"He who does not risk does not win" is often the philosophy of successful entrepreneurs. Calculated risks require courage and intelligence, but also the ability to accept the uncertainty that comes with it.
Risks do not always work well, nor do they generally work as you first imagined; therefore, you must be able to flow as your company changes. There will be failures along the way, but as these entrepreneurs have shown, there are also great rewards.
Here are five entrepreneurs who accept and master risk today:
Elon musk He is the co-founder of PayPal, which for many entrepreneurs would be enough to build a successful career; but for him it was not like that. Musk also created Tesla Motors, the electric car company whose shares grew 625 percent in 2013, compared to 2012; and Space X, the first private company to send and dock a space shuttle on the International Space Station. He is also a co-founder of Solar City, a residential solar panel provider.
With so many “out of this world” achievements, even infographics circulate that define it as the Tony Stark true. What's the trick? Tons of hard work, calculated risks, and acceptance of failure. Elon summed up all of this in an interview with him in January 2005: “There is a silly notion that failure is not an option at NASA. Failure is an option there. If things do not fail, it is because you are not innovating enough ”.
Richard Branson He is commonly known as the risk taker among entrepreneurs. The famous Virgin founder has broken into just about everything from starting his own phone service with Virgin Mobile, to revolutionizing the airline industry with Virgin Atlantic and Virgin America. Since Sir Richard was young, he has developed many business ideas that involved loving and learning about risk.
With that successful career also comes many failures. But Branson says it's the secret to his success. He recently shared in a column that “Few startup projects work. The way a novice entrepreneur deals with failure is what sets him apart from others. In fact, failure is one of the secrets to success, because some of the best ideas come from the ashes of failed businesses. "
Don't be afraid of risks - take on yourself and see what happens.
Brian Armstrong and Fred Ehrsam. Although their names are not well known yet, their companyCoinbase It has gained a lot of traction and interest as of late. Taking to the alternative digital currency market by creating their own digital wallet, Brian and Fred are perhaps one of the biggest risk takers today.
Create a secure and global wallet for users to buy, use and accept bitcoin it is not easy at all. As in the early years of banking in the West, the digital currency is in its early stages and remains highly susceptible to threats from hackers and cybersecurity. However, with two years and over a million wallets downloaded, Coinbase is leading the way in creating a bitcoin-friendly global economy.
Drew Houston. If you are one of the more than 175 million people who use DropboxThen you can thank this entrepreneur for taking the risks that allowed him to take his company to where it is today. Drew was an MIT student tired of using USBs and sending himself emails to save information and share it between computers. He co-founded Dropbox in 2007 to allow access to files through any device using what we call "the cloud."
However, this was not a straight path to the billionaires list. Houston had to find a co-founder before gaining the support of his colleague at MIT, Arash Ferdowsi. Then came that epic head-to-head battle in 2011, with nothing less than Steve Jobs, who personally let him know that he would take the Dropbox market and dominate it with his iCloud service. The risk may mean a bumpy road, but in the end Houston would say it was worth it.
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