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risk tolerance Tagged Articles



What's in a Name?
The "name game" caught up with a colleague recently and she has been venting to all of us ever since. She has been doing business as a sole proprietor for almost 10 years [knowing that makes me shudder; I have operated as a professional corporation since inception] and, given the nature of her consulting practice, has never been overly concerned about liability. We all have varying levels of risk tolerance and hers is quite high.

Your business plan should indicate your risk appetite
It is important to determine your risk tolerance while busy writing your business plan. It will establish your attitude towards profit erosion and tell investors if you are serious to protect the profit that you will generate by pursuing your business opportunities. By establishing your risk appetite, you will also know to which extent you should and are willing to protect your profits. As a result, you will also profit from your business risks!
Lesson #2: “Be big and fast and flexible”
“We named the company Netflix, not DVDs by Mail because we knew that eventually we would deliver movies directly over the Internet,” says Hastings. “DVDs will be around a long time, but we’re building for the day when they’re not.”

Lesson #3: “To be successful, you need to fail”
Ilhan was one of those entrepreneurs who believed that the more mistakes he made, the better he became, and the better his business performed. Maybe it was his close call with bankruptcy in the early years of his business, but Ilhan had almost reached the brink, and managed to make it back. He had developed a risk tolerance beyond most of his competitors, and the confidence that he could always find a solution to any problem.

What about a Franchise
I recently had an opportunity to chat with Michael Harrington, owner of The Entrepreneur’s Source in Beverly. He is in the business of helping people to identify and research franchise business opportunities that match their goals and needs.

Breaking Through Revenue Barriers - Increasing Sales Through Graded Levels of Commitment
If your revenue streams have slowed down or completely dried up, your solution may be as simple as creating graded levels of commitment for your current and prospective clients. Implementing graded levels of commitment (GLC) involves capturing the attention of prospects in different market segments with new product or service developments offered at different price points. Here are five steps to incorporate GLC into your business.
Easy Investment Ideas for the Time Starved Entrepreneur
Get up, have a cup of coffee, go to work, get through your day, attend a meeting, go home, make dinner, crash. The next day—repeat the cycle. The only thing between you and a nervous breakdown is a thread. You don’t have time to think about investing.

Confessions of a Serial Entrepreneur
What struck me about Stuart Skorman’s book (subtitled, "Why I Can’t Stop Starting Over") is his creative need to start new businesses and his (growing) wisdom about business. Stuart’s better-known accomplishments are launching Reel.com (sold for $100M) and Elephant Pharmacy.
How To Disaster-Proof Your Business
How much pain would your business feel if suddenly you couldn’t email your clients? What if you lost your correspondence file or your phone lost its dial tone? We tend to avoid thinking about a business catastrophe until it hits close to home. And when problems hit, we need them fixed yesterday and are willing to pay a lot to make them go away.

Other risk tolerance Related Articles

People and Risk
A risky business … Business is risky; the less static the more risk, thus the more successful the business the more risk in must embrace and benefit from. In this article, Lisette Howlett shares her thoughts and experiences in the area of risk and people. Without people you have less risk; but you also have no business. Risk is unavoidable but not insurmountable. Indeed taking your people risk seriously will improve your business; the successful management of risk has a positive impact on business success.

The Importance of Risk Management for Business Owners
The most successful business owners have an innate understanding of risk and how to manage it. This article evaluates four different businesses in the context of risk to draw lessons about effective risk management.
Fail Your Way to Success
The selling profession is not generally considered a high-risk profession, yet salespeople face big risks every time they speak to customers and prospects. What do they risk? They risk uncovering the truth. They risk finding out their best customer has just changed the rules of doing business. They risk discovering the prospect with whom they have invested so much time doesn't really qualify as a prospect at all.

The Irony of “Risk” in the Markets
Right now in the markets, there are essentially 2 trades: risk-taking and risk-averting. The risk-taking trade can be summarized as US dollar and Japanese yen down, bonds down, everything else up. Risk-averting is just the opposite. Oh sure, you get the occasional stock that goes down because of blatant corporate mismanagement, but overall stocks will go up if the dollar declines.
Develop a Tolerance for Risk
When trying to manage change, leaders often make a huge mistake by not telegraphing a tolerance for risk. This article digs into the issue of risk in making changes and suggests an antidote to this common problem.

What's in a Name?
The "name game" caught up with a colleague recently and she has been venting to all of us ever since. She has been doing business as a sole proprietor for almost 10 years [knowing that makes me shudder; I have operated as a professional corporation since inception] and, given the nature of her consulting practice, has never been overly concerned about liability. We all have varying levels of risk tolerance and hers is quite high.

Your business plan should indicate your risk appetite
It is important to determine your risk tolerance while busy writing your business plan. It will establish your attitude towards profit erosion and tell investors if you are serious to protect the profit that you will generate by pursuing your business opportunities. By establishing your risk appetite, you will also know to which extent you should and are willing to protect your profits. As a result, you will also profit from your business risks!
Risk Assessment & Analysis Techniques
Risk assessment is an area of concern for all senior executives, but many mid-sized enterprises do not have the skills, processes, or tools to effectively mitigate risks. Instead of reactively ‘fire-fighting’ and dealing with issues as they arise, consider adding simple risk assessment & analysis exercises to your project planning process. Download & customize Demand Metric’s Risk Assessment Tool, Risk Mitigation Checklist, and Risk Analysis (Fishbone) Tool, and add to your skills arsenal.
Lesson #3: “To be successful, you need to fail”
Ilhan was one of those entrepreneurs who believed that the more mistakes he made, the better he became, and the better his business performed. Maybe it was his close call with bankruptcy in the early years of his business, but Ilhan had almost reached the brink, and managed to make it back. He had developed a risk tolerance beyond most of his competitors, and the confidence that he could always find a solution to any problem.

How to Make a Decision That Sticks Rather Than Gets You Stuck
One of the most frustrating experiences we can all face is how to make effective decisions especially when you feel there is a lot of risk at stake. You wonder how much risk you should take on without putting yourself out on a limb or how much risk you share without looking like you are trying to pass accountability or be too cautious.

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