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How To Prevent From Business Risk To Avoid In An Startup?

in Outsourcing
What proactive steps can startups take to identify, assess, and minimize potential business risks in order to safeguard their operations, maintain financial stability, and increase the likelihood of long-term success?
From developing a comprehensive risk management plan to conducting thorough market research, implementing strong internal controls, and fostering a culture of innovation and adaptability, what strategies and practices should startups prioritize to effectively prevent and mitigate business risks?
Thanks
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