What Is Your R.I.S.K. Tolerance?

by Coachcubas

August 24, 2009

Anyone running, opening or selling a business take heed. Risk is a business element that is often side stepped.

Initially, a simple check list can reveal areas that need closer scrutiny. Although a simplistic approach, this process makes it tangible and better able to be addressed.

Items to consider:
1. How long can your business operate with little or no income?
2. What resources are in place for business resumption after a disaster?
3. Where do you back up your company data?
4. What is your line of succession if something happens to a company principal?
5. What is your R & D budget and what role does it play in your projections?

These simple questions will get the topic opened and begin a conversation with your advisory board, partner or whomever can offer you information to avoid disaster. Good luck. The attached link is food for thought.

Your coach,
Michelle Cubas

http://feeds2.feedburner.com/blogspot/qDYb
c7e4232e6ad5e385652b43c83aeae033-1331863127

Coachcubas

As a credentialed business coach and analyst, one of my primary functions is to work with individuals and company managers to clarify where they are presently, where they would like to advance, and what tools they have and need to achieve their desired outcome.

I use a variety of tools to assess perceptions including Platinum Rule instruments, my experience and training in assessing behavior. My preferred tool is the EQ-i®, emotional intelligence inventory. I have specialized training on the EQ-i® and DISC Inventories and access to multiple other sources including a company culture index. I prefer the EQ-i® because it is the least judgmental instrument I have found. It focuses on strengths and areas of development related to the goals set by the individual. For example, people are more likely to apply the EQ-i®’s information rather than label themselves by the Myers-Briggs categories.

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