With Risk?

Runum · Sep 29, 2012

Interesting read. Entrepreneurs not really more comfortable with risk, they just define risk differently than others.

Are Entrepreneurs Really More Comfortable with Risk? - Deborah Mills-Scofield - Harvard Business Review

PatrickP · Sep 29, 2012

Me personally I really do NOT like risk at all.

Although I do go to Vegas I do not bet. I want the deck stacked in my favor.

Actually I will say I have played black jack for approx 10 mins and did slot machines with the free tokens I received. My wife and I were at the airport ready to go back home after being in Vegas for a few days and we realized she had never gambled in her life so she put .50 in a slot machine in the airport lol

No she didn't win.

Same in business I guard my money like it is the last dollar I have. Perhaps I have missed out on some possible opportunities but I prefer to be just about 100% sure I will make money, or at least not lose it before I want to put money up.

1PercentStreet · Sep 29, 2012

I'm not comfortable with a lot of the risks. Like, all of a sudden, I'm moving to Denver within the next 2 weeks.

I don't think that's the best example but I think entrepreneurs see risks as opportunities.
It's the mentality of would I rather die trying or not truly done what I've could've.

johnp · Sep 29, 2012

I used to play semi-pro baccarat0 to support myself in college. I like risk, as long as I have a way to minimize the losses.

Brander · Sep 29, 2012

We hate uncontrolled risk, that's why we tend to not want to depend on others' (boss) whims for a livelihood.

socaldude · Sep 29, 2012

As an Entrepreneur you are betting that something will happen(Event A). You are betting that because you believe the current variables(whatever they are) will lead to Event A. Its all about taking smart, reasonable and calculated risks and eliminating ignorance as much as possible. It all comes down to trying to look around the corner as much as possible, to predict an outcome. The same theory goes in investments.

Layna · Sep 29, 2012

Interesting. It sounds partly like entrepreneurs need more control, which makes sense.

I've heard that entrepreneurs being risk takers is an outsider's spin - it's the story journalists and Hollywood likes to tell. I think in reality it's more day-traders who aren't risk adverse.

Pinnacle · Sep 29, 2012

Calculated risk is what I am comfortable with.

Lights · Sep 29, 2012

I am. But not risks that I haven't dwell on for a long time usually.

But I done spur of the moment things lol they turned out okay.

All mistakes are happy accidents

yourstruly · Oct 2, 2012

Interestingâ€¦ I don't know, I was looking through the web for define entrepreneurship and define.babson.edu came out. Babson college is a business school in Boston if you didn't know. It's a really cool site because people from all over the world put in their own definition of entrepreneurship and a lot of them talk about risk too. just thought u'd like to check it out because its pretty relevant.

joona · Oct 3, 2012

I think the linked article has a lot of truth in it. For me one of the drivers towards entrepreneurship is definitely control over what you will do and to which direction do you move. While working for others those things are pretty rare.

When it comes to handling risk myself... I am okay taking calculated risks once I know I have the bases covered. Because then you are playing with "extra" which can either result to more "extra" or then you'll get a valuable lesson for your investment. Either way, I see that as a situation where I win.

mohawkdcg · Oct 3, 2012

When you are in control it seems less risky than when someone else is driving. The entrepreneur is usually a leader, a visionary who can see the future clearly where others see impossible obstacles. Seeing exactly what they want the future event to be, they drive reality forward, overcoming each difficulty with intent driven action. A well chosen destination coupled with focused actions creating a new reality over time....it doesn't seem risky when you are driving it.

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Are Entrepreneurs Really More Comfortable With Risk?

Runum

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PatrickP

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1PercentStreet

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johnp

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Brander

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socaldude

Saturn Sedan and PT Cruiser enthusiast.

Layna

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Pinnacle

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Lights

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yourstruly

PARKED

joona

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mohawkdcg

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