Bad at Taking Risks? 4 Tips to Be Bolder

by / ⠀Entrepreneurship / April 7, 2019

Fear is a company’s food: It comes in many flavors, but it must be swallowed for the business to live. The trouble is that many of us learn to be picky eaters from an early age. Although we’re curious about what happens when we put our hand on a hot stove, we don’t attempt it — we know we risk hurting ourselves. While our early risk aversion protects…

Why You Should Burn All Your Bridges and Never Have a Backup Plan

by / ⠀Entrepreneurship / July 18, 2014

What do you see when you look at a successful human? I see a determination, definiteness of purpose, and plan that most people are too afraid to ever create for themselves. Have you ever met anyone who achieved something important in life, something they would consider a dream, by dropping back to a plan B? It just doesn’t work that way. Backup plans are not for winners. A…

Are Women Entrepreneurs Risk Averse?

by / ⠀Entrepreneurship / March 10, 2014

  In a recent blog post Dr. Helen Smith raised a question about the differences between men and women in business. She asked, if women are more risk averse than men in business, will they be less successful? Now as a matter of full disclosure I must say that I have a great many women in my life who are entrepreneurs: my mother, who owned a successful real estate business; a…

Becoming an Entrepreneur Doesn’t Have to Mean Risking Everything

by / ⠀Entrepreneurship / February 3, 2014

  “No one has gone to school to be a CEO—you don’t learn this except by getting in there and figuring it out” ~Jerry Colonna (Venture Capitalist) I think there’s this notion that a certain set of characteristics determine what an entrepreneur is, that by some definition of the word, if you’re not crazy enough, stubborn enough, willing to put it all on the line – then you…

Start(up) After Answering These Three Questions on Risk

by / ⠀Entrepreneurship Startup Advice / September 29, 2013

Entrepreneurs are risk-takers, sacrificing everything to change the world. Let me know if this sounds familiar: A father of four risks his house and the livelihood of his wife and children in an effort to pursue his dream. After taking another mortgage on his house, his business flourishes and it all works out. But what happens when it doesn’t? Embracing risk is important; it’s part of being an…

Pump Up Your Risk-Tolerance Muscles

by / ⠀Startup Advice / February 19, 2013

I’m going to take a wild guess that the majority of you included “exercise more” as one of your New Year’s resolutions. I’m going to take another wild guess that many of you haven’t done the best at sticking with this goal (good for you if you have!). Either way, there’s one muscle group you might want to consider: your risk-tolerance muscles. Unless exercised regularly, these too could…

Starting a Business? Do You Know the Real Risk?

by / ⠀Startup Advice / September 23, 2010

Recently Jay Goltz, a blogger at The New York Times, published an article about the real numbers behind starting a business. He noted that many people who start businesses don’t do the full research behind what it will take to get going. According to him there are two major factors to look at when starting a company. One being the unknown challenges you will encounter and the other…

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