Mike AndesFounder, Augusta Lawn Care and Homeworks · Founder of Homeworks and Augusta Lawn Care

taking RISK in your Small Business

24 Aug 2022 · 0 min

Watch on YouTube

0:21

A short YouTube video (by Mike Andes, uploaded Aug 24, 2022) giving business-owner advice about risk tolerance and self-awareness. The speaker emphasizes that every business needs a tolerance for risk (e.g., hiring employees, spending heavily in year one and accepting early losses) and that owners should be self-aware to protect weaknesses and double down on strengths.

Any business, regardless of how stable you think it might be. You need to have a tolerance for risk, whether that be hiring employees or spending a bunch of money the first year and, you know, technically losing money on the business to get it started. But self awareness in general for a business owner, in my opinion, is very important so that you can guard your weaknesses and then emphasize and really double down on your strengths.