Risk Management for Entrepreneurs

Markus Biegel, Entrepreneur, Business, Risk Management
Copyright: Markus Biegel

Risk Management
“Things can and will go wrong. It is better to anticipate the problems than be slapped behind your head with them.” - Markus Biegel

5 Tips to Manage Risk for Entrepreneurs: 
  1. Assume that whatever you plan carries double the cost. Can you still afford it?
  2. Will you be able to complete the next phase without relying on external funding?
  3. Make sure to have a Plan B and C ready in case A does not work out.
  4. Get advice from others. The outside perspective can give great guidance.
  5. Hope for the best, plan for the worst. This ensures your survival.
For more business advice visit www.MarkusBiegel.com


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