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Business strategy
Want to start a Business: Try Low Risk Business
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[QUOTE="Mika, post: 257974, member: 29399"] If you want to start a business, the first thing you need to check is your risk tolerance level. What exactly is a risk tolerance level? It is a level that helps you to understand how much risk you can bear without harming yourself. Understanding your risk tolerance level means drawing a line between the risk you can handle and the risk you cannot handle. In order to understand this, first of all, you need to evaluable your net worth. Understanding your net worth means you know how many liquid assets you have, how many liabilities you have, and how many fixed assets you have. This will help you understand how much business risk you can take without harming your finances. Once you know your risk tolerance level you can determine which business is right for you and which is not. There are also other factors to consider regarding whether the business is appropriate or not. [/QUOTE]
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Want to start a Business: Try Low Risk Business
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