Every business owner needs to take risks, but it’s important to make sure the ones you do take are calculated. For starters, asking the right questions can help you determine whether a business risk is a smart one or not. By carefully considering the potential outcomes, you can then determine if the risk is worth taking.
Here are 11 important questions to ask yourself before taking a business risk, as shared by the members of the Rolling Stone Culture Council, including ShearShare cofounder Courtney Caldwell.
What’s the Worst That Can Happen?
When taking risks, one question I tend to ask myself is, “What’s the worst that can happen?” If the “worst” is something you’ve already been through, then go for it. I’m a huge proponent of jumping and growing your wings on the way down! – Courtney Caldwell, ShearShare, Inc.
Read the other 10 questions here!