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Article 2: Weigh Risks And Take Your Best Shot
Are some people just born
entrepreneurs, or can anyone learn the ropes?
The debate goes both ways, but it’s clear that
successful entrepreneurs share many
characteristics, however they acquired them.
Chief among them is the willingness to take
risks, say experts and entrepreneurs themselves.
Just launching a business is a big risk, of
course, but taking risks routinely and being
willing to live by the consequences is a mindset
for the successful entrepreneur.
It’s not just any risk, though. “A good
entrepreneur takes a carefully calculated risk.
If the pluses outweigh the minuses, only then do
they take the shot,” says Dave Ratner, president
of Dave’s Soda & Pet City of Springfield,
Mass.
That’s just what Ratner did last fall when he
added a third business to his line of existing
enterprises. Ratner’s new venture, Logo Goes
Here, provide network-quality advertising
for pet stores.
It’s a new field for him, but because of
knowledge gained in his current pet shop
operations, Ratner saw a void in the market. He
weighed his chances carefully, then decided,
“There’s a need for this. I have a solution to
their advertising problem.”
Such willingness to risk everything is often
fueled by the burning desire to achieve. “The
people who are most successful are hungry,”
notes Jeffrey Mayer, author of
Success Is a Journey: 7 Steps to Achieving
Success in the Business Life (McGraw-Hill
Trade, 1998) and founder of a Web site aimed at
entrepreneurs,
www.SucceedingInBusiness.com.
Often those most hungry are first and second
generation Americans, people like Tom Antion.
“When immigrants come over, they have to scratch
for any income at all,” he explains. “For their
kids, taking the risk on your own shoulders for
the greater reward is attractive.”
Antion’s father worked as an electrical
contractor after immigrating to the United
States from Syria, so young Tom absorbed the
entrepreneurial spirit early on. He owned five
apartment complexes and a hotel before
graduating from college.
Later, he owned a nightclub, then an
entertainment company. Today he owns Tom
Antion and Associates Communication Co.,
where he’s a consultant on Internet marketing
for small businesses.
When the going gets tough—and it will soon
enough—it’s that driving hunger to succeed that
makes the successful entrepreneur stick it out
after others quit. As Antion declares, “I am
totally unstoppable.”
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