Risk and Uncertainty Oriented

In entrepreneurship, risk and uncertainty oriented is defined as the ability of being ready and
adaptive to different changes that are risking the business or company for its success or failure.
Risk and uncertainties can be manmade or unexpected thus it is important for an entrepreneur
to always be ready with different challenges. Success and failures are always happening; and
success is not always permanent neither does failures. The business world is always in
constant change. When an unexpected threat comes along the way, being risk and uncertainty
oriented can help save the business because they are knowledgeable with different routes a
business could take them. Risk and uncertainty are also a median for the business to boom and
grow. Though being a risk taker is not always a good option for many, it is still a great habit for
entrepreneurs who especially are bound also to their limits. Not only does risk and uncertainty
have the possibilities of failures but it also has an open way to success. Just like from the quote
“It won’t hurt to try”, risk taking can lead an individual to find what’s meant to be discovered or in
other way will teach them lessons regarding how they can manage and grow their business in a
better way. It is important for entrepreneurs to try and be brave and be open to discovery.

Accepting Challenges

In entrepreneurship, accepting challenges means that the entrepreneur is mature and

ready to accept whatever changes he must take in order to grow their business. Challenges in
entrepreneurship are different kinds of things: Rule Making, Being Visionary,Time and Socially
responsible, and more. Learning to embrace challenges can make your business healthier and
grow better. Challenges are set to make the business more fitted to stay in the community. A
motivational business book entitled “Who Moved My Cheese?” gave an example and illustration
to what it means by accepting challenges. It was stated in the book that: In life and our career or
even journey as a student, we will face different changes, adjustments, innovations, and
challenges. In order for you to succeed, one must first accept the change or the challenge for an
individual to move forward and find what is meant for them. An entrepreneur should not stay
comfortable and content with what they just have, instead they should be willing to innovate and
improve by accepting new challenges. In business, there is no such thing as best because
products and services can always be made better.

Challenges may bring failures but it will teach the entrepreneur how to manage these
kinds of downfalls and train them for the upcoming failure again; in that way the individuals are
adaptive and ready to whatever may come up again. As an entrepreneur is willing to learn from
their mistakes and failures, the least likely they make mistakes again. Through challenge, and
especially when it meets the passion and motivation, a business may unexpectedly succeed
that can create a big impact to the business.