Entrepreneurship is a confusing concept and may be one of those things that it is easier to recognize when we see it than it is to define. Steve Jobs, of Apple, was clearly an entrepreneur – he had an idea and he did not hesitate to pursue that idea even though there was the possibility – maybe a significant possibility – that he might not be able to make that idea a success.
If entrepreneurship is about taking risks, how can someone know if the risk is worth taking? Are entrepreneurs people who don’t care about risks? Are they people who are willing to take risks with little regard for the consequences? Or are they people who are able to accurately gauge the risks that they are taking and who are confident that the risks that they are taking are reasonable?
Can you think of an entrepreneur (other than Steve Jobs) who took risks and won?