4 Risks and Payoffs to Running Your Own Small Business

For most of the risks that you face in running a small business, there tends to be a corresponding payoff that goes hand in hand with it. Business insurance will deal with some risks that can damage your company and work on ways to mitigate them, but there are more general risks that a business faces that are far from insurable. Luckily, these less insurable risks do normally come with a silver lining to balance things out.

Risk: No financial security
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You’re Too Savvy to Make These 5 Rookie Entrepreneur Mistakes – Or Are You?

You’re bound to make more than five mistakes as a neo-entrepreneur (young and fresh entrepreneurs who are less experienced than their older, more established counterparts), especially during the startup years. Entrepreneurship means going through a lot of uncharted territory and interestingly enough, many of these mistakes stem from characteristics that make a person an entrepreneur.

Entrepreneurs who succeed tend to share the following traits: Continue reading