Thursday, August 1, 2019

Questioning our choices and afraid to take risks


Questioning our choices 
Every entrepreneur has reached a stage where they tend to question themselves about their choices and whether what they want to do is right and if they are willing to take the risks. 

Surprise! this is totally normal, especially for individuals who do not earn as much income and are afraid to be BROKE!. There is a saying that you should be able to take risks in order to be successful, which is sometimes true but the success does not always come straight to profit! (the entrepreneur's dream!). It sometimes comes from struggle and failure (the entrepreneur's worst nightmare). Nevertheless, an entrepreneur will gain more experience, when taking risks and they will be able to learn from these experiences ( win-win situation ). 

The main point here is that it is normal to question your choices because of risks. However, it would be wise for entrepreneurs to actually calculate the risks and be able to mitigate these risks by always having a PLAN B! (we all know money isn't easy to get but easy to spend). A lot of entrepreneurs who wish to have there owned business startups, they always focus a lot on that one way on how they can start and operate their business. But at the end of the day, they claim to have not enough capital. This is because they have envisioned their business to have certain types of requirements to start. This can work for legal documents but not with other resources that can be tackled with creativity. The entrepreneurs should have PLAN B to make things work through and not necessarily waste a lot of time to figure out something that can eventually be done just by THINKING SMART! AND NOT ONLY WORKING HARD!. So instead, combine both into one and be able to start a business with the right confidence knowing your available options to mitigate the risks. And you have to stop the negative thoughts of questioning your choices because it can lead you to doubts and discouragement.   
I have shared with you a link that explains in-depth about having a PLAN if you wish to know more.
READ MORE: Importance of PLAN B in business by Rachel Hanebutt ( 12th May 2017) 
https://www.virgin.com/entrepreneur/importance-plan-b-business

Note: It would be great for passionate entrepreneurs to share their thoughts and advice on how they worked through the questioning and risks that they faced during their startups and maybe provide some tips for planning in The Entrepreneurship Passion!

No comments:

Post a Comment