On intelligent risk-taking......

Ben Casnocha writes about the jammed "career escalator."  Us
old-timers not wanting to get off, forty-somethings stuck in the
middle, and recent graduates struggling to get on.  He suggests
that the employment model of the last century is hopelessly
broken; that it is way past time to stop "job hunting" and time to
begin" investing in ourselves."  That he is plugging his new book
takes nothing away from the importance of his message.  Full
post is here.  Risky excerpt is here:

Risk wasn’t a relevant concept in the days of the career escalator. The idea was to avoid risk, and avoid “high risk” career moves like freelancing. This is exactly opposite of how winners think today. Every opportunity contains downside risk. To effectively exploit opportunities, you have to be take on the right kind of risk, and manage it prudently. In so doing, you build resilience to the seismic industry and competitive changes that destroy professionals on a more brittle ”low risk” path.

There is an entrepreneurial approach to intelligent risk taking, and you may be surprised at how different it is from the stereotyped bet-the-farm, throw caution to the wind approach that people tend to think of when they think of entrepreneurs.