Jan 29, 2018
In episode 13 of Financially Simple, Justin takes a look at the ins and outs of Risk Assessment.
In business there are risks - the key to a successful business is knowing the specific risks to that industry and how to counter or absorb them. Justin talks about what risk is, the legal side of it, how to identify it, and how to address it, giving a candid example from his own experience dealing with risk.
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00:41 - Listen to Your Good Angel - Don’t Do It!
02:00 - A Cautionary Tale
04:18 - Risk Management
04:53 - What Is Risk?
08:19 - The Legal Aspect
08:51 - Why Does it Matter?
09:55 - How to Identify Risk
10:39 - Where to Start
13:43 - Risk Assessment
16:48 - Know the Law
20:05 - Risk Management is Vital
For more in-depth reading about this podcast series, pick up a copy of Justin's new book: The Ultimate Sale
Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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