You might have heard the statement that “risk-taking is almost synonymous with entrepreneurship”. Well… there is obviously some truth to this. Entrepreneurship means risk. The risk of walking away from a secure career pathway to create something new.
However, the other side of the coin is that most entrepreneurs are not risk takers by nature. Indeed, many people will say that successful entrepreneurs avoid risk. They are focused on earning a profit and developing their business and they try to avoid risks that may cause harm to their organisation.
Well, Paul Graham, investor and founder of the big accelerator Y Combinator, detected 8 important mistakes that weaken startups up to destroy them.
Even though risk exists, people do not stop trying new things out. The same applies to starting a business. Therefore, we want to encourage you to take a risk and test out your business idea.
So let’s try …
DO NOT PANIC!
FIND YOUR RESOURCES