10 Risks That Can Break Your Business

The issue to innovate: The case of fall of Orkut, and the massive rise of Facebook in the social networking options teaches you to abide by the golden rule to innovate, experiment and serve fast, really fast. The world is shrinking with technological advancements are swift with a blink of an eye. Update, renovate, and keep up smartly. Or else be brave to see the business crumble into silence.

Bringing in and holding Talent: Keeping up with the speeding advancements cannot happen at a sudden. You need resources and majorly human power to keep up. The big risk is bringing in the talent you need and require for your ongoing business. This can be achieved only if you are willing to satisfy the workers you have on board.

If you are not maintaining an engaged work force you are likely to lose your talents to new opportunities elsewhere, just like Marissa Mayer who was brought to Yahoo from Google.

Swelling Competition: The opportunities are expanding, focused and up for profits. On these terms the competition is rising and influencing the way you look at business. With thousands of companies on a single platform, thrust for reaching the top is intense; just like we fight amongst ourselves, whether to have delicious Dominos pizza or a yummy McD burger; The competition is not only from the locals or national brands, but the involvement has gone international.

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