April 20, 2006
Meditations on Risk
Intrepreneurs and Entrepreneurs are value-generating individuals. The main difference between them is that Entrepreneurs have higher risk tolerance. If you would like to make the jump from Intre- to Entrepreneur but fear risk, here are a few ideas to help overcome your fear:
Assess the risk of staying where you are. If you don’t take the leap, what do you risk missing out on? You’re currently employed as a Web programmer for a company. Maybe the work and the schedule have become dry and tedious. You’d like to try starting up your own Web design company so you have more control, flexibility, and creativity in your career. If you don’t go for it, what will you potentially be sacrificing?
Assess the risk of taking the leap. Your current job doesn’t inspire you. You’ve saved up some start-up money, and you already have a strong portfolio. What’s the worst case scenario? If your business flops, you can find another Web programming job, or maybe something you like even more, right? We tend to overinflate consequences in our minds when we are afraid.
Assess the potential rewards of taking the risk. Close your eyes and imagine your new life. Think about your new sense of self. How will your days go? What will you have that you’ve always wanted?
Filed under: Career Intensity Challenge
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