Does anyone have any examples they know about of how some people have "reduced their risk" in business? I know there are MANY ways, and each successful entrepreneur I've studied seems to have a different way to do this....

I think this is a pretty important topic, since if you've reduced your risk, you can afford to "experiment" and find out new things which work. That is, one "failure" won't bankrupt you! I believe this is one of the most important topics in business - but almost nobody talks about it! I'd love to hear of any other ways of reducing risk you may know of (to add to the examples in my earlier post)....

I hope you received something of value from this and my earlier post. Now, time to make myself some coffee.... :)

- Dien Rice