Do ENTREPRENEURS Need To Be Risk-Takers?

First of all, risk can be defined by two variables: the chance of success and what there is to lose. These two variables will set the level of how much an entrepreneur is a risk-taker. 

Indeed, the most challenging part of an entrepreneurial journey is the start. 

Most of the time, entrepreneurs give up a secured situation with a monthly salary to start their own business that has a 90% chance to fail. Revenue is not coming directly after the launch. Some entrepreneurs will invest a significant amount of their own money in starting without paying themselves, sometimes for more than a year. 

Therefore, an entrepreneur put himself at risk but also his loved ones.

The risk of failure is the global risk that pops in our mind when we speak about entrepreneurial risk. 

But there are several types of risk regarding money, decision process, vision, market, lifestyle, human resources..

Financial risk: Most of the time, entrepreneurs leave a salary and invest money in their projects without any certainty of earning money from it.

Risky decision: Every decision that an entrepreneur takes has a direct impact on his project. 

A single wrong decision can be deadly for the venture. This is why investing in yourself with a coach or mentor who has already been down the path is crucial to success.

At every step of a venture, there are significant personal and professional decisions that have to be taken. 

If the entrepreneurs choose a wrong path, it risks losing everything he has Entrepreneurs see opportunities where others see risks. 

For them, it is not risks to take but opportunities to catch. 

It is by catching those opportunities that an entrepreneur will succeed. 

Then, once the entrepreneur has launched his business, he sees risks as a reasonable path to success.

Entrepreneurs deal with uncertainty daily. Will this client sign the contract? Will my advertising reach a good population? Is my product good enough? And so on so forth. 

An entrepreneur is not becoming a risk-taker while creating his business. It is his experience that gave him an entrepreneurial mindset. 

Finally, to be in the 10% successful ones, an entrepreneur needs to think big, to have ambition, to be confident, to invest in themselves without hesitation, and to imagine new solutions. 

These characteristics require to take risks. Whether it is small risks that can be measured and control or bigger ones that can jeopardize the venture, a good entrepreneur needs to take it.

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Quick Tips Regarding Getting Clients

Grow or die. This is the truth of running a business, whether you are self-employed or are in the top 10 of the Forbes “World’s Most Valuable Brands” list like The Coca-Cola Company.

Maybe you are a solopreneur or an independent consultant, or perhaps you run a small business.

Here are some questions to help you think like a chief growth officer:

Do you think about growth? 

You need a growth strategy.

There is something in business called the growth imperative.

To paraphrase a country song lyric, you got to get busy growing or get busy dying.

Death is a natural process, even for a business.  Everything ends.

But not on your watch.

I have a few questions for you:

How are your clients’ needs changing?

What are the trends in your world?

How many offerings do you have?

You should have a signature product or service, and confidently share what they are.

You must be clear about the results your client would get by working with you.

Connect with your clients in a way that resonates. Think relationships, which means you must know and understand your market.

Provide value based on what you know, their challenges, and struggles are.

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Can you Really trust your Mom?

Becoming a Women

As a young woman coming into my own, I relied on my mother for all kinds of advice and direction. She was my firm and solid rock of authority for what I should do and my approach to things. I remember getting my first real job and how I felt when I was employed one year. As I started learning new things and experiencing places and things my mother had not I realized somewhere along the way I had stopped asking her about how I should approach opportunities presented to me.

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Confusion Frustration Change

Confused Frustrated and Ready for Change

Lack of clarity is one of the areas of life that breeds frustration. When you are not sure how to bring your dreams and visions to reality it leaves you in the prison of going in circles. While many can live their entire lives in this prison you are about to receive your release.

Being in this place leaves you with a lack of understanding and in the realm of uncertainty. You find yourself looking at the distance between where you are and where you want to be and you are left bewildered as to how to get there. Actually you are closer than you realize to clarity and the steps to living your dreams. Realizing that there are things you just don’t know is the beginning of getting the knowledge needed to move you forward.

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The Panic Attack Barrier to Success

Panic means sudden uncontrollable fear or anxiety, often causing really unthinking behavior. When you panic it causes alarms to go up making you aware of danger. You get anxious, worried, a feeling of dread comes over you, and you become filled with apprehensions. I love synonyms because adding them to our dialog brings greater understanding of our thoughts regarding our insights. Some synonyms for panic are, alarm, anxiety, dread, terror, hysteria, dismay, and apprehension to name a few.

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Tips to Awaken your Purpose

Awakening is what I do. My passion is for you finding your purpose. When I reflect on my own personal pathway to purpose the strategies and insights I’ve learned trained and equipped me to get to yours.

As an Executive Coach and Mentor what I am in this Earth to do is fulfilled through every person and client I help to Awaken their purpose. That’s what pushes me each day. You are my to do list.

I talk to people daily who feel stuck in a downward spiral in life. Maybe you feel this way also. You could also feel like you are living in your purpose now, but I want to let you know probably you could use an elevation of in your mind.

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Social Media Introduction Glossary — Awakening Initiatives Blog

If you don’t have Social Media presence then you don’t have presence. Today everyone is on Social Media. Grandma has a Social Media account. Today’s culture is a Social Media culture. If you want your business, ministry, event, and basic connection to the world to be effective and influential you must have multiple Social Media sites.

via Social Media Introduction Glossary — Awakening Initiatives Blog