When we ask business owners what risks they faced at the beginning of their business, they will tell you different things. What do you think, why companies don’t grow? As an example, the owner no longer wants to grow or is hampered by competition, a bad political situation, lack of employees or they do not have enough capitals.
True. But with a probability, the biggest business risk is operational blindness and the effort to solve unsolvable problems.
The most common types of business risks
Bad strategy with the wrong people
A lot of success stories start with an idea. The idea itself does not pose any risk, and there is a general belief that having a great idea is the most valuable thing in business. Without a quality person, the idea has no value. What is worth is a REALIZED idea. The right people in a team determine the … Read more