ENTREPRENEURSHIP

Detailed explanation-1: -Being a risk-taker is often described in contrast to those who are risk-averse. Being a risk-taker, as defined above, means being bold, decisive, confident, courageous, creative, innovative, and comfortable with uncertainty. Being risk-averse, in contrast, means making decisions that are the least risky.

Detailed explanation-2: -Calculated risk-taking is operationally defined as “The ability to deal with incomplete information and act on a risky option, that requires skill, to actualize challenging but realistic goals.” When you talk to people about what it means to be a “risk taker, ‘’ most people will begin describing daredevils and gamblers.

Detailed explanation-3: -Calculated risk in business is defined as, “…a carefully considered decision that exposes a person to a degree of personal and financial risk that is counterbalanced by a reasonable possibility of benefit.”

Detailed explanation-4: -Investors are usually classified into three main categories based on how much risk they can tolerate. They include aggressive, moderate, and conservative.