Risk tolerance for entrepreneurs

CFA Level III
#1

I understand that those who activley accumulate wealth throughout their life typically have a higher risk tolerance to those who passivley accumulate through savings, inheritence, one time events, etc. but would this be enough of a reason to list when they ask for why the individual can tolerate higher risk?

It would seem to me that it might be kind of wishy/washy since it’s not reflective of all entrepreneurs so it’s best to look for another reason, but just wondering your thoughts.

#2

It’s a plus for willingness to take risk, but not nessecarily tolerance.

#3

Willingness to take risk can drive risk tolerance. If you are absolutely willing to take risk, that’s a reason for having higher risk tolerance (assuming you have the ability of course).