His commentary throughout the entire lecture was interesting and I enjoyed listening to him speak. We discussed several risks as well as benefits of being an entrepreneur and what it takes to be one. Based on data from his lecture, we learned that many entrepreneurs start in large companies and later move to a smaller company or even work for themselves. This allows them to be happier, to become more independent, and to make more money. In a large business, you could very easily lose your job, but as an entrepreneur, the loss of a few customers is minute compared to the number of customers you could keep.
Entrepreneurs are always on call.
There are several risks involved as well that can be a hinderance to one's life. He told his story of living a meager life to save money which he later invested in a business. It did alright for a while, but later was a flop. However, after the emotions about losing his savings died off, he realized that he didn't have much money to start with anyway. Another risk is a career risk.