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Entrepreneurship ... Risk and Reward

When I write a blog entry I don’t like to write about situations that “just happened” or about events that get me agitated!   Not because I don’t think they are good topics but more because when I write I try to do in a balanced way, having considered the situation carefully.  Many times people have assumed that what I wrote was referencing them or their actions directly, and almost invariably they are wrong.  Very occasionally they are partly right, because their “incident” might have sparked an idea which I developed based on  numerous situations.

Today I was having a little “writers block” so I went looking for some inspiration … and as so often happens it was Seth Godin who got me thinking.  He wrote a blog entry called Living With Doubt… which struck me as an excellent description of the entrepreneurial mind as any I have read.  As usual he accomplished more in a couple of sentences than I could in a page!

I have been spending time with my boxing coach recently.  A 26 year old entrepreneur who likes to downplay his accomplishments but its refreshing to talk about business with him.  He talks about one of his early “Ah ha!” moments … while he was providing some evening boxing coaching “one on one” to a doctor,  “I suddenly thought, why am I working at the credit union for $10 an hour, when I get $70 an hour for doing this … and I love this!

What he doesn’t see is that as an entrepreneur it was an easy decision … but for many people that decision would be too risky!

Seth’s point is that without accepting risk you miss out on opportunity … learning to embrace risk open doors!

So … to be clear, this blog was inspired by recent events.  Seth Godin’s clear insight on his blog and Matt Whittaker’s thoughts on entrepreneurship.  Credit where credit is due!