Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Buy A Business Opportunity of Franchise
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
Come Read Our Featured Articles About Business Opportunities, Franchising, Business Opportunity News and More
Did you know that women-owned businesses are eligible for grants that are not available to other business owners? Receiving a grant is probably the best way to get funding for a business because, unlike a business loan,...
...an excerpt written by Lauren Diethelm in her article on Fundera. Night...


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
$$$ BUILD HUGE INCOME SELLING SOMETHING EVERYONE MUST HAVE $$$ Call our 24-hour message line at 301-276-5575 now!
Make up to $1,000/week! We are changing the industry with our physician formulated state-of-the-art products & services!
TAKE A FREE POSITION NOW WITH CTFO SELLING CBD HEMP OIL! Join The Hottest Wellness Trend & Next Billion Dollar Industry.
Home-Based Travel Business Making $$$$
Cash in with us on the Multi-Trillion Dollar Travel Industry by working as an independent Affiliate for World Discovery!
Haney Hitting System
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
25 Sep 17 Posted by: Margaret Mallonée
in Opportunity Community

The Top Young Entrepreneurs in 2017 —Who they are, what they do, and how can we learn from them.

Top Young Entrepreneurs in 2017In Friday's article,...
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,...