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Risk Wisely

In: The Researcher Entrepreneur

Author

Listed:
  • George Vekinis

    (National Centre for Scientific Research Demokritos)

Abstract

Running a company involves taking many risks, but starting up a new company involves many more risks, nearly all critical. But you can’t win as an entrepreneur unless you are willing to take well researched, calculated, and weighed risks. This means that since all business ventures have risks associated with them, one of your preparatory activities as an aspiring entrepreneur should include a detailed study of all potential risks, as well as clear identification, as early as possible, of the means and solutions to manage these risks, i.e. the means to minimise them or mitigate them.

Suggested Citation

  • George Vekinis, 2023. "Risk Wisely," Management for Professionals, in: The Researcher Entrepreneur, edition 2, chapter 17, pages 81-85, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-031-44358-9_17
    DOI: 10.1007/978-3-031-44358-9_17
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