No-Risk Taking Entrepreneur !

Is it possible to be an Entrepreneur without risk taking ability ? Every one may say - 'NO'

But, lets see how can a person with no ( or atleast Low) risk taking ability can become an entrepreneur.

Idea : Having some business idea is a must for an entrepreneur. Presume that you have an idea, which may work or may not work! ( When you are thinking that it may may not work, you are already playing safe :-)

Identify who can fund you : Without money you just can not do anything. Look around and find some High Net worth Individual or a distant relative who can give some money and may not kill you for not returning money.

Approaching for funding :

• Your idea is your sweat equity and bargain for majority stake as the partner willing to invest may not have much idea of what you are going to do. In the worse situation you may accept 50:50 if you are not investing a single Penny.
• Build that rosy Single page Excel sheet and some graphs that confuse others. HNI/Relatives often may trust you, not your excel sheets anyway.
• Show that you don't 'waste' money. Work from home or convert some part of home as office till the company grows to 5-6 people company. This lets our man with money bag to give you more money.

Hiring People :

Hire some good people. If you are lucky, you may get dedicated and sincere people who prefer to be employees forever and may not demand any stake in the company. If someone asks for shares while joining , don't bother much. If some one is asking for stake, they may get restless and not have patience till your venture becomes successful.

Managing Company Growth

Are you happy with the bottom line of the company and profits? If you want to grow more, you need to invest more. You need to sacrifice your dividends and all your profits need to be pumped back into the system. Do this if you are confident of making more revenue and more profits. Do you want to take more strain or enjoy profits? Its your call! Generally, if you don't take much risk , the chances of making loss is less, though the growth rate will be moderate.

Managing 'your' Growth

The purpose of starting your business is to make money. Lets be clear. And that too without risk. Your business kickstarted with funding by some one. And you grew slowly. Expenses become more. Yet you are making some profits. You may have already preferred to invest in your personal property and shares and other Investments, 'somehow' ( I can guide you how 'somehow' people make money :-). Don't show off and keep telling how you sacrifice for the company. No one will ever know your property details. Don't worry.

Conclusion: Often low/no risk taking people manage finances well. They generally have luck too in their favour. Their ambition for growth for self is more than the company. If you are reporting to such entrepreneur, be happy with what you get. Though they talk about vision and mission to grow big, it is just word ! Typically they will go for limited growth for company.

Disclaimer: I have not come across any one like that. This just a figment of my imagination. Any resemblance to any person living or dead is just co-incidence.