Entrepreneurs
  sound health
  strength, energy
  arithmetics
  decision-taking. Logic. intuition.
  common sence
  sence of humour, self-criticism
  ability to carry a risk
  ability to get on with people
  mental outlook and erudition
  sharpness, promptness, coordination.
   
Balance
  customers - staff
  resources-result
  family-activity
  assets - liabilities
   
Customers
  needs - people
  needs - companies
  introduction into psychology
  advertising
  relations with customers
   
Employees
  motivation
  responsibility
  knowledge, skills, habits
  professionalism
  efficiency
  productivity
  speed
  mindfulness
  mutual dependence, friendship
  payment for labor
   
Modeling
  geometry, picture, drawing
  object, property, action
  system, feedback
  the "as we have" and "as we want" models
  transformation, transfiguration
   
  the World we live in
  cycle, rhythm, oscillations
  waves, light, color, sound
  electromagnetic fields
  time
  space, size, distance
  mass, volume, quantity
   
  classical elements and materials
  plants
  animals
  human
  family, community
  society
   
Business
  economy
  markets
  technological structures
  innovations in microbusiness
  people in business
  organizational models
  microbusiness, smallbusiness, microteam
  development stages
  manufacture
  trade
  services
   
Management
  goals
  ideas
  time
  projects
  customer relationship
  staff relationship
  information
  resources
  finances
  risks
  cooperation
   
  world-view, ideology
  dictatorship
  democracy
  monarchy
   
  leadermania, fake-hierarchy
  role management
sound hierarchy
  leadership
  non-standard structures
   
  strategy
  tactics
  planning, tasks
  function
  action, result
   

 

   Risk management
 

 

"No man is worth his salt who is not ready at all times to risk his well-being, to risk his body, to risk his life, in a great cause."

Theodore Roosevelt

 

 

Risk management

RISK.

Probability of unfavourable course of events.

Risk can bring not only to negative, but also to a positive result.

Risk is overcoming uncertainty.

"back the wrong horse". "Risky plan".

It is inevitable for an entrepreneur to go risk.

 

  Positive impact Negative impact
Inner strength Strengths (such properties of the object or collective, that offer advantages over competitors) Weaknesses (such properties, that weaken the project)
Outer environment Opportunities (outer possible factors that offer advantages when reaching the goal) Threats (outer possible factors that can make reaching the goal difficult)


RISKS EVALUATION..

SWOT ANALYSIS -

is a method of strategical analysis, used for evaluation of factors and phenomena influencing the project or company.

There are four cathegories of factors: strengths , weaknesses , opportunities and threats.

This method also includes distinguishing of project goals and evaluation of inner and outer factors, that can facilitate or complicate archievement of the goals.

A brief evaluation of any Company.

 

PREVENTIVE MEASURES.

It's better to care one's health from deceases than to cure them after they stuck you to bed.

It's much easier to develop the project step by step than to wait till dead-line and disover that you are not ready for problems.

 

MANAGED CALCULATED RISK.

Mistakes are inevitable in Business, but it is not worth making the same mistakes again and again.

Many mistakes are discribed in text-books. Gurus also can share experience.

If you are an entrepreneur, see what your successful colleagues do to avoid risks and try to apply this in your business.


Friemaxx. Digital microbusiness hatchery. Modeling, prompt decision-taking and project management.