Here's how you can reduce financial risks in your business as an entrepreneur.

Random diversification may not be fruitful in long run. You need a strategy, also improvise your diversification strategy time to time with your experience. Diversification needs allocation of equal amount of fund in all lucrative segments, in case of investments. If diversifying in business products or services, you need to allocate equal amount of resources in total for each bucket. Always remember, don't diversify into too many channels, rather limit it to maximum six. In case of investments, the total number should be less than 10 depending on situation. Here, experience counts. Feel free to ask an expert who can help improve the performance, feel free to comment and ask me if I can guide.

Keep it Diverse and try to multiply the passive income opportunities. This will help with time management and continue to add to your revenue streams

Il faut diversifier les revenus car on ne peut pas compter sur un seul business. Que ce soit votre entreprise ou les investissements que vous avez fait. Pourquoi pas multiplier les entreprises aussi, qui tourne autour du même business.

Spread investments across different assets and markets with varying levels of risk. This can reduce exposure to any single asset or market.

Man sollte durchaus Wohnungen , Gewerbe und Invest machen und das auch in mehreren Gegenden und Ländern, das hilft durchaus weiter

Chaque chef d'entreprise doit être entouré d'un bon comptable. Il va aider au calcul du BFR, besoin en fin de roulement afin de connaître la trésorerie à mettre de côté et celle que l'on peut investir dans ses sociétés ou dans des produits à côtés.

As an entrepreneurial artist time and money is always down to me and takes years and as much money needed to complete the piece

Avoid debt at all costs and if must incur have a definite and clearly defined means to repay. Nothing sinks a business faster than debts and the same for owners!

Leider extrem wichtig, in dem Zusammenhang sollte man aber auch Möglichkeiten zum früheren AUsstieg aus Verträgen im Auge behalten

Debt is good when used correctly for growth, to speed up business sales or stock levels to increase sales. This needs to be planned and all interest payments factored into the profit % you make on the returns. Debt is also helpful for pushing to the next level in property where you might not have had enough funds to cash fund the project. Again a full appraisal will be needed for the bank to even consider you. Banks are very strict and risk adverse so the project has to stack up for them and you.

An entrepreneurial artists is never satisfied with a completed work and so create another one. For me to avoid repetition I change style and subject matter constantly and so doing build up stock to please every discerning eye

Always stay in tune with market trends (in any business) google research, key word analysis, recent changes to import export tax or rules etc Learn the demand in your chosen industry and learn how to upsell and get more out of that demand. Make sure you’re not buying products that will struggle to sell, do plenty of market research and continue to do so.

Une assurande de qualité, c'est une assurance qui nous couvre en cas de sinistre. Outre le montant, c'est la qualité humaine derrière. Faire le choix d'être accompagné par de bon professionneL

Versicherungen sind gut, aber bitte auch nicht zu sehr versichern und alles übertreiben, aber das ist wie mit allem im Leben !

Se faire accompagner par des professionnels comme Camille Autrusseau est un gage de réussite. En tant que chef d'entreprise, je n'ai pas le temps de gérer au quotidien les finances, je m'appuis donc sur des experts.

I've been involved in the real estate appraisal business in various ways over the past 15 years. Some as a licensed appraiser as well as data entry, assistant, and also assistant in the property inspection portion of appraisals. I am familiar with all AAcI software as well as the local MLS.