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Successful Entrepreneurs Advice on taking Risks in Business

Business is a risk and risk is something most people dread. Avoidance of risk is the reason why most people shy away from building a business; it’s also the reason why most people choose to remain the same.

But risk taking is also the reason why Bill Gates, Henry Ford, J. Paul Getty, Cornelius Vanderbilt and John D. Rockefeller became the richest people on earth. High risk bearing capacity is the reason why some people become billionaires and others remain average.

Are you a risk taker? Do you avoid risk or embrace risk as part of life? Rather than press you for answers; I will allow the successful entrepreneurs and drop out billionaires of this world share their own view on business and risks. If you are still ready to learn, then read on as the successful entrepreneurs drop share some advice on taking risks in business.

                Successful Entrepreneurs Advice on taking Risks in Business

 

1.            "He that observes the wind shall not sow and he that regards the clouds shall not reap." – The Holy Bible

2.            "The first man gets the oyster, the second gets the shell." – Andrew Carnegie

3.            "The wise man put all his eggs in one basket and watches the basket." – Andrew Carnegie

4.            "A little more moderation would be good. Of course, my life hasn't exactly been one of moderation." – Donald Trump

5.            “What I admire most are people who put themselves directly on the line.” – Donald Trump

6.            “It pays to trust your instinct.” – Donald Trump

7.            "To win big, you sometimes have to take big risks." – Bill Gates

8.            “We bet the company on Windows and we deserve to benefit. It was a risk that paid off immensely.” – Bill Gates

9.            “Even a mouse keeps three holes.” – The Mafia Manager

10.          “When you skate on thin ice, skate fast.” – The Mafia Manager

                Successful Entrepreneurs Advice on taking Risks in Business

 

11.          "It is better to strike while the iron is hot." – Henry Ford

12.          "If I lose a billion dollars, I will have it back in less than five years." – Henry Ford

13.          "If you see a snake, just kill it. Don't appoint a committee on snakes." – Henry Ross Perot

14.          “We rely on our own strength and our own will.” – Ingvar Kamprad

15.          "Buy when everyone else is selling and hold when everyone else is buying. This is not merely a catchy slogan. It is the very essence of successful investments." – J. Paul Getty

16.          "You must take risks, both with your own money or with borrowed money. Risk taking is essential to business growth." – J. Paul Getty

17.          "Seek advice on risk from the wealthy who still take risks, not friends who dare nothing more than a football bet." – J. Paul Getty

18.          "Without the element of uncertainty, the bringing off of even, the greatest business triumph would be dull, routine and eminently unsatisfying." – J. Paul Getty

19.          It’s very important for entrepreneurs to be realistic. So if you believe on that first day while you’re writing the business plan that there’s a 70 percent chance that the whole thing will fail, then that kind of relieves the pressure of self-doubt.” – Jeff Bezos

20.          “We are willing to go down a bunch of dark passageways, and occasionally we find something that really works.” – Jeff Bezos

                Successful Entrepreneurs Advice on taking Risks in Business

 

21.          “Things never go smoothly.” – Jeff Bezos

22.          "Don't be afraid to give up the good to go for the great." – John D. Rockefeller

23.          "The way to make money is to buy when blood is running in the streets." – John D. Rockefeller

24.          "You have to act and act now." – Larry Ellison

25.          "Everyone thought the acquisition strategy was extremely risky because no one had ever done it successfully. In other words, it was innovative." – Larry Ellison

26.          “You realize that life is short and fragile; and when you are facing walls of water, you understand your own mortality can change and how quickly things could change.” – Larry Ellison

27.          "Dare to risk public Criticism" – Mary Kay Ash

28.          "Most people live and die with their music still unplayed. They never dare to try." – Mary Kay Ash

29.          "Follow your instincts, that's where true wisdom manifest itself." – Oprah Winfrey

30.          “I did 30 Minute Meals for five years on local television, and I earned nothing the first two years. Then I earned $50 a segment. I spent more than that on gas and groceries, but I really enjoyed making the show and I loved going to a viewer’s house each week. I knew I enjoyed it, so I stuck with it even though it cost me.” – Rachael Ray

                Successful Entrepreneurs Advice on taking Risks in Business

 

31.          “You have to be open-minded when those early opportunities present themselves; take advantage of them whether they’re going to make you a lot of money or not.” – Rachael Ray

32.          “Remembering that I'll be dead soon is the most important tool I've ever encountered to help me make the big choices in life. Because almost everything — all external expectations, all pride, all fear of embarrassment or failure – these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.” – Steve Jobs

33.          I started The Body Shop in 1976 simply to create a livelihood for myself and my two daughters, while my husband, Gordon, was trekking across the Americas. I had no training or experience and my only business acumen was Gordon’s advice to take sales of £300 a week. Nobody talks of entrepreneurship as survival, but that's exactly what it is and what nurtures creative thinking.” – Anita Roddick

34.          "Experience taught me a few things. One is to listen to your gut no matter how good something sounds on paper. The second is that you are generally better off sticking with what you know and the third is that sometimes, your best investments are the ones you don't make." – Donald Trump

35.          "Starting a business is like building a ship and embarking on a voyage, armed with a plan, a map and a team. You have to sail with uncertainty against storms and unpredictable weather. If your ship sinks, it's either you quit or you swim back to shore, build a new ship and sail again." – Ajaero Tony Martins

36.          "What's coming will come and we will just have to meet it when it does." – J. K. Rowling

37.          "What's the worst that could happen? Everyone turned me down; big deal." – J. K. Rowling

38.          "If you want to go broke; go it big. I will prefer to lose a billion dollars than to lose a million dollars." – Ajaero Tony Martins

39.          It’s very important for entrepreneurs to be realistic. So if you believe on that first day while you’re writing the business plan that there’s a 70 percent chance that the whole thing will fail, then that kind of relieves the pressure of self-doubt.” – Jeff Bezos

40.          “We are willing to go down a bunch of dark passageways, and occasionally we find something that really works.” – Jeff Bezos

                Successful Entrepreneurs Advice on taking Risks in Business

 

41.          "Follow your instincts, that's where true wisdom manifest itself." – Oprah Winfrey

42.          "Screw it, let's do it." – Richard Branson

43.          “If you are trying to do something for the first time, it’s always an enormous challenge, and there is no guarantee of success. You never know with these things when you’re trying something new what can happen. This is all experimental.” – Richard Branson

44.          "Risk comes from not knowing what you are doing." – Warren Buffett

45.          Risk is part of God’s game, alike for men and nations.” – Warren Buffett

46.          “Risk can greatly be reduced by concentrating on only a few holdings.” – Warren Buffett

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