I’ve brought up the question before, are entrepreneurs born or made, and want to present a new question:
Are Entrepreneurs more open to risk?
I’m on the fence about this one, mainly because I consider myself risk averse. I’m slow to implement change, either in my business or my life. Change means risk. But I’m an entrepreneur, and in some ways, every day is a risk. Losing one or more clients can seriously jeopardize my business (although I have learned the art of risk mitigation). Early in my time running Egg, it was tumultuous. Like getting on a roller coaster every single day.
And I wouldn’t change a thing.
So maybe I am a risk taker. Many people who work for others wouldn’t dare quit their jobs to start a business they weren’t sure would work. Or give up health insurance. But I did. Although, like Roger Pierce, I am an accidental entrepreneur, so perhaps that’s why I don’t feel like I’m completely risky. I didn’t mean to get here, to Entrepreneurland. But still, here I am, and I have to ride the risk.
So I ask you, fellow entrepreneur, is being an entrepreneur worth the risk? Here’s some of the risks you likely have:
- Unsteady income
- Sometimes no income
- No insurance, or have to buy your own
- Clients leave
- Having enough to pay business expenses AND rent
- Stress in squabbling with your spouse over money, time (well, that’s a marriage risk, really)
But I think most of us would agree that the rewards outweigh the risks:
- Doing something we genuinely love
- Working the schedule we want
- Working from home, in some cases
- Watching our businesses thrive
The answer will vary among you, but in my opinion, yes, the risk is worth the reward. Every single day.
Photo: Stock.xchng user plrang. Royalty free.
Susan Payton is the President of Egg Marketing & Communications, an internet marketing firm specializing in marketing communications, copywriting and blog posts. She’s written two books: 101 Entrepreneur Tips and Internet Marketing Strategies for Entrepreneurs, and has blogged for several sites, including The Marketing Eggspert Blog, as well as Mashable, Small Business Trends, FutureSimple, BizLaunch and Lead411. Follow her on Twitter @eggmarketing.