121: Three Major Risks in Your Business + How to Mitigate Them

Profit + Prosper

We’ve all had nights where we’ve lost sleep over worries about our business failing. That stress and pressure can feel overwhelming, but it’s important to focus on what we can control instead of what we can’t. In this episode, I cover three areas that might be adding more risk to your business so you can proactively avoid a crisis in the future and minimize your worries about your business failing. I feel the weight lifting off your shoulders already!

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In this episode, I cover:

• 0:00 What it means to de-risk your business

• 4:43 Creating more income streams to avoid one client making up a large portion of your revenue

• 8:29 Diversifying your lead generation sources so sales never dry up

• 12:58 Preparing to lose a key team member at any time

I’m Sarah Young - an entrepreneur, investor, and millionaire mentor for female founders! I have over a decade of experience in helping entrepreneurs scale their businesses and build wealth at the 6- and 7-figure levels, in addition to building my own successful agency, and I started the Profit + Prosper podcast to help you do the same.

Profit + Prosper will help you make more money, save more money, and set yourself up to retire early while upgrading your life - all in a way that’s fun and empowering. In each episode, I’ll share tactical, strategic, and mindset tips to grow your business, increase your profit, and truly prosper in your business and in life. I hope you’ll subscribe so we can Profit + Prosper together!

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