Comments on: You don’t need to love risk-taking to start your own business

By: mephina

mephina — Wed, 19 Sep 2007 12:58:02 +0000

thak you for the work andthe reaserch

By: mephina

mephina — Wed, 19 Sep 2007 12:56:30 +0000

plis help me with my research on the life of student entreprenuers. i would like to know how their manage studies and their own work.

By: Fran

Fran — Fri, 27 Apr 2007 01:36:39 +0000

You are right about that. Having the basic skills is indeed a factor that minimizes the risk we take from starting a business. Using the right tools and necessary skills should be a good reason for removing the thought of being a risk taker.

By: Alan

Alan — Thu, 26 Apr 2007 05:46:32 +0000

I agree that it’s not necessary to be a risk taker inorder to start a business. In starting a business, we must be aware of the factors and consider everything that may affect the business. Having incomplete preparation will surely make it a risk.

By: Maureen Rogers

Maureen Rogers — Wed, 25 Apr 2007 14:05:38 +0000

I’m with AlmostGotIt. I LIKE having thoughts, too.After thinking about it, I’ve come to the realization that those of us who are introspective; who really, truly, like to think about things; who are highly analytical are probably just not all that cut out to be risk-taking entrepreneurs.To succeed in an entrepreneurial endeavor, you need to have supreme conviction - and thinkers tend to spend perhaps too much time evaluating risk, playing “what-if”, etc.. A better job for us: chief of staff, advisor to the throne, internal consultant….

By: Elizabeth

Elizabeth — Wed, 25 Apr 2007 06:03:12 +0000

Thanks for the post, Penelope! I was directed here from “I will teach you to be rich,” and I really appreciate your advice that “not knowing what you will create is OK.” I’m a performing classical musician, but what I’ve been working on a way to fuse music, art, and movement to make each more accessible to the general public.

Your article has inspired me to think on a larger scale…

By: AlmostGotIt

AlmostGotIt — Wed, 25 Apr 2007 04:22:31 +0000

I kind of LIKE having thoughts, though…!

By: Timothy Johnson

Timothy Johnson — Wed, 25 Apr 2007 02:00:08 +0000

Excellent post, Penelope. While not explicitly stated, it should be understood that all of these factors are interrelated. They are, as you put it, the ingredients.

And it is a very personal journey, as some of your commenters have stated. For some, doing this right out of college (or even high school) is the best way to do it. For others, the entrepreneurial calling doesn’t kick in until 50’s or even retirement.

The point about relaxation struck me the most. As I remind students and clients alike, there are only three things you ultimately have to remember to be successful: 1) inhale; 2) exhale; 3) repeat.

By: Binkley

Binkley — Tue, 24 Apr 2007 16:04:39 +0000

(I was directed here from a link from I Will Teach You To Be Rich)

This is a really good article. I was recently in a discussion with some people about starting your own business and your article has gotten me to reconsider my original position. I’m definitely going to point this post out to them.

Love the blog, I’m definitely hitting the archives later!

By: Nataly

Nataly — Tue, 24 Apr 2007 11:12:48 +0000

Penelope, this is a great post! My favorite bit is about successful people having less thoughts per day than others. I’ve found in my own experience of starting a company that if I can just focus on the task at hand and curtail my thoughts that relate to worrying about the future, worrying about money, stressing about what happens if I fail, I am much more successful and productive.