Risk is part of the formula for entrepreneurial success – so is the right financial advice

Many South Africans become entrepreneurs simply because they have to, and it’s a nerve-wracking journey for most

When statistics show that more than 70% of small businesses fail in the first two years, it’s confirmation that starting a business is in itself a risky act. It is not surprising, then, when you review the literature around entrepreneurship that risk tolerance is defined as one of the key traits for a successful entrepreneur.

According to a 2017 study conducted by Harvard Business School...