Advice to Entrepreneurs: Microsoft’s Bill Gates on Overcoming the Feeling of Risk

Entrepreneurs are not necessarily more tolerant to risk and the possibility of failure than the rest of us. They simply define risk differently. Most entrepreneurs tend to prioritize incessantly and can afford to risk a few outputs for an outcome they believe in. Here is advice from Bill Gates on overcoming the feeling of risk. Bill Gates is the cofounder, chairman, and former CEO of Microsoft, the software and hardware company.

Bill Gates, cofounder, chairman, and former CEO of Microsoft If you’re going to start a company, it takes so much energy that you’d better overcome your feeling of risk. Also, I don’t think that you should necessarily start a company at the beginning of your career. There’s a lot to be said for working in a company and learning how they do things first.

On his management style: I do know that if people say things that are wrong, others shouldn’t just sit there silently. They should speak. Great organizations demand a high level of commitment by the people involved.

Source: “World Changers: 25 Entrepreneurs Who Changed Business as We Knew It” by John A. Byrne. John Byrne, a former editor at BusinessWeek and Fast Company magazines, co-authored Jack: Straight from the Gut with Jack Welch, former General Electric Chairman and CEO. In “World Changers,” John Byrne presents potent advice on entrepreneurism and fascinating insights into what it takes to succeed as entrepreneurs from successful business luminaries such as Apple’s Steve Jobs to HARPO’s Oprah, from India’s Ratan Tata to Brazil’s Eike Batista. John Byrne concludes that the three distinguishing characteristics of successful entrepreneurism are the opportunistic mindset, an ability to embrace risk, and sense of independence, control and urgency.

Recommended Reading

Posted in Business and Strategy Leaders and Innovators Management and Leadership

Leave a Reply

Your email address will not be published. Required fields are marked *