Professional Documents
Culture Documents
According to Adejumobi & Apena (1998), “Taking risks is one significant part in your
entrepreneurial journey.” Significant because it can play a part in shaping your journey, when
you consider a longer period of time. And as you take those risks, like any other risks, you
end up learning, whether or not it has worked. Risks for every single individual are
subjective. For a product guy it could be a gamble to talk about their new product in an event
filled with different businessmen, for a service-based guy it could be synonymous with taking
on a big ass project on credit and so on (Walczak-Duraj, 2010). Although moving into new
markets could be a challenge for an existing entrepreneur. For most businessmen, the biggest
risk is always the early to mid-stage cash flow. Entrepreneurship is something embracing
creativity and risks. Because risk-taking is the core concept of entrepreneurship, you can't be
an entrepreneur on your journey without meeting the risk. You have highlighted about how
the article makes some claims saying that anyone who is prepared to risk can become a
creative, hard-working, and opportunistic entrepreneur. However, An entrepreneur's key
attributes are the willingness to accept a measured risk.
References
Terziev, V., & Arabska, E. (2017). Social Enterpreneurship, Social Values and Social
Impact. SSRN Electronic Journal. doi: 10.2139/ssrn.3142904