Channel Eye has joined forces with Royston Guest, leading Business Growth Coach and CEO/Founder of Pathways Global, in our series, ‘Ask the Business Coach’.
Invisible risks in a business are the hidden threats that quietly undermine performance, growth or reputation long before they’re visible on the surface.
They can stem from culture, complacency, overreliance on key people or clients or outdated systems. Spotting and addressing these unseen risks early is what separates resilient businesses from fragile ones.
Three key takeaways
- Are you suffering from ‘Oneitus’?
- Identify your single points of failure.
- Stress test the business..
Episode timestamps
- [0.40] Is your business suffering from the disease called ‘Oneitus’. The hidden fatal weakness, the single point of failure that exists in your business today. A single salesperson delivering 80% revenue, the one key product/service line delivering 80% of your profits, the one big client, the one social media channel you rely on.
- [3.06] These single points of failure can break your business, lose you revenue quickly, and make you hostage to a single client or salesperson.
- [3.25] Diversify your revenue streams, build strength in your people strategy, be aware of your client concentration risk, and review your marketing activities. Stress test your business to identify where ‘Oneitus’ could be growing, without you realising.
Do you have a question for the Business Coach?
Send your questions to [email protected]
Missed a previous episode? Catch-up and watch the series here.
