The common self-help dichotomy is the safe and mediocre path versus the risky and virtuous one.
Entrepreneurship is risky, but it’s also more satisfying than being a widget producer.
This dichotomy is false. Often the best option is actually the least risky over a period of time.
Take online business for instance. You don’t need to pay any start-up costs, so if it flopped, you would only lose a bit of your time.
Income streams can be splitted through multiple different sources (and you have options of easily pursuing new ones), so be diversified if one stream dries up.
Finally the intangible assets you’ve built up in terms of skills and connections means that, even if the worst case were to happen, you could use those skills to earn revenues elsewhere.
I’m not arguing that you should pursue an online business because it isn’t risky. You should do what you’re passionate about. However, I reject the argument that because I’m taking an unconventional approach to income generation, I’m at a bigger risk.
TO BE CONTINUED….