Managing Risk | Page 2

Staying focused on whatever is the next thing gets you nowhere without a plan. Preparation and analysis are key for any business leader.

There was a time when a company's success came down to its experience, size and scale. Not anymore.

Protect your assets and safeguard your family's future with three documents that detail what will happen when you're unable to make decisions later.

Embracing a farmer's work ethic will do more than put food on your table.

When disaster strikes, you'll be ready.

Of course payment processors drop shady businesses but lots of honest businesses are deemed too much trouble to bother with.

Poker is a high-wire act that any CEO could recognize. You're managing risk at all times, and you're making decisions based on insufficient information.

The longer you are owed, the less likely you are to be paid.

Risk is inherent but minimizing it is pretty much common sense, when you stop to think about it.

How you perceive risk depends on internal factors you've never considered.

The well-known actor discusses philanthropy, success and the importance of being fiscally responsible.

Turns out, this former astronaut, inventor, explorer and physician, Dr. Scott Parazynski isn't immune to fear, but knows how to manage it.

Your company needs to encourage a prudent approach to taking the risks necessary to maximize your potential.

Calculated, or intelligent, risks, give an entrepreneur various options to approach problems.

Preparation mitigates entrepreneurial risk and smooths the road ahead.

Focus on the known factors when you can, accept ambiguities -- and understand that failure is never the end of the road.

Scenario planning can elevate your entrepreneurial vision, leading to increased value and growth potential.

Here are six ways you're making things harder for yourself.

You can't win if you don't play but winning consistently requires more than merely playing.

With some consideration of the risks that come along with success and effective planning, you can improve the odds that you will enjoy the fruits of your hard work for many years to come.

If you left your business for six months, would you have the right survival systems in place?