In business, you can never allow
yourself to get comfortable with the status quo, because it is always
changing. Surprises may be fatal to your business.
Risk is inevitable,
avoiding risk impossible. Risk management is the key, always tilting the
venture in favor of reward and away from risk.
Identifying and Managing Risks
opportunities are associated with risk, the biggest risk is to miss
them. Risk results usually not from unpredictability but from ignorance.
The more you know about what you are doing, the less risk you run. If
you can define risks, you can limit them. Look back on any opportunities
you missed and use your past mistakes to learn
how to recognize opportunities.
At any its development stage,
the company faces the five major risks that change in nature as
financial risk; and
team and management risk.
You cannot avoid these risks, but you can manage them.
technological idea generation, the company evolves in several stages:
Problem-Solution-Action (PAS) Business
Development e-Coach will lead you through your company's growth
stages and will help you to manage the risks you face and turn them into
Smart & Fast
3 Strategies of Market Leaders,