Nine Risks You Should Make to Build a Sustainable Business

Risk is eternally linked to opportunity. There is nothing wrong with taking the safe way out—millions make that choice—but successful entrepreneurs are a different breed. They are professional risk takers and they need to be willing to strap on that parachute every day. Though we typically associate risk with the initial leap-of-faith decision to start a business, to achieve real success, one must consistently embrace risk every day, and not just on the business’s first...

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Avoid Customer Churn with These 5 Risks

Here’s one of business’s dirty little secrets: Many business owners prefer to keep their customers at arm’s length. They’re very careful to keep every interaction strictly professional, never getting overly personal or friendly. After all, if you get too chummy with customers—or even appear too interested in or sympathetic to their personal circumstances—they might start to want more from you: better pricing, extended credit, lengthier conversations, access to your services...

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Avoiding Risks and Missing Opportunities

Think you’re playing it safe by avoiding risks? You could be missing the opportunity of a lifetime. When you’re in charge of running a company, it’s easy to convince yourself that playing it safe is the responsible choice.Especially if your business is new, going out on a limb is the last thing you want to do. But risk is needed if you want to do more than just scrape by — and it may be needed just to survive in this economy.

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Always Right: Five Risks You Must Take With Your Customers

Here’s one of business’s dirty little secrets: Many business owners prefer to keep their customers at arm’s length. They’re very careful to keep every interaction strictly professional, never getting overly personal or friendly. After all, if you get too chummy with customers — or even appear too interested in or sympathetic to their personal circumstances — they might start to want more from you: better pricing, extended credit, lengthier conversations, access to your...

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Risk Avoiders Are Opportunity Missers: 10 Excuses Business Owners Make

It’s time to open a second retail store branch — and you fully intend to — but you’re not quite ready yet. You found a possible location but it doesn’t seem perfect, and besides, you’re not sure if the local marketplace conditions are right. Maybe next year would be better. You’re ready to expand your customer base — almost. However, you’re certain it can’t be done without buying and mastering a certain software program that lets you personalize your marketing efforts. And...

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So When is the Right Time to Take the Leap of Faith and Pursue Your Entrepreneurial Dream? NOW!

So when is the right time to take the leap of faith and pursue your entrepreneurial dream? Now! You can always compile a list of reasons NOT to do something with waiting for ideal conditions topping the list. But an entrepreneur who has an “I want to win” attitude always plays to win and you can’t win until you get started. So the best time to launch a new business opportunity is always right NOW! Waiting for ideal conditions can be an underlying form of procrastination....

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