Business is all about risk.
That’s what makes us entrepreneurs.
People who have a low tolerance for risk choose a stable and predictable income.
It’s called a salary.
It always comes in at the end of the month.
And that’s why most people prefer it.
But if you choose to build a business, you’re taking a risk because there are no guarantees on how much money you could make.
You could make a lot of money — bigger than any salary anyone can pay you.
Or you could make nothing.
That’s exactly what risk is.
Risk is the likelihood of not getting the outcome you want.
So, if you plan to succeed in business, you need to take risk seriously.
More importantly, you must know how to IDENTIFY and MANAGE risks very well.
Those entrepreneurs who don’t have this skill usually fail several times and learn the hard way.
That’s why you need to listen to this episode. 👇
In this week’s episode of the Smallstarter Business Podcast, I explore the 7 MAJOR RISKS you must consider in business.
It doesn’t what kind of business you have — or plan to start.
These 7 risks can cause significant [negative] impact on your business and cause you to lose part or all of the money you’ve put in.
You’re going to learn a lot from this.