Start,Run,Grow

Risks and Rewards of Running a Small Business

Mel Wallace Season 3 Episode 43

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Knowing and understanding the existing or potential risks will help small businesses prepare better and take necessary action. It will help businesses in understanding their strengths and weaknesses, and preparing for risks, thereby improving the business.

Knowing the rewards that come with undertaking the risks motivate entrepreneurs in running the business. It gives them a sense of ownership, freedom, and satisfaction. 

Mel Shares his thoughts on taking risks that can impact the business, as well as  the rewards. 

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