10 Ways to Take Smart Risks in Doing Business

suryo1991 By suryo1991, 4th Jun 2014 | Follow this author | RSS Feed
Posted in Wikinut>Business>Business Opportunities

The word " risk " does have a negative sense for some people . But , dare to take risks in business is not the same as being a slob . Precisely true entrepreneur would view risk as something positive and challenging . They will anticipate the unexpected things in order to get a big profit .

10 Ways to Take Smart Risks in Doing Business

The word " risk " does have a negative sense for some people . But , dare to take risks in business is not the same as being a slob . Precisely true entrepreneur would view risk as something positive and challenging . They will anticipate the unexpected things in order to get a big profit .

I found a great summary of the key strategies used , complete with his life story , in a book entitled " The Risk Takers " , the work of Renee and Don Martin . Here is the list , with priority and my opinion :

Find the latest trends and develop. Often times , changes in culture or economic trends will provide new business opportunities . The challenge is to realize the change early , and then take action , despite the risks . This was the beginning of the pioneers of business profits .

Find hidden treasure and find markets that have not see people. Even companies earn billions of dollars can not offer everything to everyone . There is nothing more fun than finding a profitable market that is not seen or even targeted someone else .

Take advantage of competitors' weaknesses and make it as your strength . Employers who have a keen eye has the talent to see the world through the eyes of its customers . Quality that can help you to stand out in the flaws and weaknesses of competitors .

Sharpen view . Whenever there is a chance , look deeply neglected area of ​​market competitors . It is easier to do than to dim the products that are well known , and wait for customer consumption changes , although the solution you have the better .

Break the conventional rules . Many employers name recorded in the history books of success because they have dared to deviate from the formula and established ways of thinking and existing . Challenging the existing tradition is able to open the door a competitive advantage .

Save money and advertise at a low cost . If you start a business with a capital of mediocre , there are creative ways to entice customers without expensive advertising . Start with social media , blogging , and word of mouth promotion .

Do not let the difficulties and failures beat you . Ranking successful entrepreneurs filled by men and women who refuse to stop believing in himself, despite ridicule from others getting painful . Resilience and perseverance can lead you to success .

Believe in intuition . A body of research stated , intuition is a real form of knowledge . It 's a skill that you can hone and develop - it can be very useful in solving problems in a business environment that is chaotic and unpredictable . In such conditions , the intuition is able to defeat the rational analysis .

Continues to create innovation . Entrepreneurs with good performance to start from scratch to create a company that is widely known and continues to adapt in order to survive in the changing market . Feelings too quickly satisfied that such fine punctures . When you realize it , the damage has been very severe .

Start now! A perfect time to start a business will not come by itself . Often times , waiting just gives an opportunity for competitors to beat you to the punch . If you believe your idea will be successful , so take the plunge and start acting .

Trust the strength of your idea and immediately begin to pursue your dream business . With the intelligence to know the risks , you will be able to achieve success .

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Business, Money, Opportunity

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author avatar suryo1991
I am a university student Ahmad Dahlan Yogyakarta

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