Taking risks is a big part of entrepreneurship and it is important to not be afraid of risk.\u00a0 I am a finance major so a rule of thumb is higher risk higher reward.\u00a0 I think that taking big risks right off the start may not be the best way to do it but I think there is a definite way to work up to that point.\u00a0 For example, when you are first starting to be an entrepreneur find lower risk ways to make money and start a company that might not have a lot of overhead or risk.\u00a0 Then if you can get that to succeed you can reinvest money to expand.\u00a0 Investing more money into a business is equivalent to increasing risk but like I said earlier, higher risk higher reward.\u00a0 Another route is being an independent contractor.\u00a0 For example, you can reduce your risk by working for an already established company but also doing your own thing.\u00a0 For example, an\u00a0 insurance salesman in my hometown sells insurance for nationwide and he has talked about the benefits of working for an already established company because you have less risk.\u00a0 According to him he is considered an independent contractor and does not have to deal with all aspects of the business, he instead goes out and sells on his own time using his own resources but he does not have to deal with as much of the behind the scenes stuff.<\/p>\n","protected":false},"excerpt":{"rendered":"
Taking risks is a big part of entrepreneurship and it is important to not be afraid of risk.\u00a0 I am a finance major so a rule of thumb is higher risk higher reward.\u00a0 I think that taking big risks right off the start may not be the best way to do it but I think […]<\/p>\n","protected":false},"author":663,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9206","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/gccwebsites.com\/startupsales\/wp-json\/wp\/v2\/posts\/9206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gccwebsites.com\/startupsales\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gccwebsites.com\/startupsales\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gccwebsites.com\/startupsales\/wp-json\/wp\/v2\/users\/663"}],"replies":[{"embeddable":true,"href":"https:\/\/gccwebsites.com\/startupsales\/wp-json\/wp\/v2\/comments?post=9206"}],"version-history":[{"count":1,"href":"https:\/\/gccwebsites.com\/startupsales\/wp-json\/wp\/v2\/posts\/9206\/revisions"}],"predecessor-version":[{"id":9207,"href":"https:\/\/gccwebsites.com\/startupsales\/wp-json\/wp\/v2\/posts\/9206\/revisions\/9207"}],"wp:attachment":[{"href":"https:\/\/gccwebsites.com\/startupsales\/wp-json\/wp\/v2\/media?parent=9206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gccwebsites.com\/startupsales\/wp-json\/wp\/v2\/categories?post=9206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gccwebsites.com\/startupsales\/wp-json\/wp\/v2\/tags?post=9206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}