Entrepreneurship involves some elements of risk, however small and medium-sized businesses (SMEs) need to focus on the "gain all" before the "lose all", according to one expert.
A spokeswoman for the British Association of Women Entrepreneurs (BAWE) said last week it is not always difficult to find funding and true entrepreneurs should be willing to take risks.
President of BAWE Tanya Hine said although grants are often available to SMEs they can often provide a false sense of security and that raising your own funding is a much better option.
She added that taking chances is easier for some than others and that SMEs need to be careful on how they view potential risks.
"You must be able to know that it is risky and you could lose all, but you could gain all. But always be positive and the 'gain all' should always come before the 'lose all'."
The 2005 Global Entrepreneurship Monitor commissioned by the Department of Trade and Industry revealed that the UK's Total Entrepreneurial Activity index level was 6.2 per cent in 2005, compared to 12.4 per cent in the US.
