Entrepreneur Taking Risk

By seeing the change in the business working and increasing opportunities for people, I am becoming more persistent and motivated to grasp these opportunities by myself. However, by observing many cases in my surrounding mixed with successful and unsuccessful stories, I personally think that researching whether entrepreneur are born or made is more important than becoming an entrepreneur myself. Taking risk is one of the think that I am always willing to take however; in this case I am more willing to wait for some time to evaluate the complete situation, business market, my personal strengths and weaknesses before starting my own business. Many scholars and academic experts have tried to explain the definition of entrepreneur in words; however,

These test concludes that I have the independence, preferring to work alone and self-expressive, feeling a strongly need to conduct my own business in my own way apart from the traditional market working pattern. It is important for an entrepreneur to be a risk taker. For many people taking risk is all about investing capital in a business however, in the current business world taking risk include many other criteria. It can be said that the actual risk lies in devoting 100 per cent of entrepreneur’s determination in a business. People usually assume that a large sum of capital is required to start a new business successfully but true entrepreneur are not afraid of taking risk as investing money or depending on a large sum of money is usually not a problem for them. Furthermore, a level of confidence is required to manage the stress and pressure of maintaining the standards of business operation. According to the GET test, I have to increase my confidence level in order to manage my business operations. This confidence would help me to gather all my ideas all together especially while implementing or formulating any strategy for the working of the company (Bridge, et al.,

They should try not to be narrow minded while organising. He ought to dependably know how he can help somebody and give worth to them before contemplating how the relationship will be conceivably advantageous to the business. In regards of risk taking, I have got high scores that permits me take high risk in my business operations. These calculated risks would enable me to increase the working area of my business especially when I have properly calculated the business risk from the market place (Bridge, et al.,