Business model generation | New business opportunities

1. Howtooptimizerisk inentrepreneurship- Venturecare| Professionalbusiness plan

2. Risksandentrepreneurshipgohandinhand.NobusinessownershouldjustbelieveitandbeRisksandentrepreneurshipgohandinhand.Nobusinessownershouldjustbelieveitandbe passive.Ofcourse,risksshouldbemitigatedoratleastbereduced. Professionalbusinessplan Letmeclarifythatriskisnotalwaysbadforbusinessanditsowner.Entrepreneursshould takethecalculatedrisk.Firstofall,letusdiscusswhatthebenefitsareofrisksinthe business: Itrefinesvisionandmissionofthecompany Itmakestheorganizationmoreproactiveinhandlinganykindofsituation Itmakesdecisionmakersmoreaggressive Ithelpsindevisingflexiblestrategiesfortheorganization Itsendspositiveenergytothemiddleandjuniorlevelmanagement Ithelpsorganizationsinreachingnewheightofgrowth Ithelpsinformingmuchmoreloyalanddedicatedteamforexecution However,itisaninjusticetosaythattherearenoconsofrisks: Frequentfailureofstrategiesmaydisheartenthetopmanagement Competitorsmayacquirethefailedorganization Executionteammayleavetheorganization Senseoffearmaydevelopacrosstheorganization Futurecontractsmaybecanceled Theremaybesocioeconomicpressurefromstakeholdersincludinggovernment Itisgeneralnotionthatastart-upalwaysfacesahigherdegreeofrisk.But,thisisnotcompletely true.Abiggerorganizationwillalwaysfaceahigherdegreeofrisksbecauseoflargesize,huge financialobligation,biggerteam,globaloperationetc.Shiftingfromonestrategytoanotherto reduceriskistimetakingandbythetimeittakesthealternativecourseofaction,theaftermathof riskbecomessevereandunmanageable. Incontrast,smallerorganizationsincludingstart-upscanshifttoalternativestrategicplanssoonto mitigateorreducerisk. Letusdiscussthatwhatkindofgeneralrisksanorganizationmayface: Managementrisk-anyofthekeypersonsleavingtheorganization Productrisk-failureofproductbecauseofbeingout-datedorcompetitorscameupwithmuch- advancedproductorassociatedservices Teamrisk-executionteamleavingtherunningprojectssuddenly Suppliers’risk-vendors/supplierscancelingthecontractsatveryshortnotice Legalrisk-companiesfallingintolitigationswithcompetitors Environmentalrisk-suddendevelopmentofrulesandregulationsbystateorcentral governmentputtingpressurehardtosurvive Financialrisk-inabilitytoservicedebtornotmeetingfinancialexpectationsofoutsideequity providers

3. Ageneralapproachformitigatingorreducingtheimpactofrisks: Trytoforecasttherisk-althoughitisdifficultinchangingthebusinessenvironmenttosome extentitispossibleaswellasdesirable. Donotignoreifsandbuts-alwayshavebackupplan;beitrelatedtoproduct/services modification,newlaunch,executionteametc. Communicatewellinsideandoutsidetheorganization-miscommunicationwillcreaterisk Maintainrelationship-developandmaintainrelationshipswithcurrentcustomers/vendors andalsowithpastvendors. Raisefinanceonlytotheextentofrequirementsandstage-wise Focusoncuttingdowntheoperationalandothercosts Developnewwayofmarketing Howtostartanonlinebusiness Toconclude: Ariskisadouble-edgedsword.Takingriskisgoodbutmitigatingtheimpactofunwanted riskisdesirable.Understandyourbusinessandbusinessdynamicsverywellanddeeply.Do counterattackifpossibleandrequired. Ifyouhaveanyquerypleasecommentinthecommentboxbeloworcalluson02065363633

4. ContactUs: HeadOffice(India) Sr.No-29,Ajikyatara,kalaniketan,VentureCare Bank,3031AVRotterdam,(NL) Pune,Maharashtra411043(IN) Phone:(020)-65363633 VentureCareBranchOffice(Netherlands) Dhankawadi,NearRajshriShahuJonkerFransstraat46, Phone:+31614575275