This document discusses entrepreneurial behavior and risk-taking. It provides advice on developing self-confidence by surrounding yourself with positive people. It also discusses how to be a moderate risk-taker as an entrepreneur by researching opportunities and calculating risks before accepting them, rather than avoiding all risks or taking big bets with low chances of success. The strategies discussed can also help students take sensible risks to advance their careers and find fulfilling jobs.
This document discusses entrepreneurial behavior and risk-taking. It provides advice on developing self-confidence by surrounding yourself with positive people. It also discusses how to be a moderate risk-taker as an entrepreneur by researching opportunities and calculating risks before accepting them, rather than avoiding all risks or taking big bets with low chances of success. The strategies discussed can also help students take sensible risks to advance their careers and find fulfilling jobs.
This document discusses entrepreneurial behavior and risk-taking. It provides advice on developing self-confidence by surrounding yourself with positive people. It also discusses how to be a moderate risk-taker as an entrepreneur by researching opportunities and calculating risks before accepting them, rather than avoiding all risks or taking big bets with low chances of success. The strategies discussed can also help students take sensible risks to advance their careers and find fulfilling jobs.
1. Discuss at least one way to develop your self-confidence.
= Surround yourself with positive people. You're more likely to acquire empowering attitudes and experience life as happening for you rather than to you if you surround yourself with positive individuals. Just as you gain from being around people who make you happy, you suffer when individuals in your professional or social circles are negative or narrow- minded.
2. What must you do to be a moderate risk-taker?
= Entrepreneurs have a reputation for taking large risks. That is not entirely correct. Big bets have a low chance of succeeding. Successful entrepreneurs are risk takers who take reasonable risks. They do not avoid ambiguity if they believe opportunity exists, but they research and calculate before accepting the risk.
The same strategy for risk-taking may benefit me as a student. If I don’t
take any risks, I might never get ahead or be stuck in a job that I hate. I am more likely to close transactions and enjoy my profession if I take sensible risks.