Entrepreneurs are risk takers, willing to roll the dice with their money or reputation on the line in support of an idea or enterprise. They willingly assume responsibility for the success or failure of a venture and are answerable for all its facets.

Later in life, when I'm retired and have a family of my own and will be able to send my kids to college, that's when I'll start spending. Way too many athletes go broke these days, and I like saving my money so that I can ensure my family and friends currently and after me will never have to endure some of the things I did when I was a kid.

The profession is never going back to those days when a handful of wealthy people treated publishing like a hobby: one where the business can lose money because the family has lots of it to burn. Frankly, I don't think that model was ever sustainable, and it really only enriched a small number of writers.

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