By: MJ Gonzales | Executive Chronicles
What the investor, gambler, and business have in common? The answer is not only money, but they’re willingness to take risk in order to become successful. In numerous reports about the common traits of billionaire businessmen, being risk taker is always part of the list. What they’re exactly exchange to earn profit in the return?
In the book of Robert Jordan entitled “How They Did It: Billion Dollar Insights from the Heart of America” risk taking emerges as a strong factor among businessmen that lead them to become achievers. Jordan shared that Vince Pettinelli, one of the 45 founders and movers he asked, resigned from his stable job in a Mental Health facility in Ohio because he wanted to establish his own company PeopleServe, Inc. Pettinelli experienced tough times including convincing his wife, but still pursued his dream and earned $200 million when he sold it to ResCare.
“Many people go about business in a very cautious way, through networking and things like that. That’s not what these people did. They actually had a moment where they had to take a risk, and they did it,” Jordan mentioned.
Through the years numerous individuals become renowned not only because of their billion –worth assets, but because they defy obstacles in their ways. This is what people see in Bill Gates and his Microsoft and Ellon Musk and his quest post-Paypal to establish Telsa Motors and SpaceX.
According to Inc., there are reasons in businessmen’s penchant in risk-taking. Doing this doesn’t mean you have to breakaway totally from your comfort zone. Perhaps risk-taker are just aggressive to learn and execute their plans like adapting in latest trends in technology. If you become accustomed to seeking challenges, you can elevate from being a risk-averse.
“Understand where you’re comfortable and where you’re not comfortable, and continue to push your own boundaries into an area that’s less comfortable,” Jason Hanold, CEO of executive search firm Hanold Associates in Chicago, said in interview with Inc.