“Higher the risk, higher the reward” is the most common advice thrown around new entrepreneurs and startups by potential bidders and VCs in a bid to motivate them, however, that may not always be the wise approach. But what about reducing and managing risk from day one? This is something that is seldom talked about in business summits and autobiographies, however, most entrepreneurs practise the art of de-risking their business from the very beginning. This provides them with a safer and accelerated route to grow their startup without putting the business under unnecessary risks. 1) Solve Problems as Your Main Revenue Stream Budding entrepreneurs often waste a lot of time by taking unnecessary courses, building fancy websites and things that don’t solve problems or deliver any value. The easiest way to be successful is to solve problems quicker, better or more economically than your competitors. Yes, gaining knowledge, improving skills…
