Entrepreneurs should be encouraged to take risks because they create jobs and benefit the economy at their own expense; fostering an environment where taking risks is acceptable is crucial, as one in fifty entrepreneurs will succeed, and this atmosphere of possibility can multiply opportunities exponentially.
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"How can we help entrepreneurs succeed?" is the question of this week's podcast. Added:
It's also very important to free up entrepreneurs to to go because they take stupid risks. I mean that benefit jobs that benefit the economy at their own expense. And so that's why it doesn't want to be too difficult because it's hard enough as it is.
>> I hadn't really joined the dots between those businesses that you listed off earlier, Carphone Warehouse, Pamonjo, a bunch of others. They were all born out of the same spirit, >> an atmosphere of possibility.
>> Yeah, completely. One leads to three and three leads to nine. And it just is so important. And the reverse happens just as quickly. So it's very important to foster that environment of it's okay to take risks that not so much is stacked up against people starting businesses that you just think you know what I can't manage it because one in 50 will really ignite.
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