Steps to Taking Calculated Risks in Business [Infographic]

Steps to Taking Calculated Risks in Business [Infographic]
Like Tweet Pin it Share Share Email

Risk-taking comes in every aspect of life. Whether you’re pursuing a passion project, forming a new business partnership, or building a new product – with big decisions comes the positive and negative.

Calculated risk-taking is employed by entrepreneurs, start-ups, and successful companies alike. It involves a thoughtful evaluation of all potential outcomes. With this method, a strategy and plan are in place to anticipate red flags and change course if something isn’t working.

From breaking down your set goal into smaller individual risks or setting checkpoints to view progress, there are tools you can employ to make sure your idea doesn’t crash and burn. 

For steps on how to take calculated risks, a helpful formula for small business owners to calculate risk, and successful well-known company examples, view the visual below.


READ  5 Habits for Digital Leaders to Adopt in 2017