{"id":5101,"date":"2023-02-22T21:06:27","date_gmt":"2023-02-22T21:06:27","guid":{"rendered":"https:\/\/course.oeru.org\/ient101\/?page_id=5101"},"modified":"2023-02-22T21:06:27","modified_gmt":"2023-02-22T21:06:27","slug":"risk-and-reward","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/ient101\/learning-pathways\/the-nature-of-entrepreneurship\/risk-and-reward\/","title":{"rendered":"Risk and reward"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">\n<div class=\"floatright\"><a href=\"https:\/\/wikieducator.org\/File:Risk_dice.jpg\" class=\"image\"><img loading=\"lazy\" decoding=\"async\" alt=\"Risk dice.jpg\" src=\"\/\/wikieducator.org\/images\/thumb\/2\/27\/Risk_dice.jpg\/300px-Risk_dice.jpg\" width=\"300\" height=\"200\" class=\"img-responsive\"><\/a><\/div>\n<p>\n<\/p>\n<p>Anyone thinking about starting a new business or venture of any kind needs to think about possible risks and reward.\n<\/p>\n<p>There are two elements to risk assessment: The likelihood that the bad thing will happen and the impact if the bad thing does happen.\n<\/p>\n<p>A reward is an incentive &#8211; it <i>may<\/i> be financial, but doesn&#8217;t have to be. It could be positive feedback, customer loyalty, reputation, and so on.\n<\/p>\n<p>\n<\/p>\n<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"web resources\" src=\"https:\/\/course.oeru.org\/ient101\/wp-content\/themes\/oeru_course\/idevices\/Icon_inter.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Web resources<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<p>Read these two short articles to learn more about risk and reward:\n<\/p>\n<ul>\n<li> <a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/www.inc.com\/john-brandon\/here-s-why-the-risk-reward-model-works-so-well.html\/\">Here&#8217;s why the risk-reward model works so well<\/a> inc.com, 14 October 2015\n<\/li>\n<li> <a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/www.entrepreneur.com\/article\/243061\">4 examples of risks leading to reward<\/a> entrepreneur.com, 21 March 2015\n<\/li>\n<\/ul>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p>\n<b>WEnote<\/b>\n<\/p>\n<p>Did anything surprise you in these readings? What do you need to think about in particular in terms of risk and reward?\n<\/p>\n<p>Let us know your thoughts. For example:\n<\/p>\n<ul>\n<li> <i>I was most surprised to discover &#8230;<\/i>\n<\/li>\n<li> <i>I think entrepreneurs need to &#8230;<\/i>\n<\/li>\n<\/ul>\n<p>Post your comment(s) below and then look on the <a href=\"\/ient101\/interactions\/course-feed\" title=\"Introduction to entrepreneurship\/IENT101\/Feed\">course feed page<\/a> to see what others have posted.<\/p>\n<p><div><p>You must be logged in to post to WEnotes.<\/p><\/div><br \/>\nIf you prefer you can create a post on your learning journal blog. Be sure to label or tag your post IENT101.<br \/><i>Note: Your comment will be displayed in the <a href=\"\/ient101\/interactions\/course-feed\" title=\"Introduction to entrepreneurship\/IENT101\/Feed\">course feed<\/a>.<\/i><\/p>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.035 seconds\nReal time usage: 0.041 seconds\nPreprocessor visited node count: 124\/1000000\nPreprocessor generated node count: 816\/1000000\nPost\u2010expand include size: 2724\/2097152 bytes\nTemplate argument size: 780\/2097152 bytes\nHighest expansion depth: 7\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:184256-0!*!0!*!*!2!* and timestamp 20230222210626 and revision id 1055612\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/ient101\/learning-pathways\/the-nature-of-entrepreneurship\/innovative-businesses\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/ient101\/learning-pathways\/the-nature-of-entrepreneurship\/competition-or-collaboration\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div id=\"wenote-ids\"><script type='text\/javascript' id='wenotes-ids'>\n    var WEnotesSite = \"https:\/\/wikieducator.org\";\n    var WEnotesPath = \"\/Introduction_to_entrepreneurship\/IENT101\/Nature\/Risk\";\n    var WEnotesSiteID = \"0e3d258fbd36841f92259eefcd41d5e9\";\n    var WEnotesPathID = \"3e6c906927b3c7e4064f8476b1c64678\";\n    var WEnotesIDs = { site: \"https:\/\/wikieducator.org\", path: \"\/Introduction_to_entrepreneurship\/IENT101\/Nature\/Risk\", site_id: \"0e3d258fbd36841f92259eefcd41d5e9\", path_id: \"3e6c906927b3c7e4064f8476b1c64678\" };\n<\/script><\/div>\n<\/div>\n<footer><\/footer>\n","protected":false},"excerpt":{"rendered":"<p>Anyone thinking about starting a new business or venture of any kind needs to think about possible risks and reward. There are two elements to risk assessment: The likelihood that the bad thing will happen and the impact if the bad thing does happen. A reward is an incentive &#8211; it may be financial, but [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":5089,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-5101","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/ient101\/wp-json\/wp\/v2\/pages\/5101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/ient101\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/ient101\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient101\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient101\/wp-json\/wp\/v2\/comments?post=5101"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/ient101\/wp-json\/wp\/v2\/pages\/5101\/revisions"}],"predecessor-version":[{"id":5102,"href":"https:\/\/course.oeru.org\/ient101\/wp-json\/wp\/v2\/pages\/5101\/revisions\/5102"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient101\/wp-json\/wp\/v2\/pages\/5089"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/ient101\/wp-json\/wp\/v2\/media?parent=5101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}