Have you been playing the game of trial and error in your business? Is your business strategy well planned… or is it more like pinning the tail on the donkey?
When I was growing up, we used to play a game called “Pin the Tail on the Donkey.” In this game, the player would get blindfolded and his friends would turn him round and round. After that, he’s given a paper tail and his job was to find a picture of the donkey and pin the tail on the donkey. You can imagine how difficult this is and how much trial and error the player had to go through. It’s a fun game to play at a party, but it’s not a very fun game to play in business.
Pin the tail on the donkey
My question to you is: Have you been playing the game of trial and error in your business? Is your business strategy well planned… or is it more like pinning the tail on the donkey?
5 Questions to Evaluate your Business Risk
If you answered YES to any of these questions, your business is at RISK!! If you plan to sell your business or get investors in, any of these will cause them to doubt your sustainability. If you plan to leave your business in the hands of professionals, get ready for a scary ride!
The definition of a proper business is A Commercial Profitable Enterprise that Works without YOU. Simply put, the value of your business increases if you have high growth and low risk. Your challenge as a business owner is to balance the two sides.
8 Tips to Reducing Business Risk
With 17 years of international experience, Cynthia understands western and eastern mindset in her work with companies to integrate the two in a solid team. She started and owns the ActionCOACH business in Bellezza. her personal vision is to Create a World where People Contribute at their very BEST and that reaches to business and personal life. Her professional experience includes sales & marketing and a successful business turn around projects in Singapore & Indonesia. Cynthia is a Master NLP Practitioner and a CCF Certified Coach. She has been recognized and awarded in a Master NLP Practitioner and CCF Certified Coach. She has been recognized and awarded in the Action community and is ranked #63 in the Top 100 Coaches of the World