TBL Episode 104: How to reduce risk as your business grows
Nov 09, 2020•20 min•Transcript available on Metacast Episode description
Entrepreneurship is inherently risky. Period. That being said, it doesn’t HAVE TO be any riskier than working for someone else. It’s up to you as a business owner to be aware of any vulnerabilities your business might have and get in front of them as soon as possible. As your business grows, new vulnerabilities will come into play, but you will also have more resources available to you to make those vulnerabilities a non-factor. So for this episode, we discuss: - The risks new online businesses have to deal with versus the risks more established online businesses have to deal with
- How a business’s savings can go a long way towards making your business less vulnerable to financial risk
- How legal vulnerabilities can grow as your business grows
- How systems and processes make your business less threatened when team members leave
- How diversifying your marketing channels as you grow makes your revenue generation less risky
Links to past episodes referenced during this podcast:
