Question by goevogo: Business plan risk management for start up smoothie shop?
what are some of the risk involved?
how to avoid them?
Answer by Yahoo Is a Bastard
In your first 6 months to a year of being open, the biggest risk is being able to gross enough to pay expenses and employees, AND netting enough for the venture to even be worth your time. Avoid the risk by thoroughly planning ahead, having a good marketing strategy, AND by also having cash or some other type of asset(s) in case you need assistance making ends meet in your shop. Remember: Banks don’t like lending money when a company needs it.
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