Week 8

This week, from my adult friend Eric, I learned about risk-taking in entrepreneurship. Starting a business always involves some level of risk, whether it is financial, personal, or professional. We were talking about his business that failed called stencil wash. We discussed how entrepreneurs have to make decisions even when there is uncertainty. However, successful entrepreneurs do not take random risks. They research, plan, and calculate the possible outcomes before making a move. I learned that failure is also part of taking risks and can actually help you grow. Instead of being afraid of making mistakes, entrepreneurs learn from them and improve. This helped me understand that risk is not something to avoid, but something to manage wisely.


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