Mitt Romney recently suggested that the young take more economic risks.  (http://news.yahoo.com/romney-urges-young-people-economic-risks-224913327.html )  *Note that MBAbullshit.com does not support any particular candidate or party; although we are definitely in favor of entrepreneurial and/or business career success.

Anyway, what does this mean for us business students or executives or entrepreneurs?

Does being a “risk-taker” or “non-risk-taker” really help define whether you can be an entrepreneur or not? Or whether you can be a successful entrepreneur or not?

In my own humble opinion, the answer is yes and no.  Yes, we need to take risks.  However, my (very personal) definition of a kick-ass entrepreneur is someone who’s both successful and obsessive about increasing the potential for profit while chopping down risk as much as possible.  This not only means investing very LOW capital, but also NOT HAVING TO QUIT YOUR DAY-JOB OR SCHOOL.(Actually, they can work well together…)

Luckily, we live in very interesting times, where we have great opportunity to set up great businesses with very great profit-potential using VERY low capital ONLINE; and just using great ideas based on our own inherent super-skills (i.e. great idea: this site; my inherent super-skill: explaining super complicated topics in a super simple way).   I’m sure you have your inherent skill too somewhere.  I eventually want to set up another site helping business students or graduates set up their own successful online businesses with extremely low investment. (Honestly, it completely puzzles me why so many startups need to raise so many millions of dollars from venture capitalists and give up such a big portion and control of their companies. )

How about you?  Do you dream of setting up your own online biz for very low capital?