Risky Business

Latest posts by Andrew Field (see all)

We’re in Miles City, Montana this weekend at the world famous Miles City Bucking Horse Sale. What a blast! People come here from all over for a 3-day party in the streets, intermingled with auctions of bucking horses, a horse and tractor parade, craft shows and street dances. The bucking horses get ridden (few of the cowboys last the proverbial 8 seconds), then immediately auctioned off. Prices range from $200 to $10,000.

Riding a bucking horse is obviously a risky activity.

But sometimes risk comes from unexpected places. We are staying in a nice campground within walking distance of both downtown and the fairground. Some people have tents, others campers and RV’s. Nobody expected anything risky to occur at the campground. Least of all this nice gentleman from Cheyenne. But when he returned to his camper, he was surprised to find something amiss.

Since this is a business-oriented blog, I’ll draw the lesson. Make sure that you think about the risks in your business. Insure against them if you can, mitigate them as best you can. Never ignore them.

Total
0
Shares
Previous Article

eBay Selling in Entrepreneur Magazine

Next Article

Time Management For Moms

Related Posts
wjr business beat
Read More

WJR Business Beat: Shopify Jump-Starts Starting A Business (Episode 328)

On today's Business Beat, Jeff talks about Shopify, a one-stop shop of resources for people who want to start a business. Tune in to the Business Beat, below, to learn how this subscription-based software can help you set up an online store and sell your products.   Tune in to News/Talk 760 AM WJR weekday...
top Detroit startups
Read More

Top Detroit Startups and Tech Companies to Watch in 2022

Michigan is now the state with the highest growth in VC investment. Now many Detroit startups are on the fast track to growth. Whether it’s new funding, expansions or IPOs, it’s been an eventful year in Detroit startups. Next year is looking even better. Here are the top Detroit startups and tech companies to watch in...
startup success
Read More

How to Achieve Startup Success from Day 1

The decision to take the leap into starting your own business is never an easy one, regardless of your experience or industry. But as venture capital (VC) firms grow, with the average seed deal growing from $1.7 million to $4.6 million in the last decade, more and more people are breaking into the startup ecosystem....
second-time startup founders
Read More

5 Real Advantages for Second-Time Startup Founders

As a first-time founder, starting a startup is incredibly difficult. Raising capital, finding product-market fit and acquiring customers isn’t easy. As a second-time founder,  it is a bit easier.  After our first company was acquired, I knew that I wanted to start another company. Working for yourself, especially during the earliest days of founding at...