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Entrepreneurs take three kinds of risk

  • By Alan Knott-Craig
  • June 10, 2016

entrepeneur time


There are three kinds of risk, in order from least to most importance:


  1. Financial


The risk of losing money is a biggie. It’s a serious motivator. Especially when you have a family.


Taking financial risk separates the entrepreneurs from the “business owners.”The good news is that, in spite of the unpleasantness of losing money, you can make it back later in your life.


  1. Reputation


Losing face is bad. No one likes it. Sometimes it will seem impossible to regain your reputation.


Don’t sweat it.



As long as you don’t go to jail, you can recover. In the end the only thing that matters is your track record. Did you build something? If not, no one will remember you.


  1. Time


Are you wasting your time? That depends on your life’s purpose. Think of it. Everyone stands the risk of failing, but when you look back at your life one day you don’t want to say your days were spent chasing an empty goal.


Even if you succeed you’ll feel regret!


You can’t make back time. Wasting time is the biggest risk an entrepreneur can take.


Make sure you’re doing what you’re meant to be doing.

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