Risk Management Archives

Award-Winning Finance Expert Shares 5 Financial Musts Before Jumping Into Entrepreneurship

So, you want to start your own business — in which you are your own boss and you’re in control of your professional destiny. You’re mentally ready to become an entrepreneur, but the question is:...

bySharita Humphrey

March 7, 2022

Why Taking a Customer-Centric Approach Significantly Reduces Risks and Increases Your Chance of Success

To build successful businesses, entrepreneurs must fall in love with solving customer problems more than their own ideas. Entrepreneurs often rush to build and test their ideas using the lean startup methodology. They are taught...

byWest Stringfellow

November 15, 2021

How to Identify and Offset Risk to Build a Business That Lasts

The following is excerpted from "Rogue Waves: Future-Proof Your Business to Survive and Profit from Radical Change" by Jonathan Brill (McGraw Hill, August 2021). Netscape founder Marc Andreesen, now a prolific startup investor, describes entrepreneurial...

byJonathan Brill

August 17, 2021

Here’s Why Cyber Insurance is a Must for Startups (and it’s Affordable)

The dreaded 180-day notification arrives on your computer. It’s time to change your password again. What version of a pet’s name or mother’s maiden name will you use this time? Max1234? Sherbert5678? Now, you must...

byMichael Spath

July 13, 2021

Want to Start a Lower-Risk Business? Become a Franchisee

The day I became a franchisor, the ceiling collapsed. Literally. I was at Kidville headquarters in New York City and had just signed the final documents. The phone rang, and the CEO answered it. He...

byManish Vakil

June 23, 2021

Learn How to Run a Successful Franchise on StartupNation Radio

On today's franchise-themed episode of StartupNation Radio, Jeff is joined by co-host Chris McCuiston of Goldfish Swim School and two featured guests: Dr. Mary Mason of Little Medical School and Manish Vakil of Tumbles Kids'...

byStartupNation

June 19, 2021

Here’s Why Taking Risks is Good for Business

You’ve heard it before: "Fortune favors the bold." Or the ever-popular, "Nothing ventured, nothing gained." There’s also, "The only way to fail is to start." And my personal favorite and go-to: "Learn from your mistakes." All...

byFreddy Bunkers

April 25, 2021

From Employee to Entrepreneur: Becoming Your Own Boss in 2021

Plenty of people dream of launching their own business, but then they undermine themselves, coming up with reasons to put off their dream just a little longer. And then they put it off again. And...

by Jayneberinger64

January 20, 2021

How to Manage Risk and Adapt Your Business Processes During the Pandemic

Building a team, securing funding, creating an amazing product, marketing, and generating a sales pipeline is difficult enough during a boom, let alone during a global pandemic – all while keeping everyone motivated and morale...

byBarrett Lyon

October 14, 2020

Would Your Startup Survive a Cyberattack?

A cyberattack can instantly cause significant harm to a business. But the chance of a startup being hit is slim. So why bother with robust precautionary measures. Right? Wrong. Cybercriminals aren’t picky about who they...

byMaureen Brogie

October 2, 2020

How to Manage Risk Like an Entrepreneur

The following is excerpted from the book "Creative Calling: Establish a Daily Practice, Infuse Your World with Meaning, and Succeed in Work + Life" by Chase Jarvis. Copyright © 2019 by Chase Jarvis. To be...

byChase Jarvis

September 24, 2019

Small Business, Big Risks: A Guide to Protecting Your Startup

Not taking risk seriously can stop your startup in its tracks. According to the U.S. Bureau of Labor Statistics, the chance a business will make it through the first year is 80 percent. As time...

byMaureen Brogie

July 16, 2019

5 Steps to Take Before Making Your Side Hustle Your Main Gig

Starting up a side hustle has become easier than ever. Between the explosion of opportunities in the gig economy and the plethora of tools and resources now available to facilitate remote work, Statista reports an...

byBruce Hakutizwi

April 24, 2019

How Much Risk is Too Much? When to Look for Business Insurance Savings

As a business owner, you know you need to have business insurance to protect your company from risk and liability. However, you do not necessarily need to purchase a policy that covers every type of...

byRyan Hanley

June 30, 2017

To Incorporate or Not? The Many Small Business Structures

To incorporate, or not? It’s a perennial topic that has plenty of surrounding myths. As with so many things, there isn’t one right answer. Entrepreneurs, especially those who work solo, have choices. There are three...

byAnn Logue

March 30, 2017

Crime and Theft Insurance: Why They are Treated Differently

As a small business owner, you surely have property insurance, which covers a wide array of circumstances, including some instances of theft. But do you know where your coverage ends and vulnerability begins? Believe it...

byRyan Hanley

September 2, 2016

A Startup’s Guide to Business Risk Management

While it’s easy to focus on the positives of your growing business, what about mitigating risks for the future? Every company—whether it’s a fledgeling startup, a growing SME or a booming multinational—should be continually figuring...

byRebecca Poulter

August 20, 2016

Risky Business

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...

byAndrew Field

May 19, 2007

Be bold, not stupid

Continuing on the theme of hallmarks of true entrepreneurs, boldness is certainly one among them. But there's "smart boldness," and there's just plain "stupid." An example of smart? Take Tina Norris, creator of Foot Petals,...

byRich Sloan

April 5, 2007