Risk reduction 101

want something done, ask busy person, sayings

In business, reducing your exposure to risk makes sense.

Eliminating your exposure to risk make no sense whatsoever.

Why?

It’s impossible to eliminate risk from any business. Even if things are going great, and we decide to just carry on with whatever we’re doing, we risk becoming obsolete. We risk becoming irrelevant. We risk losing clients or customers to agile competitors.

In seeking to eliminate risk, we automatically eliminate every great, genuine opportunity. Think about it, every genuine opportunity comes with an element of risk. 

In short, reduce your exposure to risk, for sure. But don’t try to eliminate it.

Risk reduction 101 was written by Jim Connolly and originally published on Jim's Marketing Blog



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