ENTREPRENEURSHIP IS RISKY

Posted by Scott Robinson


In chapter 6 of The Illusions of Entrepreneurship, Scott Shane explains the overall performance of entrepreneurs. The truth is, that the majority of people who start a business will fail; and the lucky few that manage to keep their business afloat will make less money than if they were working for someone else. The most spoken reason of taking the risk to start a new business is that the person is much happier working for themselves! Then when, or if, the entrepreneur becomes successful, entrepreneurship provides the founder the opportunity to earn a very high income and establish a substantial net worth. The key to becoming one of these very successful few is having the ability to focus on the qualitative aspects of your actions (management, service). When you have the best possible quality in your business, the quantitative aspects will follow (money, sales goals).

 

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