Melissa Houston is the author of Cash Confident: An Entrepreneur's Guide to Creating a Profitable Business, and the founder of She Means Profit.
Reclaim Your Voice With Micaela Erlanger, Prominent Celebrity Stylist And Author Of “How To Accessorize: A Perfect Finish To Every Outfit”? Each path has its own set of challenges, potential gains, and risks. The decision is one that most entrepreneurs will face at some point in their careers.
Risk mitigation: With historical financials and operational data at your disposal, you can make informed decisions that mitigate some of the risks typically associated with startup ventures.JetBlue Stock Spikes After Billionaire Carl Icahn Reveals Nearly 10% Stake Potential liabilities: If you're not thorough in the due diligence process, you may inherit undisclosed debts and legal responsibilities.
Resource constraints: Capital, skilled labor, and credibility in supplier and customer networks are just some commodities that are either lacking or cost dearly in the early stages of a new business.
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