10 Ways To Minimize RISK In Business

You do want to start a business. Maybe to test the water and see if you are cut out for it, be sure to listen to this video right until the end and find out how.

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Disclaimer: signing up for Audible will result in financial compensation towards Alux Inc at no additional cost to you, the consumer.

What are the best ways to minimize risk in business?
What are 10 Strategies to minimise risk in business?
What are 10 Ways To Minimize RISK In Business?
How to Reduce Business Risk?
How to Reduce risks in Business?
What are 10 Steps Every Entrepreneur Can Take to Reduce risk in Business?
What are the Top Ways to Manage Business Risks?
How to reduce financial risk in business
How to minimise business risk?
What are some rules for reducing risk in a business?
How to mitigate economic risk in business?
How to manage risk in business?
What can one do to minimize the risk of starting a business?
How do you minimize risk in investing/business/starting a new business?
What are ways to help grow my business and minimize risk?

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00:00 - Intro
00:55 - Start small at first.
02:09 - Create a Minimum Viable Product.
03:17 - Measure the right things
04:10 - If there’s a problem, is it you? Or is it the market?
05:23 - Know when to quit ... and when to pivot.
06:28 - Have a business plan.
07:26 - Don’t quit your job.
08:10 - Diversify.
09:01 - Be well-informed.
09:51 - Be really good with numbers.
10:47 - Question
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#alux #business #risks
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[alux]

Hello Aluxers, ! What kind of business would you most like to start?

Disclaimer: signing up for Audible will result in financial compensation towards Alux Inc at no additional cost to you, the consumer.

[afc]

Risk is everywhere. Being broke is hard, becoming wealth is hard. CHOOSE YOUR HARD

[factsyoudidnotknow]

0:57 Best advice Alux. Start Small. Yes, we just have to start working on dreams. So that our dreams not stay dreams and becomes true.

[amritanshsinghgautam]

1. start small at first ( amazon garage)
2. MVP (alpha version of a business)
3. measure the right thing (analyze the result of your product)
4. if there's a problem is it you or the market
5. know when to quit and when to pivot (twitter - podcast to social media)
6. have a business plan (how much resources you need and what to expect)
7. don't quit your job (till you earn same amount from side business)
8. diversify(diversify)
9. be well informed (blockbuster - netflix)
10. be really good with numbers (every basic thing should be in your mind)
11. be brilliant at what you do

[frankjames]

Investing in cryptocurrency is a very lucrative way of making money

[udditsachdev]

Minimize risk in business.

1.Start Small at first. Keep it simple.
2.Create a minimum viable product. E.g.:Game Developers.
3.Measure the right things.
4.If there's a problem, is it you or the market. Find out if you have the right product for the wrong market and vice versa
5.Know when to quit and when to pivot.
6.Have a Business Plan. Provide Value. Have a way to deliver that value. Have a way for people to pay you for that value. Find out how much capital you need and the time to do it. What results you can expect and by when ? If you fail to plan, you are planning to fail.
7. Don't quit your job. You only quit your job if the side business makes you atleast the same amount as your day job.
8. Diversify.
9. Be well-informed, of market changes, consumer trends.
10. Be really good with numbers.
10.

[Shane-ensq]

Good video. Starting small is necessary. Work at your business every day. Lessen every risk possible, however,
risk is not totally eliminated. Spend your money wisely and have a business mentor. Preferably, a current business owner.

You will be surprised about people in your life you start to pivot away from. I have found in order to focus,
I needed to get away from mindless chatter and toxic negativity.

Thanks Alux

[dawidblachowski]

Never invest more money that you are able to lose. Consider it as play money - you play it and have fun! You can lose it while having fun or turn into more - having even more fun! By the way you practise playing it more and more, you become better and better - and then the true game begins!

[Vibha]

I admire the thumbnail ❤️❤️👍

Edit:they changed it 😑

[nellysanchez]

I will like to start a bussiness of a new must-have product, something that becomes part of the daily life and people have no regards to expense on it, just like smartphones did over ten years ago.

[victorkolo]

Without risk these is no Business & risk is part of Business but one needs to minimize...True Talk

[swastikkoley]

At initial level I would like to start a restaurant business.

[person]

Superb video as usual guys! How about a future video on risks worth taking in life ?

[thanuj_]

Alux.com should be a graduation college because they have very functional knowledge.

[tylerwilliambaclagon]

Thanks, @Alux. Great info!! Just what I need.

[marshallgosbjorn]

Private investigator & (behaviourist + strategy) That's the business I plan on opening one day.

[Manuel-guls]

Ohhh the No. 4 hits hard like in a relationship

[angeliqueroux]

I have now been trained to watch these videos to the very end. Haha

[pranshudjain]

Commission business! Helping others with their business

[mskuks]

i would like to start an agribusiness!