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 risk, how to identify it, and how to address it, giving a candid example of 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
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pick up a copy of Justin's new book: The Ultimate
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Neither Financially Simple, LLC nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. Justin Goodbread, CEO of Heritage Investors, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through Heritage Investors. The information contained within the podcast is for informational purposes only and not considered investment advice. Seek help from a competent Financial Advisor.