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Entrepreneurship

Taking Calculated Risks (ENT08)


Description
You take risks every day. When you’re crossing the street, trying out a new recipe, or sending that text, you’re risking a potentially unhappy outcome. But that doesn’t stop you from doing it, so why would it be any different for a business?

Every business needs to take some risks. If it doesn’t, it’ll never grow or learn anything. But the chances you take in your day-to-day life are much more familiar to you, so you know what the outcomes could be and how likely they are. Not knowing the details of risks can make you afraid, and that fear can restrict your business’s potential. This course is designed to show you how to measure the likelihood and impact of potential risks.

By the end of this course, you’ll be able to:

• Recognize methods of measuring risk
• Analyze the likelihood and impact of risk
• Compare measured risks to measured opportunities
• Explain the importance of thorough research

Why take this course?

If you’re a leader, innovator, or entrepreneur, then this course is for you. It’ll help you understand that risks need to be taken to grow your business. By learning to measure potential risks and compare them to potential opportunities, you’ll be able to take your company to new heights.

15 mins | SCORM | Takeaway Tasks

Version Date: 2021/09/03

Content
  • Taking Calculated Risks
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: Forever