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Unknown Risk (Change (Market Change (Solution (Customer Surveys, Cater to…
Unknown Risk
Change
Market Change
Solution
Customer Surveys
Cater to needs
Attempt to forecast
Ask Customer feedback
Technology Change
Solution
Attend seminars
Monitor news
Invest in new technology
Research / Develop
Competition Change
Solution
Monitor competiton
Improve their "edge"
Exceed competition
Overall Startup Risk
Approx $3,000 Start up
Evaluate Overhead
Attempt to Project year GDP
Financial Risk
Solution
Start small
View market
Feasibilty
Position self for success :star:
Accept "speed bumps"
Keep pushing