Taking the plunge as an entrepreneur is an exciting and scary step. A world of potential opens up, though the road to fulfilling that potential is full of unexpected turns, corners, obstacles and potholes.
The risks associated with entrepreneurship are vast and plenty, stopping many from going down the path and making others choose an early exit.
Could a risk-based approach to entrepreneurship education provide a solution?
Focusing on risk in trying to encourage entrepreneurship may sound contradictory.
Why focus on risks when you can focus on rewards?
Why focus on the negative when you can focus on the positive?
The answer: because the “perhaps–less-likely-entrepreneurs” may not be as comfortable with risk and require a higher level of assurance.
1. Reducing absolute risk:
The most obvious and immediate risk in entrepreneurship is the investment of both time and/or money. The “what if?” question can be a real head scratcher for budding entrepreneurs: what if I invest my time or my money and I fail?
A risk-based approach would…
