Hassan Hachem: From courage to risk taking

There are as many risks for the entrepreneur as for the employee. When one is an employee, one is exposed to many risks: the company can close its doors, reorganize itself, set up a social plan, take a direction which is not compatible with the objectives of each employee. .. But when one is an entrepreneur, the level of risk is different not only because there are more decisions "without nets" to take and as many risks of mistakes to make, sometimes serious consequences, but also because the safety net around the contractor is very thin.

In order to obtain financing, the entrepreneur often has to bring his personal property as collateral, he takes the risk of recruiting collaborators, without ever having the guarantee that the company will have enough money to remunerate them or that the recruited collaborators are the good ... and again these are just a few of the risks that the entrepreneur takes.

Hassan Hachem, born in Senegal, serial Franco-Lebanese entrepreneur gives us his analysis on the question.

"The risk is simple, it's the everyday life of the entrepreneur for one good reason: he must make decisions constantly. Since there is no entrepreneur manual that lists the decisions to be made and the mistakes to avoid, the entrepreneur must imagine the right answers and cross the fingers to have made the right choices. It is so much of a burden that many people abandon entrepreneurship after a few years or suffer very much because of the necessity to make decisions and therefore taking risks permanently.

This is paradoxical, as many employees dream of becoming an entrepreneur precisely because they want to be able to make more decisions.

The fact remains that the first quality a business owner is asked for is the courage to make decisions and, therefore, risks at all times. Decisions that are taken without certainty, that often give rise to criticism and that sometimes may not be the right ones.

Normally, with the years, the entrepreneur gets experience and is more and more visionary: some decisions, corresponding to cases, are self-evident. The weight of some decisions becomes less and less of a burden.

Be that as it may, the entrepreneur who evolves in a constantly changing environment where what was true yesterday, is no longer necessarily today. So the first skill of the entrepreneur is the risk analysis. This is, in part, what reward the sometimes significant gains of the entrepreneur. Since entrepreneurship is not a Jackpot, I never take undue risks: I always take the time to analyze the risks in a precise way and I never take any hazardous risks. Sometimes this delays projects significantly, but it drastically reduces the number of failures, and the more the number of failures decreases, the more self-confidence, the easier it is to ... take new risks!