Everywhere you look there is the false myth of the entrepreneur who takes huge financial risks. It is true that entrepreneurship is risky and the chances of success are slim. Yet entrepreneurship is not about taking the risk but learning how to avoid it!
All the greatest entrepreneurs and investors of our times. From Warren Buffet to Bill Gates learned from a young age how to minimize their financial risk. Warren Buffet learned to reduce his financial risk by investing in undervalued stocks that were close to their lowest value. Bill Gates did that by starting the business with no capital, other than what is called sweat equity. Thus, next time you’re thinking about starting a venture. Do not believe you have to take the risk. But start thinking how to minimize it!
