Entrepreneurial Traits : Open Risk Taker

                             

We all know that every business that operate have its own risk. The possibility for a company to succeed is depends on their product and ability to conduct a company. An entrepreneur need to have a good mentality, being positive and a risk taker is one of the important things that they should have. Business risk is influence by numerous factors such as government regulation, input cost, price per unit, economic stability, consumer and more. Being an entrepreneur is synonym with taking risk with everything on the line.

To start and support their own business, they need to sacrifice steady pay check,career, financial state and also their mental health stake. To be a successful entrepreneur they must accept the risk that every entrepreneur experience especially abandoning steady pay check, sacrifice personal capital, relying on the cash flow , estimating popular interest and many more. Many entrepreneurs started their business by taking risk in abandoning their steady pay check in some cases their career.

 Some people have the luxury back up plan in case things don’t go well in their business. But for most newbie entrepreneur, the choice is risking plunge, there is no guarantee for the income, especially for the first few months and years of the company existence and will need to secure an alternative line of income to support both business and individuals.

Jeffery Preston born on January 12, 1964 or known as Jeff Bezos is an entrepreneur who has played a huge role in e-commence as the founder and CEO of Amazon.com, an online merchant of books and later of a wide variety of products. It becomes the largest retailer World Wide Web and a model for internet sales. He left his job at a New York City hedge fund after learning about the rapid growth in internet use. His taking risk by left well pay job to be an entrepreneur.

‘Losing billions of dollars in failed projects doesn’t matter. Having a flop in your company’s first smartphone doesn’t matter. What does matter is a willingness to take risks” was Jeff Bezos messages during his talk at Business Insider’s Ingnition conference. Jeff Bezos launched Fire Phone in 2014. However, the phone failed to make a dent in the market. After two months, it went from $200 to 99 cents with a two-year wireless contract. Despite losses, he said his company will continue to experiment and tells people to “stay tuned” about the unpopular Fire Phone.