Comments on: Risky Business https://www.womenonbusiness.com/risky-business/ Business Women Expertise, Tips, Advice and More to Build Winning Careers and Brands Mon, 08 Mar 2010 06:03:53 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: Mahsa https://www.womenonbusiness.com/risky-business/#comment-3482 Mon, 08 Mar 2010 06:03:53 +0000 http://www.womenonbusiness.com/?p=3305#comment-3482 Thanks for your comment David. I believe we are discussing two different sides of risk-taking.

Of course one should always plan when starting a business, but what I am refering to is the risk involved in going out on your own (i.e. no benefits or security and stability of a 9 to 5 job – not having a “safety net”) and not letting the fear of being on your own stop you from taking the risk to start your own business.

I believe you are refering to people blindly starting a company without any research, analysis and information on their industry/field/company; which I never discussed in my entry.

]]> By: David Stern https://www.womenonbusiness.com/risky-business/#comment-3459 Thu, 04 Mar 2010 16:27:58 +0000 http://www.womenonbusiness.com/?p=3305#comment-3459 I’m not sure I understand how being risky contributes to entrepreneurial success.

Most entrepreneurs run businesses that lots of other people have already run (consulting, construction, retail, restaurants, etc.) so it makes sense to MINIMIZE risk by rigorous analysis and planning, and mastering best practices already established in one’s industry.

See, for example, Scott Shane’s book called The Illusions of Entrepreneurship. http://www.amazon.com/Illusions-Entrepreneurship-Costly-Entrepreneurs-Investors/dp/0300113315.

I think sometimes people mistake “risk taking” for not thoroughly thinking through a situation, or doing enough planning.

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