Myth: Entrepreneurs are risk takers, like Evel Knievel.
The Truth: The derivation of the word “entrepreneur” includes the concept of ‘risk-taking.’ And many people assume that entrepreneurs (small business owners) are risk-takers. But look carefully at this assumption. What kind of risks does a new business owner take that the “average” person working for a company not take?
Which is more risky? Well, you could lose your company if you don’t do a good job of managing cash flow and getting in customers/clients. But, if you worked for a big company for 30 years, you could get laid off just before …read more

Before taking a plunge into a significant change in your life (whether a career change, building a house, investing in a business, or buying stocks), you should consider your capacity for taking chances. You should, first of all, look into your income profile, i.e., what you are presently earning and your capability to grow your earnings in the future. Then, you should consider your age and your health –which modify your overall income profile.
The red area on the bar indicates a poor capacity to take chances, the green area an excellent capacity.
The income figures are benchmarks (where …read more