Entrepreneur
Risk Management – The Connection Between Military Experience and Entrepreneurship

Risk Management – The Connection Between Military Experience and Entrepreneurship

Managing risks is what much of the military is about. The military has to look at efforts and results in the same way an entrepreneur looks at efforts and results when evaluating an opportunity. The military is constantly looking at the risks associated with deploying forces and equipment in order to achieve an objective—every mission assesses its risks. As an entrepreneur, I use the same skills to manage my capital and work force to achieve financial goals and limit losses. I learned to look at the competition, challenges, and potential outcomes. Just as I learned in the military, I weigh various factors involved with a decision in order to make the best choices based on potential risks and rewards. Having poor risk evaluation skills in business or in the military can clearly lead to disaster.

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