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Chase Jarvis on Why Embracing Risks is Necessary for Creative Success
The Daily Stoic
Entrepreneurs: Masters of Risk Mitigation
Entrepreneurs are often mischaracterized as risk lovers; instead, they are effectively mitigators of risk. Their primary role involves managing risks by balancing various factors to increase the likelihood of success. Investors share this risk mitigation perspective, as they engage in ventures where outcomes are uncertain. If success were guaranteed, there would be no need for investments. Insightful entrepreneurs recognize that the true nature of entrepreneurship involves navigating and reducing risk, akin to peeling the layers of an onion, illustrating that entrepreneurship is more about strategic risk management than reckless abandon.
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