The thing that makes me entrepreneurial ISN& #39;T a high appetite for risk.
The thing that makes me entrepreneurial is a high level of self-confidence.
I absolutely believe I can and will build a successful business in this time of abundance.
The thing that makes me entrepreneurial is a high level of self-confidence.
I absolutely believe I can and will build a successful business in this time of abundance.
In my experience, entrepreneurs are not the risk takers we& #39;re portrayed to be. We& #39;re actually risk averse.
• We diversify our skills & income
• We build on the side before we go full-time on our businesses
• We want to be profitable or have tons of savings before we quit
• We diversify our skills & income
• We build on the side before we go full-time on our businesses
• We want to be profitable or have tons of savings before we quit
We can be over-cautious to the point of irrationality & paranoia.
I had 5 years of savings before I quit my job 9 months ago!
Completely unnecessary!
I have more savings now than when I quit.
But I still worry about moving house because I& #39;d "only" have 18 months of cash left.
I had 5 years of savings before I quit my job 9 months ago!
Completely unnecessary!
I have more savings now than when I quit.
But I still worry about moving house because I& #39;d "only" have 18 months of cash left.
Maybe you think 18 months of cash is sensible. But that& #39;s assuming I& #39;ll earn nothing, which is pessimistic. In the last 6 months:
• I had consulting gigs
• I built a new product to $15k ARR
• I built a 870 person waitlist for my course
• I ran a side project at $500 MRR
• I had consulting gigs
• I built a new product to $15k ARR
• I built a 870 person waitlist for my course
• I ran a side project at $500 MRR
Heck, there& #39;s a multi-month consulting contract in my inbox right now that& #39;ll cover our expenses with a 4 hour work week.
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Despite all this, I assume the worst when budgeting.
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Am I alone? Are you risk taking, or risk averse? How do you compare to the stereotype?
Despite all this, I assume the worst when budgeting.
Am I alone? Are you risk taking, or risk averse? How do you compare to the stereotype?