Anyone thinking about starting a new business or venture of any kind needs to think about possible risks and reward.
There are two elements to risk assessment: The likelihood that the bad thing will happen and the impact if the bad thing does happen.
A reward is an incentive – it may be financial, but doesn’t have to be. It could be positive feedback, customer loyalty, reputation, and so on.
Read these two short articles to learn more about risk and reward:
WEnote
Did anything surprise you in these readings? What do you need to think about in particular in terms of risk and reward?
Let us know your thoughts. For example:
- I was most surprised to discover …
- I think entrepreneurs need to …
Post your comment(s) below and then look on the course feed page to see what others have posted.
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If you prefer you can create a post on your learning journal blog. Be sure to label or tag your post IENT101.
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Anyone thinking about starting a new business or venture of any kind needs to think about possible risks and reward.
There are two elements to risk assessment: The likelihood that the bad thing will happen and the impact if the bad thing does happen.
A reward is an incentive – it may be financial, but doesn’t have to be. It could be positive feedback, customer loyalty, reputation, and so on.
Web resources
Read these two short articles to learn more about risk and reward:
WEnote
Did anything surprise you in these readings? What do you need to think about in particular in terms of risk and reward?
Let us know your thoughts. For example:
Post your comment(s) below and then look on the course feed page to see what others have posted.
You must be logged in to post to WEnotes.
If you prefer you can create a post on your learning journal blog. Be sure to label or tag your post IENT101.
Note: Your comment will be displayed in the course feed.