S2:E9 – BAP Series: Scale up your business - Navigating the Risks of Business Growth and Expansion
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S2:E9 – BAP Series: Scale up your business - Navigating the Risks of Business Growth and Expansion
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In this episode of Business Acceleration Playbook, Maria and Tim discuss how to identify and manage risks associated with scaling a business.
They emphasize the importance of categorizing risks into capacity, relationship, and process, and provide examples such as competition, financial issues, and staffing.
The hosts also highlight the tendency to overlook certain risks when scaling a business.
Tune in to gain valuable insights on mitigating risks and ensuring successful business growth.
00:00:19 Identify and manage business risks. 00:06:34 Importance of balancing risk analysis 00:09:40 Mitigate risk through strategic planning. 00:15:12 Assess risk before taking action. 00:19:13 Operational risk and supply scarcity. 00:28:14 Assess risk before scaling. 00:29:39 Communication is key in risk management.
For blogs, business tips and to contact Tim and Maria:
Visit: businessaccelerationplaybook.com