EQ: What is the relationship between risk and entrepreneurship?
LEARNING TARGET I can create a list of advantages and disadvantages if risks. Complete SUCCESS CRITERIA I can identify characteristics of an entrepreneur Vertical Divider
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RISKY BUSINESS |
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RISK |
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EQ: What is the relationship between risk and entrepreneurship?
LEARNING TARGET
I can create a list of advantages and disadvantages if risks.
Complete
SUCCESS CRITERIA
I can identify characteristics of an entrepreneur
CORNELL NOTES
Vertical Divider
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Risk-taking is inherent in entrepreneurship.If you aren’t prepared to take risks, you have no business being an entrepreneur. Entrepreneurship is fundamentally linked to risk-taking. You’ll need to invest some of your personal capital into a growing business -- in most cases. You’ll stake your reputation on an unproven idea. You’ll sacrifice a steady paycheck for the first several months to a year -- again, in most cases.
And from there, every decision you make carries some small risk -- your new hire might leave in a month, your lead generation strategy might fail, your new approach might anger one of your best clients, and so on. Accepting risk as a part of the deal, and you need to be ready for that as you enter the entrepreneurial world. |
IDENTIFY 2 WAYS RISK CAN BE POSITIVE + 2 WAYS RISK CAN BE NEGATIVE TO ENTREPRENEUR.
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