“Be brave. Take risks. Nothing can substitute experience.” Paulo Coelho The risks mentioned in prior posts provide a framework on mitigating risk in various divisions of business. Some of the risks and counter measures mentioned in this post are general and some those I have personally encountered during my journey as an entrepreneur. 1. Start - Read More -
dreams
The People Risk Factor
Our mission statement about treating people with respect and dignity is not just words but a creed we live by every day. You can’t expect your employees to exceed the expectations of your customers if you don’t exceed the employees’ expectations of management.” Howard Scultz You hear it all the time, “Our people are our - Read More -
Financial Risk
“Before you can really start setting financial goals, you need to determine where you stand financially.” David Bach In most businesses I have been part of todate I have been lucky to have partners who excelled in the field of financial control. Over the years I have come to realize that without these controls a - Read More -
Operational Failure
“In the end, all business operations can be reduced to three words; people, product and profits.” Lee Iacocca All companies operate on a set of processes. These processes drive all avenues of a business ranging from Internal operations, business development, sales, marketing and execution to name a few critical functions. When these processes are missing - Read More -
Market Risk
“I notice increasing reluctance on the part of marketing executives to use judgement; they are coming to rely too much on research, and they use it as a drunkard uses a lamp post for support, rather than for illumination.” David Oglivy Our world is in a constant state of flux with the rapid flow of - Read More -
Should You Risk it All?
“Only those will risk going too far can possibly find out how far one can go.” T.S Elliot I was at a conference organized by an entrepreneur network a short while ago where they had invited several successful entrepreneurs to come and share their stories. I love hearing or reading about these mega success stories. - Read More -