I think that sometimes people are frightened to take the risk of entrepreneurship.
Sentiment: NEGATIVE
In the end, I think that people that are not willing to take the risk to fail are not true entrepreneurs.
Being an entrepreneur means the ability to think out of the box by putting away our fear of any risk, including financial.
Entrepreneurs are great at dealing with uncertainty and also very good at minimizing risk. That's the classic great entrepreneur.
Whatever the reasons, would-be entrepreneurs should be forewarned. Going into business for yourself isn't just risky because your business might fail. It's risky because you might have a harder time getting a job in the future, even if you succeed with your company.
The first thing I look at is, 'Is the entrepreneur going after really big problems, to the extent that it feels scary when they talk about it?' You wonder if the idea is possible. I have seen that a lot of times, people go after small problems, and that's a sign that they are not confident.
Entrepreneurs have only the murkiest picture of the future in which they are making their bets, and also there is ambiguity: they don't know when they push this lever or that lever that the outcome is going to be what they think it is going to be - there is the law of unanticipated consequences.
Really great entrepreneurs have this very special mix of unstoppable optimism and scathing paranoia.
Entrepreneurs love to view risk as binary. The more you put on the line, the greater the potential for reward.
One misconception is that entrepreneurs love risk. Actually, we all want things to go as we expect. What you need is a blind optimism and a tolerance for uncertainty.
I'm generally risk averse, and most great entrepreneurs I know are as well.