Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Your Free Business Opportunity Resource Is Easy To Use
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Sales Success Inspiration - Hello my friends and welcome to another installment of The Special Sauce Series on Sales.

Sales Success Inspiration is the name of the game today.  We left off with the last post "

No Sales! The Leads Suck! After ten years in the industry I have heard this more than once. In fact, I hear this so often that a series of educational blog posts are needed to educate sellers on how to close more deals - period.

No sales! Now, first I preface this entire post with one thought...

She Means Business: Turn Your Ideas into Reality and Become a Wildly Successful Entrepreneur Is our Book-of-the-Month.

Carrie Green began her entrepreneurial life at the tender age of 20, starting a company that would go global in just a few years. She has turned her experience...

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
FundAbility
Need Funding? Need To Offer Financing To Close More Deals? We Have Access 7,000+ Credit Providers. Learn more now...
 
Resource Center > Article
Book-of-the-Month: Risk Management Avoiding Pitfalls
8 Jul 15 Posted by: Kevin James Culp
in Opportunity Community
Share this Article:

Risk Management: Avoiding Pitfalls - Did you invest in Webvan back in the 1990s? Or Amazon? If it was the innovative online grocer Webvan, you lost your money. If you invested in Amazon, you cleaned up and got bragging rights.
Both companies started out strong. What happened to Webvan? It didn’t factor in three major business risks into its launch. Amazon, on the other hand, did. Successful businesses expect risk and deal with it sensibly.

How To Spot Risk

How do you, as a business owner, figure out what the risks are to your specific business and industry, how those risks might affect your business and effective ways to handle them? That’s the topic of Fundamentals of Enterprise Risk Management: How Top companies Assess Risk, Manage Exposure and Seize Opportunity, Second Edition - Audio Version.

Author John J. Hampton has collected and analyzed a wide range of case studies, including Apple, IBM, Chase, Microsoft and Sony. Though he looks at risk through the lens of big companies with these studies, his data can help any size business ride through business risks safely.

In this extensively revised new edition, he looks at new technologies that help business owners monitor and evaluate risk. He explains advanced apps that make the process easier, including Riskonnect and High Tech Electronic Platform, or HTEP.

You Need a Strategy

One of the helpful strategies he describes is called risk clustering. This helps you get clear on what risks you are facing, figure out specifically how they might impact your business and then come up with ways to handle them. He talks about the importance of your corporate culture, how to analyze it for strengths and weaknesses.

Hampton talks about how to improve communication to minimize risk, how to handle healthcare in your business and ways to spot risks to your intellectual property, which is increasingly important in the digital age.

Fundamentals of Enterprise Risk Management: How Top companies Assess Risk, Manage Exposure and Seize Opportunity, Second Edition - Audio Version, is one of the best books available to help you understand potential risks to your business and to deal with them efficiently.

Risk Management: Avoiding Pitfalls

Related Blog Posts
5 Oct 16 Posted by: Kevin James Culp
in Opportunity Community

Accelerating Growth - Andy Birol, author of the successful Five Catalysts of Seven Figure Growth, continues his help for struggling companies with this guide. Here the focus is on finding ways to speed up the expansion phase of your business. Accelerating Your Growth: Insights and Examples for Exploiting...

2 Sep 16 Posted by: Kevin James Culp
in Opportunity Community

Book Review of The Small B!G - Are you trying to change the choices people make, get them to alter their behavior in some way? And having very little luck?

Then The Small B!G: Small Changes That Spark Big Influence is the book for you. In 52 short chapters, the experts explain actionable,...
2 Aug 16 Posted by: Kevin James Culp
in Opportunity Community

Getting More Out Of Life: Buying Getting More: How You Can Negotiate to Succeed in Work and Life was an easy choice. When you read that Google used it to train 30,000 employees, you gotta figure it’s got something going for it. I’m always on the lookout for helpful books and negotiation...

3 Apr 16 Posted by: Kevin James Culp
in Opportunity Community

The Richest Man in Babylon is a book by George Samuel Clason which dispenses financial advice through a collection of parables set in ancient Babylon.

"Acclaimed as the greatest of all inspirational works on the subject of thrift and financial planning, these...

1 Feb 16 Posted by: Kevin James Culp
in Opportunity Community
 
   

SocialXpand Business Opportunity Interview w/ Brian Weiss was for me a new way to learn from a customer and whom I consider a friend in the industry.

I've had the opportunity to work for a while now with Brian Weiss who is the Director of Sales for the
Video Spotlight
You're invited to view a Bartercard Online Franchise Presentation.

Premium Sponsor