Scientists Embracing Entrepreneurship

Risk-taker Myth

Malcolm Gladwell supports my claim that entrepreneurs as risk-takers is nothing more than a myth. I know you are independent in your thoughts, pride yourself in you analytical ability, and do not need an “authority” like me or Malcolm Gladwell to spell this out for you.

However, it is interesting to ponder the point. John Tozzi at BusinessWeek discusses the issue further. Click here to view the post.

After reading the post, I found Bruce Philip’s comment to be valuable.

The simplistic risk bad/risk good debate is something that could only be conducted between people who have never run a business. The truth is that risk is algorithmic. An entrepreneur takes the ones that are strategic, manageable and attach to disproportionately positive results. He avoids risks that are non-strategic, and/or unmanageable, and/or never going to produce results that justify them. My own business has enjoyed 14 healthy years, and this is partly owed not to risk taking or to risk avoidance, but to being conscientious about risk.

Does this support my position on “fail fast, fail cheap”?

Reader Feedback

15 Responses to “Risk-taker Myth”

  1. Полезно, спасибо

    Translation: Useful, thank

  2. AllDayTravel says:

    Да, Именно так и было!:))

    Translation: Yes, that’s how it was!:))

  3. Вот решил вам немного помочь и послал этот пост в социальные закладки. Очень надеюсь ваш рейтинг возрастет.

    Translation: Here you decided to help a bit, and sent this post to social bookmark. I really hope your ranking will increase.

  4. Big Comfort says:

    Огромное количество информации о производственном потенциале РФ: введение соискателя в должность, динамика дохода, переоценка фонда собственности и человеческие ресурсы, а также эффективность экономики.

    Translation: A huge amount of information about production capacities of Russia: the introduction of the applicant in the post, the dynamics of income, revaluation fund of property and human resources, as well as economic efficiency.

  5. Author says:

    Большое спасибо. Очень полезная информация

    Translation: Thank you very much. Very useful information

  6. Благодарю!!!У Вас часто появляются очень интересные посты! Очень поднимаете мое настроение.

    Translation: Thank you! Do you often appear very interesting posts! Very lift my spirits.

  7. выход из кризиса – внуково 2 ?

    Translation: out of crisis – Vnukovo 2?

  8. testoforma says:

    По моему у Вас украли эту статью и поместили на другом сайте. Я её уже видела.

    Translation: In my opinion you stole this article and placed on another site. I had already seen.

  9. Бренд says:

    Забавно. :-)

    Translation: Funny. :-)

  10. MeGaSLoT says:

    Скажите, а у вас есть RSS поток в этом блоге?
    Translation: Tell me, do you have a RSS feed of this blog?

  11. сервер says:

    поделюсь: а у нас на работе всех поувольняли, и что теперь делать?
    Translation: share: but we have to work all pouvolnyali, and what to do now?

  12. Спасибо! а еще посты на эту тему будут?
    Translation: Thank you! and more posts on this topic will

  13. А давно ли запустили этот блог?
    Translation: A long time ago I started this blog?

  14. COMEC says:

    “Мне нравятся Ваши посты”
    Translation: “I like your posts”

  15. Отличный материал. Спасибо и пишите еще, только картнок маловато!

    Translations: Excellent material. Thank you and write more, but kartnok not enough!

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