Mika
VIP Contributor
Before I share my ideas on how to minimize risk in business, I will share some quotes from Warren Buffet.
Do not put all your eggs in one basket
Do not put your two legs inside the water without knowing the risk.
If you do not know who Warren Buffet is yet you found these quotes interesting, you can just Google the name because here I am talking about how you can minimize risk in business according to Warren Buffet.
The first quote signifies the importance of diversification in investment and the second quote highlights the importance of understanding the potential risk.
If you have all eggs in one basket and if the basket falls down the table, you will lose your all eggs. If you placed eggs in 5 different baskets and when 2 baskets fall down, you still have eggs in three other baskets. You have minimized the risk.
Do not put all your eggs in one basket
Do not put your two legs inside the water without knowing the risk.
If you do not know who Warren Buffet is yet you found these quotes interesting, you can just Google the name because here I am talking about how you can minimize risk in business according to Warren Buffet.
The first quote signifies the importance of diversification in investment and the second quote highlights the importance of understanding the potential risk.
If you have all eggs in one basket and if the basket falls down the table, you will lose your all eggs. If you placed eggs in 5 different baskets and when 2 baskets fall down, you still have eggs in three other baskets. You have minimized the risk.