How Much Risk is Right for Your Small Business? Episode 166 of the Small Business Show

Is all business risk bad? Searching for “small business risk” online and you’ll find most articles and resources are focused on minimizing or avoiding risk. Listen in to today’s episode of the Small Business Show to hear why we believe that taking risks is part of the “secret sauce” of business success. Without risk, you’re no different than the person working in the cubicle who never starts their business in the first place. Your hosts, Dave Hamilton and Shannon Jean have some strong ideas about risk and why you should be embracing it, turning risk into opportunity for your Small Business. During the show, you’ll hear about how taking risks can create an advantage over your competitors and how the anxiety associated with taking risks can fuel your motivation. You’ll also learn about minimizing risks and how to use successes of any size to create a Success Cycle that will propel you to even more awesomeness. Join us today on the Small Business Show for all this and much more. Then, visit our Support Group to join the conversation! Chapters/Timestamps: 00:00:00 Small Business Show #166 for Wednesday, April 11, 2018 00:01:01 Did Facebook get your data from Cambridge Analytica 00:02:52 How much risk is OK for you and your business? 00:03:35 Risks are Opportunities 00:06:19 Tim Cote from Commonwealth Financial on Small Business Show 00:08:11 Ideas Aren’t Worth Anything (except the paper they’re printed on… including patent paper) 00:10:14 The benefits of a Working Agreement 00:11:20 Anxiety is Motivation Fuel! 00:14:00 Describing your wheelhouse 00:16:25 “I never lose, I either win or learn” Failure Sucks 00:18:00 You’re fooling yourself I’m a Loser, Baby 00:19:05 I’m a badass! 00:19:26 Train your inner judge 00:21:19 SPONSOR: Visit TextExpander.com/podcast for 20% off your first year. 00:24:17 Create a Success List 00:25:25 Calculated Risks Your Advisory Board: Good Insurance, Attorney, Banker, Accountant 00:26:41 “I’m doing this” vs. “What do you think?” 00:29:47 Forming an LLC is easy Dave used DelawareInc.com 00:34:12 SBS 166 Outtro The post How Much Risk is Right for Your Small Business? Episode 166 of the Small Business Show appeared first on Business Brain - The Entrepreneurs' Podcast.