How Do You Buffer Your Operation Against External Risk?

This week’s online poll question is “What’s your primary means of buffering your business against external risk?” Be sure to leave your thoughts in the comments section after voting.

Discuss this poll 2

Anonymous
on Jan 3, 2014

I am at the mercy of the markets when I sell. I can generally try to control my costs by less costly inputs. That is a constantly evolving situation.

Anonymous
on Jan 3, 2014

This poll needed to provide a ranking. I would have voted Managing Costs, Paying down debt, Increasing working capital and Locking in margins in that order. However, locking in margins might be a tool to accomplish each of the others--however, not nearly as important to long term profit.

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