Joe FierHead of Builds, Delphi · Scaling expert knowledge with AI

Entrepreneurship Risk Control: How to Minimize Risk

Name: Entrepreneurship Risk Control: How to Minimize Risk
Uploaded: 2025-01-22T18:56:27+00:00
Duration: 6 s
Channel: Joe Fier
Description: This content was created by Joe Fier. This content was uploaded by Joe Fier. This is a YouTube video titled "Entrepreneurship Risk Control: How to…

22 Jan 2025 · 0 min

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This content was created by Joe Fier. This content was uploaded by Joe Fier. This is a YouTube video titled "Entrepreneurship Risk Control: How to Minimize Risk" created on January 22, 2025, featuring a conversation between Joe Fier and another speaker discussing risk management strategies in business, emphasizing the importance of control and standard operating procedures.

And let's talk about risk management. You know, as someone with a business, are there some fundamentals there that you would recommend?
I think so. Risk is related to control. The more control you have, the less risk. The less control you have. More risk and no control. Well, that would be gambling. So in a business, I think part of the, part of what brings controls is you want to have good standard operating procedures where you kind of remove, maybe not the human element, they still have to follow those procedures, but you want to McDonaldize things as much as you can. You want to have systems in place, legal in place, great communications in place.