A
risk is made up of a kind of danger having either a vulnerability or
more one which will lead to having a non-positive impact on either an asset or
more by being of harm to them, while risk taking on the other hand
describes the act of being willing to take an action on the grounds that there
is a possibility of perceived gains or losses. Therefore, an entrepreneur who
is classified as an open risk taker can be described as someone who is willing
to take an action despite the probability of obtaining a negative result, yet
forges ahead with the mindset of acquiring gains instead of losses. Some risks
entrepreneurs take include the abandoning of a steady paycheck when starting
the business, sacrificing personal capital, betting or gambling crucial
deadlines and investing personal time and health.
An example of a notable and successful
entrepreneur that was a great risk taker is Donald Trump.
Observing Donald
Trump from the external, he always appeared as someone who is on top of the
world as a result of the success of The Apprentice (Trump’s TV show), his vast
and expansive business empire, not forgetting his fortune running in billions
of dollars. However, there used to be a point in his life where he dealt with
personal bankruptcy but he was able to totally clear these debts off his name
within a remarkable period of just four years. He also reduced immensely the
debts that were linked to his business and still even went ahead to create a
merge for a number of his business he had interest in, growing all these into a
public company. It has however quite evident that when mentioning the names of
successful entrepreneurs that understood that risk taking could either be a big
gain in business or a big loss, Trump is good example to be motivated by. Speaking
of a fact, it is his huge drive to take risks that brought Trump to the level
of success he has attained till date. Today, Donald Trump is one of the
presidential candidates for the United States in 2016.
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