Your Hidden Potential

  • Follow Us!
  • About YHP
  • Advertise
  • Contact us
  • Be Inspired
  • Entrepreneurship
    • Featured stories
    • Key Topics
  • Interviews
    • Education
    • Entertainments & Art
    • Fashion
    • Management
    • Media
    • Mobile
    • Social Enterprise
    • Sports
    • Technology
    • Video Interview
  • Profiles
    • Companies
    • Entrepreneurs
    • Female Entrepreneur
    • Student
    • Young Entrepreneurs
  • Startups
    • Advice
    • Bootstrapped
    • Culture
    • Finance
    • Resources
  • Startup of the Week
  • Submit Your Startup
share this article
Share
Tweet

Being an entrepreneur means you have to take risks

Entrepreneurship - Posted: February 13, 2011

Risk

How does an investor know whether to invest in your idea? One of the first questions asked by an investor is 'How much of your money (including family and friends) have you invested in the business already?' Because if you are not willing to invest in your business, nor will they!

Being an entrepreneur means you will be a risk taker. To be a good entrepreneur, you need to be able to effectively manage risk. Business Insider looks at some points that will help entrepreneurs on their way to success.

Find your passion. Entrepreneurs, like Olympians, tend to put a competitive spin on anything they find a passion for, and once they are snagged, they have to win. This passion, while it is your soft inside, is probably the single most important factor in achieving business success.

Get committed. No one truly understands how much they can accomplish until they develop their hard shell of commitment to a goal you really want. The commitment has to not be one day, or someday, but today. Nothing good comes without hard work. In business, that means first put it in writing with a business plan.

Take some risks. Be willing to stick your neck out. The best entrepreneurs always believe their start ups will thrive despite the odds. Don’t worry if you feel some fear. Fear is a natural emotion, and fears can actually help us to be alert. Especially, you must not fear failure. People learn more from failure than from success.

Find more tips here.

share this article
Share
Tweet
Rishi Chowdhury

Co founder of YHP, founder of IncuBus Ventures, online marketing consultant & host of one of London's top entrepreneurial events (Flagons Den). Regularly found networking around Tech City, convincing myself I'm working. Working for the future, living for the moment.

  • Follow Rishi Chowdhury on Twitter
  • Connect with Rishi Chowdhury on LinkedIn
  • Follow Rishi Chowdhury on Google+

Related Posts

  • 7 Ways To Use a Docker Registry in Your Cloud-native Workflow7 Ways To Use a Docker Registry in Your Cloud-native Workflow If you’re using containers in your workflow, then you need a Docker registry. A […]
  • Follow Us!
  • About YHP
  • Advertise
  • Contact us

Copyright © 2020 YHP. All rights reserved.