Sunday, April 20, 2008

When it is worth risking

Alan Greenspan talks about Capitalism and Creative Destruction in his book "The Age of Turbulence". It talks about how people need to be constantly improving and how it can be uncomfortable to feel at risk but how at the end, we all profit as it fosters wealth creation and prosperity.

So risk is an interesting topic... it indeed may not feel good every once in a while but as you keep "risking", it just kind of feels "right" and exciting. Risk is not just financial risk and many times, there is also financial risk. Entrepreneurs are in the game to capture rewards and face many different types of risks.

One of the risks involves looking like an idiot... yes, looking like a fool for believing in something and being willing to go after it with an open heart. Risk taking is at the heart of visionary leadership... When we look back and think about the man going to the moon, if you were too young or not born in 1967, you may think it was a logical thing... It was not. There was no proof and no evidence that the man or woman could go to the moon. As a matter of fact, over 90% of the time the NASA team was working on it, they were off track. Often times, you are developing a new software or researching the cure for a disease and it looks like it is going to be impossible.
It is worth taking the risk when you have a vision that is bigger than yourself.

Entrepreneurship is not just about making money or making it in business... Successful entrepreneurs know that... they contribute to their customers, their teams and communities. They do that day in and day out, sometimes working long hours, working when things look hopeless... risking looking like fools because they are committed to making a difference. They are catalysts for change, wealth and value creation... They try a thousand times, like Thomas Edison did when inventing the light bulb, because they know it is worth it.

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