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Global Entrepreneur and Investor | Co-founder & Co-CEO at Eleos Social | Pioneer in Product Development | Transforming Innovation into Profitable Growth
𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐢𝐚𝐥 𝐑𝐢𝐬𝐤 𝐀𝐩𝐩𝐞𝐭𝐢𝐭𝐞: 𝐓𝐡𝐞 𝐊𝐞𝐲 𝐭𝐨 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐒𝐨𝐦𝐞𝐭𝐡𝐢𝐧𝐠 𝐓𝐡𝐚𝐭 𝐋𝐚𝐬𝐭𝐬 For any entrepreneur, the journey isn’t just about having a big idea—it’s about having the conviction and risk appetite to back that idea, even when the stakes are high. True entrepreneurship requires a willingness to put your own skin in the game, not just playing with someone else’s money. In South Korea, we see an approach that reinforces this principle. The government provides substantial support for startups, sometimes covering 70-80% of initial costs, but requires entrepreneurs to personally invest a significant portion as well—often 20-50% of the funding. This balance ensures that entrepreneurs have a vested interest in their ventures' success. It’s a model that says, “𝑾𝒆’𝒍𝒍 𝒔𝒖𝒑𝒑𝒐𝒓𝒕 𝒚𝒐𝒖, 𝒃𝒖𝒕 𝒚𝒐𝒖 𝒉𝒂𝒗𝒆 𝒕𝒐 𝒃𝒂𝒄𝒌 𝒚𝒐𝒖𝒓𝒔𝒆𝒍𝒇 𝒇𝒊𝒓𝒔𝒕.” This balance of risk and accountability is critical for anyone who wants to build something sustainable. Family obligations, societal expectations, and the allure of external funding are real pressures, but if you aren’t willing to take substantial personal risk, it may be time to question your conviction. Entrepreneurs who thrive are those with a high risk tolerance, willing to commit their own resources to their vision. South Korea’s model reflects this mindset perfectly—entrepreneurs show their commitment not by just raising funds but by demonstrating that they’re invested in every sense of the word. At the heart of entrepreneurship lies risk-taking. If you believe in your vision, don’t wait for someone else to take the leap. 𝑳𝒆𝒂𝒅 𝒘𝒊𝒕𝒉 𝒚𝒐𝒖𝒓 𝒐𝒘𝒏 𝒊𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕—𝒇𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍, 𝒆𝒎𝒐𝒕𝒊𝒐𝒏𝒂𝒍, 𝒂𝒏𝒅 𝒊𝒏𝒕𝒆𝒍𝒍𝒆𝒄𝒕𝒖𝒂𝒍—𝒂𝒏𝒅 𝒃𝒖𝒊𝒍𝒅 𝒔𝒐𝒎𝒆𝒕𝒉𝒊𝒏𝒈 𝒕𝒉𝒂𝒕 𝒍𝒂𝒔𝒕𝒔. Picture credit: The Guardian Philippe Petit walked a tightrope between Manhattan’s Twin Towers—arguably one of the greatest risks ever taken by a human. Eleos Social Cubera