The Myth of Entrepreneurial risk

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Everyone seems to have their own “Top 10 list of sustainable features” these days, and risk almost always makes the Top 3. But is this really true? Do not savvy entrepreneurs simply throw caution to the wind and fly in the face of danger when it comes to taking risks?

Let’s look at this “myth of entrepreneurial risk-taking” better.

As entrepreneurs, everything we do has both advantages and disadvantages. We often business and financial decisions on the level of risk. In fact, the determination of risk is key to running a business, they are good at it to be successful and those who are not all that good at measuring risk often fail. That’s what makes the world go around company.

Instead of taking risks, there is more to limit the risks.

Again, everything we do and entrepreneurs will have some degree of risk involved. The risk is just inherent. But that does not necessarily mean that taking risks is the secret to success. On the contrary, most entrepreneurs get where they want to be by limiting their influence to stop instead go blindly without regard to.

How risk is limited?

There are a countless number of strategies that managers and entrepreneurs used to limit risk factors, including (but not limited to) the following:

  • Performing exactly research and planning
  • sincerely testing, tracking, and analyzing the results of
  • Turning to education as a resource
  • Relying on statistical formulas
  • Maintaining appropriate levels of insurance
  • Using proven plan instead of trying to reinvent the wheel

And we should of course do not forget the most common method of limiting risks using old-fashioned good sense. There are thousands and thousands of real ways to limit the risks. They are not all necessarily easy to define, but the two kind of give us a good representation techniques that are used every day in business.

Discerning myth from the truth …

The idea that employers are taking a risk is just completely false. In fact, this is probably just the single biggest misconception about entrepreneurship it is. Business people who produce results time and time again really doing everything they can to get ahead in the game while taking on as little risk as quite possible.

Some just lucky, but not to be wildly successful entrepreneur to take risks. Ongoing trial and error, with the risk limiting factors we have discussed above, all the while, is how most entrepreneurs get from point A to point Z as they define the way their business objectives.

To take risks is foolish!

And to say otherwise is just irresponsible. Entrepreneurs have it hard enough funding is not always easy to come by; attractive business ideas and working models are just as difficult to source. Why do we want to spend the resources that we have worked so hard to realize and limit our chances in the second by taking unnecessary risks?

place, as entrepreneurs, we should always think first in terms of the exact plan before work and reduce exposure in every step of the way. Above all, we all need to remember that the concept be entrepreneurs take risks is just not reality.

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No Barriers: An Aging Population breathes new life into entrepreneurialism

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“Age is no barrier. It is a limitation you put on your mind.” – Anonymous

We’ve all seen the hamster running in a wheel. He is going nowhere, but he is fast. This concept is clearly understood by the workforce is aging and the business climate is outsourcing or looking to the younger generation to fill important roles in the workplace, but often demanding more from existing its employees ..

“Age wrinkles the body. Quitting wrinkles the soul. “- Douglas MacArthur

The Chrysalis Corporation notes that” Starting in 2012, nearly 10,000 Americans will turn 65 every day. ” The quality of health care has resulted in the population living and working longer. However, this population expresses a level of dissatisfaction with their current job.

Consider the following statistics regarding job satisfaction.

42% Coping with emotions burn

33% feeling at a dead end in the current job

21% looking for a new job in another company

20% Look for a major career change

9% feel they do not have adequate training knowledge for the job

(Source: New Employer / Employee Equation Survey, Harris Interactive 2005)

Interestingly, the these figures do not necessarily reflect workers who are indifferent to work they simply reflect a growing dissatisfaction with business as usual.

“I could not, at any age, be content to take my place in the corner by the fireside and simply look on.” – Eleanor Roosevelt

Many are discovering an entrepreneurial recipe that is giving them hope for a “different” future. The mixture I’m talking about includes the possibility to set your own hours, be your own boss and find something you’re passionate about.

There is phenomenal growth in business startups among those 50 years and older. Advances in technology and connectivity via the Internet are allowing an aging population to leave the workplace, doing something they love and restore their own destiny and, in many cases, identity.

“Dreams are renewable. No matter what our age or condition, there are still untapped possibilities within us and new beauty waiting to be born.” – Dale E. Turner

One of the selling points of Internet entrepreneurialism is there is no age bias. The consumer has only to be interested in the product and rarely even wonders who the business owner is.

As job cuts become more apparent through downsizing or outplacement it is likely aging entrepreneurs will agree with Aldous Huxley who said, “The secret of genius is to carry the spirit of the child into old age, which means never losing your enthusiasm.”

Many successful startups in the online market today find their roots in the hearts of aging corporate workers who are tired of the hamster wheel, are willing to bring their life experiences to the world of entrepreneurship and are seeing again more comprehensive job.

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Retirement is not an end, entrepreneurialism is

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Most working men and women over the age of 50 start thinking about retirement, and many start planning for it. They do their due diligence on the investment strategy, positioning itself well in their companies, review their estate planning, and so on. While each individual step in retirement planning among itself is sound advice, the key question to ask in this transitional phase in their lives is: “What is the goal?”

I would ask anyone planning to retire, including those already in retirement, what they’ll get out of it. Is it relaxation? It’s more golf? Is it travel more? Is it time to spend with family and friends? Is it a move to reduce stress? How about all of the above?

A lot of times, especially in this economic situation, the decision to retire was made for people by their employers. Many are forced to take early retirement as their businesses scale back their workforce to reduce costs. And high their salary requirements make it difficult to find gainful employment elsewhere, many people choose to retire or at least take a break until the economy bounces back.

Whatever the reason is common wisdom that the longer away from highly technical or executive work, the harder it is to perform this work at the same level. Not only is exercise reduced the fields themselves are always evolving, requiring improved education to return to that type of work. At this point, a year or two in retirement, people do not enjoy spending time and money on retirement education for work that may not be waiting for them.

The worst part of all this is the toll retirement takes on self-esteem. After only a few years of retirement, the thrill of travel and daily golf disappeared, and the feeling of self worth incomplete sets. And former executive, military officer, or technical supervisor who spent decades leading and teaching hundreds of people to give their best, to feel that they can no longer contribute to society can be devastating. Couple this with the kids tend to communicate less with their parents after they retire, and retirement will be much less desirable. In fact, it is precisely the feeling of accomplishment and worth to others, but a lot of people working well into their 80s, and no money.

What if there was a way to keep all the benefits of retirement while maintaining a strong and positive sense of self-worth? What if you can still travel, play golf, visit friends and family and do all the things you always dreamed of doing when you retire, while still being able to lead, mentor and coach others to success?

Well, it’s way, proven way, it is not retirement.

Retirement is not an end, entrepreneurialism is. The thrill of starting a home based business is refreshing. Prospects should be a source of leadership for many entrepreneurs is exciting. Benefits of profitability when properly developed and managed is astounding. A person planning to retire has not lost value in the community. On the contrary, so that companies, whether alternative or not, it is the best thing anyone over 50 can do. The goal in life, especially in America, is the transition from a “reward” system “profit” system. Profits system, or the holding company, is the only system that true wealth is generated, and true happiness is achieved.

But do not go running off and blow $ 500,000 on brick and mortar franchise! There are legitimate companies that build the Internet that has absolutely nothing to do with multi-level marketing, pyramid schemes, or affiliate programs selling lotions, potions and pills. Do your due diligence as you normally would to something important (like the decision to retire), and you will soon find your business online that you can run from home for a few hours per week to use existing skills and allows you to become leader and mentor to hundreds if not thousands of people.

would never “tested” business online. Create a list of questions and make sure they are all answered to your satisfaction. So when you are involved in business, work it like a business and not a hobby. You understand this principle better than most, but it does not hurt to reiterate it here. Look for a company that does not require Internet skill up front, and provides an incredible amount of training. Make sure that you fully understand the compensation package and that it lines up with your personal needs. Make sure you sign up online business model that allows you to personally brand yourself as a leader so that people are driven to you as a mentor and not a company that product.

Retirement is not the goal. Retirement restricts your ability to positively affect the lives of others. Are simple yet perfectly principled Internet business where you are the essence is the key to getting all the benefits of retirement, with the added advantage of residual income and a source of true happiness for you and your family.

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Entrepreneurialism – How to Get Your Start Up Capital Without the money borrowed from the bank

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Most start-up entrepreneurs always complain about the start-up capital but all you have to do is be creative in your approach and seek creative ways that you can start your business, which are as follows

immediate family

The fist place to consider is your immediate family. Parents are rich or you have brothers or sisters who could give you a start-up capital, what about your aunt and uncle you must first consider the family before other sources because the answer might just be in front of you

Savings

saving the actual money that you have held for a particular purpose. You should ask yourself whether your savings will be enough to start a venture.

Friends

Another way to get start-up capital for your business is through a friend or relation. Make a list of all your friends and friends determine who will be able to give you money from the list and fix on your decision.

Partnership

Another way to get money for your business is a partnership. you have an idea but no money, but you know someone who has the resources or capital then all you have to do is to go into partnership with such a person and sign a memorandum of understanding between the two of you.

provide services

You can also provide services that you know people need and charge for it. the idea is that the money you make from your service to others can later use to start your business.

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Is entrepreneurialism Genetic?

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Do the genes that make up the person you are today contain the information needed to become an entrepreneur? Are we pre-coded from birth to inherit this money making qualities of our parents or it is all to do with how we are raised and educated?

Entrepreneurs create wealth and jobs. Because of these two facts, they are considered an essential part of a region or countries economy. Without entrepreneurs we would live in a very different world. Governments, schools, universities and business groups are constantly on the look out for ways to turn entrepreneurship in people. But despite all this, no one knows exactly what it is that sparks anyone to create their own businesses. However, several recent studies suggest that a significant part of the “spark” could be due to individual genetic make-up.

Nicos Nicolaou (lecturer in entrepreneurship at the Tanaka School of Business, Imperial College London), Scott Shane (Mixon Professor of Entrepreneurship, Case Western Reserve Universities Weatherhead School of Management), Janice hunk, Tim Spector and Lynn Cherkas ( Twin Research and Genetic Epidemiology Unit, St Thomas Hospital in London, home of the British twin registry of over 10,000 twins), all came together and worked in this unique study.

They compared the “rate” of entrepreneurship between more than 1,250 pairs of identical (fraternal) twins within the UK. They concluded that almost half, 48% of individuals tend to become self-employed and start their own businesses is genetic.

Partnership did a study of self employment among 609 pairs of identical twins, and compared to the self-employment of 657 pairs of same-sex fraternal twins in Britain. Twins share 100% of the genetic composition of each other, while fraternal twins share only about 50% on average. They concluded that the rate of identical twins pairs both became pioneers, and the rate at which both sets of fraternal twins became entrepreneurs can be attributed to genetic factors. “One can look at the pattern matching (the number of pairs of twins, both parties are or are not employers) and reasonably conclude that genetic factors account for the difference,” says Scott Shane.

collaborating scientists have proposed several methods that genetic factors may influence a person’s potential to become an entrepreneur. For example, genetics may cause a person to develop the properties, such as being very sociable, or extrovert. However, can pave the way to this person gain skills such as salesmanship, which is an important skill attributed to entrepreneurial success.

Gen have also been shown to affect the amount or level of education a person could get. Thus, people are getting more education are more likely to become entrepreneurs, as they are likely to be able to identify new business opportunities where others can not.

Finally, their research has shown a clear genetic predisposition to entrepreneurship, which makes it possible to proceed with further research to identify the specific genes involved in being an entrepreneur.

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Entrepreneurialism – The Answer Nigerian Youth turmoil

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There is no denying the fact that Nigeria has had more than its fair share of national calamity. Decades of independence from British colonial rule in 1960 saw this strategically located sub-Saharan nation plunge into political uncertainty and economic resolution. Non-inclusive strategy and historical overdependence on oil exports went to the vast majority of Nigeria in poverty and the catastrophic human development conditions. The return of democracy in 1999 finally brought with it the promise of positive change, the Abuja announced ambitious plans to reverse the downward spiral in global rankings and effect a radical transformation in the lives of its people. In Nigeria proverbial light at the end of the tunnel came in the form of rapid sustainable development, the former president O Obsanjo tilted to take his country to the top 20 world economies by 2020. The thrust of this vision has been carried on by the current President UM Yar’Adua that Nigeria continues on the road to economic repair and sustainable growth.

Of the many important challenges facing Nigeria today, youth unrest and violent crime are probably distressing. Even though credible data are missing, local media suggest that half of the Nigerian population of 148 million are teenagers, 95% of them are unemployed1. Decades of economic stagnation and poverty have conspired to drive a large chunk of this form of crime and violence from the beginning. There is little doubt that the long-term country are irrevocably tied to its ability to restore this youth force from unrest and activate economic potential.

Basic Challenges

before he is on the way to tackle youth unrest, it is important to consider the development obstacles facing Nigerians in general, and its youth in particular.

* infrastructure deficit in the country runs into billions of dollars, a condition that severely undermines sustainable development. In July this year, the government announced it has $ 150 billion2 over ten years for investment in various sectors of infrastructure; especially power, roads and railways. Business are also not equitable spread across rural and urban areas, a situation that hexes development of new projects and expansion of existing ones. A virtually no rail network and very poor road conditions have combined to further reduce operating environment of the country and the investment climate.

* Electricity is another area of ​​concern in this regard. Power supply is far below demand, to say the least, and supply is mostly erratic even in relatively developed urban areas. Most companies are forced to run on expensive generators, but often outages leave many other facing break-ins and other criminal activities.

* communication infrastructure also calls for massive restoration and growth, especially in the telecommunications and Internet services. These two sectors were focus areas under former President Obasanjo, the government expressed great revival program to promote the sharing and flow of Internet and phone services. Current and emerging entrepreneurs like Nigeria continue to face tremendous obstacles in linking to markets and potential investors. Although there have been tangible development in the communication sector in the last decade, it still presents enormous challenges.

* Entrepreneurship development has also been hamstrung with lots of financial factors, poor access to credit for small businesses to be the most prominent. Lack of credit and taxation sympathetic sustainable reality is a core area of ​​concern, along with the predominance of loans with debt equity.

* low standards of education, limited access to vocational training, limited use of technology and high cost of doing business in Nigeria are other factors that require resolution for the country to achieve rapid sustainable growth.

The Way Ahead

Clearly, there are diverse issues that negatively affect business development in Nigeria. Significant youth population, have decades of under investment in the social sector and the failure of employment generation programs together and create an atmosphere of unrest. The volatile mix of rampant poverty, inflation and unemployment have led to a situation where criminality is very often the only way to survive.

reversed this development calls for a fundamental change in the official outlook and vigorous changes in four key areas:

* Training and education: From the perspective of sustainable development and youth mobilization, the importance of wholesome and practical education simply can not overstated. The Nigerian government seems to understand the extent of its importance, and successive governments have undertaken sweeping policy decisions in this direction. Before leaving office in 2007, President Obsanjo made entrepreneurial education mandatory for high school students in all areas of Nigeria. The current exemption under President Yar’Adua continues to place great emphasis on vocational training and skills development programs for youth by equipping them to meet business challenges. However, such measures need to be standardized across the education system and quality-upgraded to meet current realities

* Official Programmes :. As of 1999, the federal government has initiated several measures markers to promote business development, including the setting up of the National Directorate of work, medium business Development and the Central Bank of Industry. However, more effective steps called for in order to increase youth participation in development schemes and forming social consensus on important macroeconomic issues. Encourage youth leadership in both the public and private sectors is important to get more economic value of the potential

* Financial Restructuring :. Access to capital to be one of the biggest setbacks to promote youth entrepreneurialism, Nigeria needs to focus on formulating and implementing radical policy changes in the financial sector. Banks and financial institutions need Outlook restructure and sensitizing the small business requirements as part of efforts to increase financial access to growing business

* Rural Barriers :. Particular attention will be given to develop business opportunities in rural areas, which significantly lag behind urban both qualitatively and quantitatively. Sufficient care must be given to the implementation of policies that favor localized and socially relevant companies across diverse Nigerian landscape.

The problem of youth unrest in Africa’s second-largest economy can not be viewed in isolation from the larger socio-economic challenges her. Nigeria must recognize the historic omission its meeting aspiration of her youth, and come up with creative solutions that adequately harness their energy for sustainable and inclusive prosperity.

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Entrepreneurialism – Non-conformists Urged to Apply

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A non-conformist is described as one that is not in accordance with, or refuses to comply, customs, or practices.

How is the idea that play out in entrepreneurialism?

You would think that because of the static nature of certain business processes to be a non-Conformist would be bad for business, and in a sense was right.

There are certain songs that must be followed if you are going to develop the business. There are also tax considerations that must be taken into account. To run a business you will probably have certain manufacturers who will expect you to do business in a certain way.

There seems to be a non-Conformist could be bad for business, but there is room for The Maverick Spirit?

Yes!

There are many entrepreneurs who are getting into Crayon box and draw out the colors that venture outside the established lines. Of course I’m talking metaphorically. I’m also talking about something that is still in accordance with applicable law.

entrepreneurialism is a dynamic that works well for those who have ideas that challenge the status quo. Think about it. If your inspiration is the current idea what is the point in pursuing what has already been done. Employers reach out for something different and unexpected.

Of course, this has also brought about the things you can only find out about at 3 am on the infomercial, but the point is that you have a dream, it is unique and sharing the dream may be difficult in the confines of a post Quoville.

You can live without conformist in your marketing approach or the way you advertise. You can be a non-conformist by developing products that conventional wisdom says is either not needed or foolish. Creators things like mood Ring Pet Rocks and Chia Pets foreign conformists more than likely was. They found the product they market the product, even when everyone thought they were stupid.

High School Musical franchise reportedly scored nearly a billion dollars with the first item alone. This film was produced for television with a budget of $ 4 million. It has been reported that the volume sold in excess of four million copies. Filmmaker Kenny Ortega dream, an idea, and he led the failed family friendly musicals back in fashion – and made money doing it

You need to know that you will have those who do not buy into your dream -. Don ‘t let that stop you from dreaming.

It is good for entrepreneurialism in mind a bit of a non-Conformist nature. It is this very scenario that always seems to bring us the next ‘big’ thing.

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Entrepreneurialism – At Risk

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!

Weak heart people, this article is not for you! Because of entrepreneurialism is a risk taking business and it is for those who can walk through the various risks and challenges for getting an incredible amount of satisfaction. And if they did not spend their time on something useless, but they have done the work that will benefit their family as well. Depending on how much data they are given to customers of products.

There is something like the satisfaction that comes with entrepreneurialism. You are the embodiment of an entrepreneur if you get creative in solving problems efficiently and immediately on a difficult road entrepreneurialism. The problem can be new and unknown to you, and not all decisions have to be perfect, but the way you answer to problems is what matters and that is the creation of job demands.

If you have decided to run a business the first time, know the risks as well …. and even then you decide to pursue it you’re the man! Determination is the key quality of a good entrepreneur. And it is good to take a risk rather than a lifetime dream and build castles in the air.

So always make a plan and keep certain of it, but be prepared for the worst! You should be able to make a wise decision in time because no time management means lost the case – money loves speed. There will be many opportunities; you just have to recognize them as fast as you can.

Before you start with entrepreneurialism, taking guidance from someone already come and learn from their experience. Do not worry – the time will teach you all the lessons and you will excel! Start work now and give your ideas as your mentor can guide you about what is good and what is bad for business. Entrepreneur skills just need to be polished. Confidence in yourself and go for it because life is also in danger, even then you go around happy – why not business risk of

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Entrepreneurialism – The Guardian Heart

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E Commerce can sometimes feel a bit like a rather gaudy carnival. Endless list of available products is mind numbing. It can be rather difficult to come to terms with jumping into the fray online business when it seems that you’ll probably be just another carnival barker hawking your wares.

I understand your fears, but I also know that a good entrepreneur is better adapted to the actor than a traditional business owner.

First of all, here’s what I do not mean with my previous comment. I do not mean that entrepreneurs are like actors in that they are not genuine and are simply playing a part.

Second, this is what I mean by that comment. I mean that entrepreneurs are like actors in both understand that their role is to sell the idea. A good actor can sell you on the idea that they are the character they play. A good entrepreneur takes their enthusiasm for the product, change their interest to consolidate and then uses that trust to sell the idea.

idea is not necessarily a product. The idea must be sold before the product will be viable. Sometimes it means marketing something that should not be given. In fact, the entrepreneur can help to create a market for their product through the sheer force of their enthusiasm and determination.

There is more than selling deep friend of cotton candy on the midway. Entrepreneur helps customers find something important in frivolous. They will get to the Grand in a joint. You can tour director and lead site visitors on a journey that come out, trust you and your idea.

Too many people want to sell a product when they may be better off working to sell personal confidence in the new idea.

I think there is a difference between an entrepreneur and marketing expert. A marketing expert knows the tools needed to sell a product but an entrepreneur living the passion needed to change the world in their own small way. Both are important in ecommerce, but the entrepreneur has something some marketing experts do not. They have been burdened with the idea that passion is a prerequisite. Entrepreneurialism of these individuals is not a job it’s a job

A marketing expert understands the mechanics of selling -. Entrepreneur protects the heart. Both are necessary, but only you can make the process palatably people.

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Entrepreneurialism: Action on Wikipedia Four Step

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According to Wikipedia, “An entrepreneur is a person who undertakes and operates a new business or project and assumes some responsibility for the inherent risks. In connection with the establishment of for-profit companies, the entrepreneur is often synonymous with founder.”

Let’s see if we can break this definition down into bite-sized chunks.

entrepreneurs Undertaker

This concept represents a certain amount of initiative that drives a person to do something tangible with the idea they have conceived. This initiative is related to business startup.

Entrepreneur operator

This term is a sign that a person willing to get in the thick of things and develop the business from the perspective of the operator and the market. In fact, the entrepreneur must be willing to do everything necessary to manage the business they are trying to develop.

initiator and accountability

Entrepreneur understands that the buck stops with them. They are willing to be responsible in the development and affairs of the company.

Entrepreneur as Risk taker

There will always be a risk that business startups will fail, but the risk an entrepreneur puts forward can also lead to profitable business. Entrepreneur understands the risks and decide to proceed despite the risks.

entrepreneur as founder

In connection with the successful business start-up entrepreneur is listed as the founder of the company. This person did what it took to move an idea from their thought process to fruition. This is hard work and, if successful, their name will always be associated companies. Some may consider this to be part of the heritage of the individual; certainly it can be a high point in the work history of the individual.

It is the joy that comes with entrepreneurialism. The road can be difficult and you may need to get creative in solving problems you never come up, but you’re in the moment, the quintessential entrepreneur. You have chosen to take the initiative to run a business. You have decided to be responsible for all stages of business start-up and you recognize and accept the risks involved in business development.

entrepreneurialism is not for the faint of heart, but for those who walk through the various listed above is an incredible amount of satisfaction to know that the work you have done will not only benefit you and your family, and customers who will benefit from the product or service you provide.

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