Managing Risk in Business: LifeWork Episode 12
LifeWork
English - June 02, 2016 20:46 - 43.9 MB - ★★★★★ - 8 ratingsCareers Business business entrepreneurship entrepreneur marketing health leadership interview finance success career Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
What does it mean to take smart risks in business – and how do you balance that potential reward vs what you’re putting at stake to achieve it? In episode 12 of LifeWork, Dave and Meagan discuss different kinds of risks in business, how to decide if a risk is worth taking, and how to minimize the potential […]
What does it mean to take smart risks in business – and how do you balance that potential reward vs what you’re putting at stake to achieve it? In episode 12 of LifeWork, Dave and Meagan discuss different kinds of risks in business, how to decide if a risk is worth taking, and how to minimize the potential fallout if things don’t go as planned.
Discussion Points:
How a business risk is like an investment
How accurate are financial projections? And does it matter?
The more knowledge you have, the safer you can feel taking a big risk
The importance of flexing your “risk taking muscle” to get better at it over time
Mitigating and minimizing risk
Dave’s process for deciding whether a risk is a smart move
How “inverted thinking” can help you manage for potential outcomes and decide whether an opportunity is worth pursuing.