Nothing ventured, nothing gained!
I was speaking to a group of students recently and was asked a question about some of the characteristics that entrepreneurs have that make them successful. One of the first things that came to my mind was that entrepreneurs like myself are not afraid to take risks even when we know failure is a potential outcome. By its very nature entrepreneurship is very risky. The majority of small business fail in the first year or two of operation. You can’t really play it safe when you’re an entrepreneur because you must constantly evaluate what your customers/clients need, what you can deliver and how to find your way of doing that in a unique way in your industry.
Some of the risks I have taken as an entrepreneur have turned about better than others, but I would never know the success of any of those risks had I never taken them in the first place!
I frequently read business and entrepreneurial stories and one of the best parts about any success story is learning about the risks individuals take at the very beginning of their entrepreneurial journey. Those risks are usually the ones that become total game changers for them!
Simply stated, the main reason people are afraid to take risks is because they become consumed with the monkey-chatter in their heads telling them that they may fail. Sure, you may fail, but you may also succeed. What is guaranteed, however, is that you will never know unless you try.
A little note about failure: Failure isn’t always a bad thing. Remove the negative energy you give to the concept of failure. Instead of looking at it as a bad thing, realize that failures are nothing more than learning opportunities and a chance to begin again with a new perspective!!
Dr. Carmen April is an entrepreneur and community leader recognized as a 2014 Nashville Emerging Leader Award (NELA) Winner, a 2013 Nashville Business Journal Top 40 Under Forty Award Recipient and is a 2014 Graduate of the New Leaders Council Institute – Nashville Chapter. Dr. April is available for speaking engagements on Entrepreneurship and Life Leadership for College Students and Young Professionals.