Cut Out the Risk
Keeping up to date on legal matters is usually the last thing on the to-do list of most small business owners; unless of course we need a lawyer fast. As small business owners risk management sounds too corporate, so I am often asked, how risk management affects us?
Generally, Risk Management is the process of measuring, or assessing risk and then developing strategies to manage the risk, that business owners need to stay on top of. Look at the structure of the business, which in some cases will dictate what kind and amount of insurance is needed to protect us … Read More



Owning a business presents us with a constant barrage of decisions. What to do first? Who do I market to? What does the business need in order to expand? How much can I charge? Having struggled with these things myself as well as working with members in our Mind Masters groups on the same issues, it still comes down to the fact that the decisions still have to be made. But what always shows up is that there seems to be too many choices, which leads to indecisiveness.
What is it inside of people that makes them willing to risk everything they have to be in business? Is it to join the league of greats like Ford, Carnegie, Hearst, Jobs, Gates or just to have the freedom of being in a business of their own?
Having spent a good part of my early life shy and introverted, the idea of marketing myself was the biggest challenge I had to overcome. It meant I would have to overcome the fear of talking to people or risk not accomplishing my goals. Putting myself into first a monthly networking group and then a weekly executive group got me out of those uncomfortable feelings (small steps).
Last week I interviewed a PR specialist for a BLOG Talk Radio show and thought you might appreciate some of her wisdom.
One of the biggest mistakes business owners make when developing their business plan is not understanding who the ideal client is. You simply can’t be everything to everyone. This is especially true when you start to brand yourself.