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Successful Entrepreneurs Know the Difference Between Taking Chances and Taking Risks

Posted by Brian Fielkow on Aug 1, 2018 9:58:36 AM
Brian Fielkow

An outsider might think that entrepreneurs take chances. That’s simply not true. They take risks -- and there’s a profound difference.

You’re taking chances if you act on the assumption that everything will go your way, if you rely on variables that are outside your control, if you do not understand the fundamentals of the market you are about to enter, and if you cannot measure your actions.

Topics: Management