Risk Management! a Key to Success for Startups

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Risk Management! A key to success for startups
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• Sense and manage problems in their smallest
  state, before they become bigger and turned out
  to be lethal.
• Reduce revenue leakage which supports increase in
  revenue
• Improve stakeholder confidence and trust
• Increase the probability of achieving goals
• Your business operates in highly uncertain
  environments. This uncertainty brings a high
  level of risk to your company.
• Risk management is the identification,
  evaluation and mitigation of potential risks that
  can have adverse effects on a business. Early
  recognition and mitigation of risk is a critical
  factor for success in startups businesses, as the
  cushion for absorbing failure is relatively low.
• As per the survey, just 44 of small businesses
  stick around for four years or more. One main
  reason so many go away is Poor risk management.
• While it is essential to concentrate on the
  positive aspects of your business, but it is
  foolish to overlook potential future risks that
  might damage your company in the blink of an eye.

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• The Uncertainty factor
• The risks can emerge from uncertainty about
  different parts of the business, such as
• 1-There is no guarantee that customers will like
  your products or services enough to purchase
  them.
• 2-Entrepreneurs frequently borrow money to
  finance their venture in its earliest stages
  there is a chance that they will not make
  sufficient profits to be able to pay these loans
  back.
• 3-As a business grows, the founders will have to
  delegate responsibility for certain tasks to
  employees whom they do not know well. The
  employees bring uncertainty and risk related to
  their skills and performance.
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• 4-Entrepreneurs do not know the correct price for
  their product at the beginning they may have to
  raise prices or change their business model,
  running the risk of alienating customers.
• 5-Whenever a business ventures into a new market
  or launches a new product line, there are risk
  involved with the logistics and geography.
• So it is necessary to secure your company against
  such risks in order to ensure future success.
• Contact Us
• Mobile [phone], 91
  9222086563
• Email ebrandingindia2017_at_gmail.com,
  info_at_ebrandingindia.com, contact_at_seobirbal.com
• Address Unit No.450, Mastermind One - IT Park,
  Royal Palms, Aarey Colony, Goregaon (E), Mumbai
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