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I hope you find my writing and business tips and observations useful. My business and blog are dedicated to helping businesses communicate clearly and reach their potential. Read, subscribe to my newsletter, enjoy!Tash

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Risk acknowledgement

How often do you consider the risk of running a business?

As much as we’d love business to be about profits and perhaps doing what we love, there are also risks to running a business and ignoring those risks can lead to all sorts of problems. Acknowledging risks, however may mean yu can reduce the likelihood of them occurring and allow you to plan ahead to make dealing with a risk easier.

Here are some risks you may want to look at for your business:

Allowing learning…

I read a blog post called Tilda Virtual Services is moving – again! and I was impressed enough to write an answering post, as well as leaving Kylie a comment!

The background is that Kylie started a VA business from home a few years ago. As things were going so well, she moved into an office earlier this year – a big step for her and an exciting one! After nearly 6 months, Kylie has decided to close the office and operate from home again.

 Kylie took a risk and left her comfort zone by moving into an office. In doing so, she was able to change her work habits (no more midnight work) and define work and family better.

What I found inspiring about this is that Kylie has realised she is better suited to work from her home office, and has set up her business so that doing so is still feasible. Instead of just accepting the office as what she ‘should’ do as a successful business or worrying that moving out after 6 months is a ‘failure’, Kylie is doing what is right for her.

So often people let themselves get stuck into a rut because they think it is expected of them or don’t want to admit a previous decision was wrong. But why not admit a decision wasn’t right, but was worth trying?

As Kylie said “If I didn’t, I would have wondered if moving out was the right thing to do and I wouldn’t have developed my good habits so I don’t regret it at all. Life is a series of learning experiences and this was another one of those.”

Taking a risk doesn’t mean closing off options – it just means giving something new a go and then deciding what to do with the new knowledge and skills you gain from the experience.

Have you ever taken a risk and then decided to go back to how something used to be?