Quote:
Originally Posted by Sliver
It's easier to take risks if you have a safety net. Purely anecdotal, but my most entrepreneurial friends are also the ones that came from wealthier families. They can afford to take risks, because they won't be in line at the soup kitchen if their business fails. They can also afford - through parental help - to wait out the typical phase of unprofitability that usually accompanies the start up of a business.
If your parents buy you your car, put a downpayment on a house for you, give you a graduation present of money, pay for your university, etc., you are going to be in a way better position to start a business and "take a risk".
These are the same friends that completely inflate their own awesomeness in how they achieved success so early, too. I do believe we're all like that, though. I think there is more clarity looking up at the advantages others had over you than looking down at the disadvantages of those "beneath" you.
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That can be true if you want. But again, if you have never risked any of your own capital, you don't know what it's really like. Risking money is much harder when you have something to lose. I started with 10k in change from tips and the easiest thing ever was to roll that 10k dice because it didn't matter that much. Now I could lose 10k and it still won't matter but psychologically it is much harder to do so.
Almost every successful business person I know has left something that would have provided them security in favour of something unknown. That's the hard part. The people I know with good jobs and some savings wouldn't give that up for anything and thus will always be able to pay their bills but will never be successful in business.