The fourth and final part of our “Building Freedom into your Business” series is all about creating freedom by lowering your risk profile.

Let’s dig in:

Key Takeaways

Decrease risk by:

  • Preserving cash in your business – cash provides a buffer during unusual times.
  • Investing in yourself – especially in the lean times. Prepare yourself and your infrastructure for when times change. (Because times always change!)
  • Adopting a “Lean” mindset – Take a lesson from The Lean Startup by Eric Reis and develop “minimum viable products,” test them, then “fail fast” so you can iterate again.

The book mentioned in this video is The Lean Startup by Eric Reis.

Watch the rest of the “Building Freedom into your Business” Series

  1. Freedom into Your Business
  2. Freedom through Visibility and Accrual Accounting
  3. Debt Kills Freedom

Need help building freedom into your business?

Reach out to us at Seller Accountant. Sign up here for your free Amazon accounting consultation.

 

(Please note that links may be affiliate links and Seller Accountant may get a small percentage of your purchase if you buy via a link in our post!)