Entrepreneurs love to view risk as binary. The more you put on the line, the greater the potential for reward.
Sentiment: POSITIVE
I'm generally risk averse, and most great entrepreneurs I know are as well.
I think that sometimes people are frightened to take the risk of entrepreneurship.
Basically if you study entrepreneurs, there is a misnomer: People think that entrepreneurs take risk, and they get rewarded because they take risk. In reality entrepreneurs do everything they can to minimize risk. They are not interested in taking risk. They want free lunches and they go after free lunches.
In the end, I think that people that are not willing to take the risk to fail are not true entrepreneurs.
In business, you try to minimise risk.
Entrepreneurs are great at dealing with uncertainty and also very good at minimizing risk. That's the classic great entrepreneur.
It's important to understand how people perceive risk, and how that translates into investment behavior.
Entrepreneurs are risk takers, willing to roll the dice with their money or reputation on the line in support of an idea or enterprise. They willingly assume responsibility for the success or failure of a venture and are answerable for all its facets.
Being an entrepreneur means the ability to think out of the box by putting away our fear of any risk, including financial.
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.