132. “Managing Business Risk with Jim Stevenson"

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Dawn talks with Jim Stevenson. Jim is the Founder and CEO of Bletchley Group, an International Growth Consultants: Strategy | Transformation | Growth. Dawn and Jim talk about risk people who are risk averse, whether or not you should make a decision, how you make that decision, the strategy around mitigating risk and making the decisions, and also why it's so important to make a decision.

In this episode…

Who is Jim Stevenson and whom does he serve? (1:02).

How should we view risk as a business owner? (1:39)

How would we know what our risk appetite is and does it change the longer we're in business? (2:37)

As a business owner, how can you assess the impact of decisions with more confidence? (4:56)

Have you encountered business owners who make decisions without considering the broader effects, opting instead to hope for the best? (8:00)

How can we gather evidence or identify indicators to define the risks and potential outcomes of a decision? (12:11)

How can a decision to pivot provide a new opportunity after realizing the lack of prior planning or analysis in a significant decision? (17:05)

How do market dynamics influence decision-making, and what risks arise if we fail to monitor and adapt to market changes? (19:27)

When do you recognize that a decision isn't working and needs adjustment, rather than sticking to it for too long and risking long-term harm to the business? (22:02)

Do you think that this long-term kind of perspective came from the fact that you were an athlete at that level? (20:41)

Did you ever feel like it wouldn't work or you weren't seeing results fast enough?(22:19)

Do you believe that balancing aggression in one aspect of your ventures and defensiveness in another contributes to maintaining perspective and resilience during challenging times when results seem slow to materialize?(24:05)

Jim Stevenson’s Information.

WEBSITE:https://www.bletchleygroup.com/

FB: https://www.facebook.com/JimStevenson.Coach/

Linkedin: https://www.linkedin.com/in/jimstevenson

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