Skip to main content

Posts

Showing posts from November, 2019

Building the brand: Looking at and dealing with business risk

Image source: corporatelivewire.com Michael Saltzstein believes that there can be no success without risk. This belief is also something that the greatest entrepreneurs have in common. However, risk comes in many forms. For huge businesses, corporate threats are everywhere, which is why it is paramount for leaders to come up with risk management strategies. The successful identification of risk factors is just the first step. Entrepreneurs also need to know how to deal with these potential threats to the business. According to Michael Saltzstein, learning how to analyze risks can give a business leader an advantage, especially if and when they know which risks should be dealt with immediately, and which ones to use as avenues for learning and growth. Image source: entrepreneur.com Take, for example, acts of negligence that would lead to unfortunate events such as customer injury or any damages that may happen to their properties. The possibility of such events ma