The Myth of Risk in Business According to Flavio Maluf

While a lot of people admire and want to be entrepreneurs, there are quite a few things that make them shy away from starting a business. One of them is the belief that starting a business carries a lot of risk with it. While it is true that one has to be willing and able to risk something in order to be able to make a lot of money from their business. However, according to Flavio Maluf, some of the best entrepreneurs take risks. One of the things they do that increase their chances for success is do a risk assessment.


One thing that some of the better entrepreneurs know is that starting a business does not have to be a gamble. With a lot of research, entrepreneurs can minimize the risk they take. For one thing, it is important to know about all of the different ways to reach people and gain customers. There are a lot of effective and affordable ways to gain customers. When entrepreneurs learn about these methods, they can save on a lot of the money that they spend. Also, they don’t have to rent out property in order to run a business. A lot of businesses actually start out online. As a result, people find that they are able to make tons of money before they rent out any extra space.


Other things that Flavio Maluf suggests when it comes to risk is to analyze the market and look at the competition. One thing to understand is that there is always going to be competition. This is especially the case in industries that attract a lot of customers. Therefore, it is important for entrepreneurs to know how to outdo their competition so that they can get some of the business and the income that comes with it.