What Risk Management Is NOT

One way of understanding risk management is to think about what risk management is not. Let’s take three minutes to compare and contrast risk management and other, related concepts. Risk management is not worrying. It’s not about fretting and constructing...

Stamping Out the Bad

McKinsey & Company earns its reputation as a premier consulting company every day. Their recent blog post by Huggy Rao and Robert Sutton, Bad to Great: The path to scaling up excellence,” is a case in point. That article summarizes seven core points from Rao and...

More Resources On Why Small Businesses Fail

We’re not the only ones identifying risks for start-ups and small businesses. Following up on our previous post, here are other useful recent articles and resources addressing the same topic: Paul Graham’s excellent blog post, George Deeb’s entry in the Forbes...

Why Small Businesses Fail

Hundreds of thousands of small businesses are founded each year. Unfortunately, many of those businesses will fail. Research suggests many common reasons. This article lists and describes those risks. We group the risks under three headings: strategic, operational,...