Ed Dunens, CC BY 2.0, via Wikimedia Commons
When you talk to people about what it takes to be an “entrepreneur,” most people will say you need to be a risk taker.
When you talk to people about what it means to be a “risk taker,” most people will begin describing daredevils and gamblers.
In both cases, these answers are at best incomplete if not totally incorrect.
Risk taking is fundamental to sound investing. Without risk, there could be no return. It’s Continue Reading “Why It’s Important You Become A Calculated Risk Taker”
Why It’s Important You Exhibit Creative Tendencies
Thanough, CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0>, via Wikimedia Commons
Many aspiring entrepreneurs feel the creative urge represents the most important trait for success. Many great ideas, though, never become viable businesses.
Take a look at some of the greatest entrepreneurs of all time.
Did Henry Ford invent the automobile? No. Nicolas-Joseph Cugnot first produced a steam-powered automobile in 1769.
Did Steve Jobs and Steve Wozniak invent the microcomputer in 1979 with the introduction of the Apple ][ computer? No. The French team headed by François Gernelle within a small company, Réalisations & Etudes Electroniqes (R2E), created what they called the “Micro-ordinateur” in 1973.
Did Ray Kroc invent the fast food hamburger joint? No. Most point to White Castle’s 1921 opening of its original location in Wichita, Kansas, as the first fast food hamburger franchise. Heck, Kroc didn’t even invent McDonald’s. He bought the restaurant from founders Dick and Mac McDonald after becoming the chain’s franchising agent in 1955.
What is the importance of creative behavior?
It’s not the ability to come up with an original idea that wins the day. It’s the ability to take Continue Reading “Why It’s Important You Exhibit Creative Tendencies”