How Do I Deal With Risk When I Start My New Business?

Risk – How to Reduce It!

In planning your small business start-up, is the first thing you think about “what if I fail in my new business”?  Is security a priority for you?  Do you worry about how you will look if you start a new business and it does not succeed?  Women seem to worry more about failing than men usually do.  We are concerned that if the business fails it will look as though we failed.  Men seem to separate the small business from themselves; it was not the right time, there was too much competition, there was not enough capital.  If you are more on the side of concern and worrying about failure being personal, then planning for a success is really important to you.

Here are a series of things you can do to prepare for a new entrepreneurial venture and reduce your risk: