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.
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.
- ‘Showing Up for Life: Thoughts on the Gifts of a Lifetime’ by Bill Gates Sr., Mary Ann Mackin
- ‘Business @ the Speed of Thought: Succeeding in the Digital Economy’ by Bill Gates
- ‘The Success Secrets Of Bill Gates: The Inspirational Story And Success Secrets Of Microsoft Billionaire Bill Gates’ by Anthony Taylor
- ‘Gates: How Microsoft’s Mogul Reinvented an Industry–and Made Himself the Richest Man in America’ by Stephen Manes, Paul Andrews
- ‘Hard Drive: Bill Gates and the Making of the Microsoft Empire’ by James Wallace, Jim Erickson