Is being an entrepreneur risky?
Yes, of course! And so are some other options (being a corporate employee, for example). In my almost 15 years of experience as an entrepreneur, I have made a lot of mistakes, but one thing I have done well is SPREAD THE RISK of my business across different activities and sources. In this difficult year, I was only able to keep my activity stable because my turnover (which dropped to about half of previous years) was distributed between a dozen of clients and partners (accounting for between 5-30% each) as well as different services (executive coaching, intercultural training and other types of training) and currencies (Brazilian Reais, USD, EUR), accounting for between 20 and 45% of the total in both cases. If I depended more on any of these sources, the stability of my business would’ve been in danger.
So, if I may, here goes a piece of advice: If you’re an entrepreneur, like me, or are thinking about becoming one, try not to “put all your eggs in one basket”. If you manage to do this well, being an entrepreneur may not be as risky as it looks!