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15min chapter
#759 - Unlock Wealth Through Financial Fluency
Tropical MBA: Entrepreneurship & Founder Lifestyle
Managing Internal Risks in Businesses
This chapter delves into various internal risks faced by businesses, such as idle staff, client concentration, dependency on key individuals, lack of power strategy, and overhiring due to greed. It stresses the importance of understanding finance as the language of business and the significance of reevaluating risks as a business grows. The chapter also emphasizes the importance of accurate accounting practices, using metrics to measure success, and being fluent in financial language to make informed decisions and ensure business stability.
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