What is one way for an entrepreneur to decrease risk? by mimicking popular products by maintaining personal flexibility by creating a strong business strategy by developing reliable sources for materials

By creating a strong business strategy. just took the quiz

One of the main steps an entrepreneur can take to reduce financial risks of a business is to develop a strong business plan. Before jumping in with two feet, you need to investigate the amount of time, energy, and capital you will need in your business. Invest on market research since this will give you an idea of whether or not your new business has any chance of success. Explore every available detail of this business you want to pursue out there and leave nothing to chance.

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