Posts Tagged ‘Risk’
Avoiding Risk: The Opposite of Being an Entrepreneur
Recently I was at a business networking event in New York. And a man was doing a good job presenting his product to the audience. It was high-end with nice “green” features that he was hired to design for his client, who operates in a very competitive industry. But there was no indication of the environmental features of the product, a key selling point.
After the presentation, I asked him what was up with that. He said his company has been around for 50 years and they are not about to change. How’s their business doing? “Struggling. Sales are way off and more competition is setting in daily.”
Businesses are in serious trouble when are not taking on bold, new ideas. Especially today with the economic climate, fierce global competition and technology shifts.
