The risk tolerance is that any entrepreneurial activities are risky. Many people have innovative unique ideas. However, not all the ideas can translate into business or commercial success. There will be certain kinds of losses that would be associated in venturing a particular operation.
From this it can be assumed that the people who in general would want to meet the goals must also be able to face the risks (Frederick, Kuratko, & Hodgetts, 2006). The risk tolerance level must be in accordance with the growth expectancy of the company. Rydge has been credited as the ultimate long-term investor. Most of his investments are under his control for many decades (Krupp & Schoemaker, 2014). This led to some of the biggest falls of his wealth. He has been involved in rewriting for many years from 2008. The wealth of Rydge had reached an all-time high in the year 2007. His assets are now worth more than $1.1 billion. This was a rise from $25 million to a billionaire in 2013. His life shows an example of how to take risks and how to be benefitted in the process. These are the important allusions that can be made from the analysis of Rydge. The risk tolerance level is imperative for the growth of the entrepreneur. It is evident that these factors had enabled the growth of the entrepreneur. There are important allusions and factors that can be considered in this paradigm. These are some of the important qualities that must be possessed by a successful entrepreneur (Krupp & Schoemaker, 2014). A systematic definition and theoretical model for these factors have been discussed in the sections below.
3 Critical Analysis of Entrepreneur
One of the most important and integral quality that an entrepreneur needs to develop is motivation. The terms entrepreneur and entrepreneurship are developed as a point of interest. Initially, when the term entrepreneur was introduced, it was viewed as an individual who would take up risks to address the issues. Subsequent to this, a number of theories have been developed to ensure the growth of the entrepreneurship. These have been explored in the following.