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FORBES – To de-risk a business from the beginning, entrepreneurs should focus on validating their business model, securing diverse funding sources, and building a resilient team. Validating the business model involves rigorous market research and testing to ensure product-market fit. Securing diverse funding, including venture capital and customer pre-sales, reduces financial dependency on a single source. Building a resilient team with diverse skills and a shared vision strengthens the company’s ability to navigate challenges. Implementing these strategies helps mitigate risks and sets a solid foundation for long-term success.
By Lewis Schiff
HBR – Reflecting on personal goals, preferences, and past experiences can help employees identify the rewards and recognition that are most meaningful to them. By listing and ranking these preferences, observing workplace practices, communicating with managers, and providing constructive feedback, employees can guide their employers in offering more effective and personalized incentives. This approach enhances motivation, engagement, and job satisfaction, benefiting both employees and organizations.