Legal Structures & Dealing with Risk

Many non-entrepreneurs want to believe that those who are entrepreneurs are also big risk takers. However, that is a myth. Entrepreneurs take the risk of moving from a job with a predictable paycheck to working a new lifestyle whose pay checks are a variable during the start-up phase. In fact, entrepreneurs are in the business of mitigating risks in order to achieve success.

In starting a business, there are many areas that involve degrees of risk, however the entrepreneur’s job is to utilize strategies to avoid or overcome known risks. In its simplest terms, risks are the threats to a business in achieving the organization’s business objectives.