7 Smart Ways to Weigh Your Startup Risk and Reduce Them
Switch Plans
‘Don’t switch horses in mid stream’ is a very old and popular saying but this one does not fit in to the business sector. If you are running a successful business and if you do not have the presence of mind to switch options and move practically, there is always a chance for your business to flow down the drain. It is always good to have a backup plan and to switch plans when one does not work.
One golden rule of business is, always to have a plan B. If there are no supporting plans and if you run a business completely relying on just one idea or plan, chances of failing in that business is high. At least it can ruin the smooth running of your business. Presence of mind and courage to switch plans during any circumstance always helps a business in terms of avoiding risk and tension.
