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Money is one of the fundamental driving forces behind the decision to start an agency. It's vital to learn the essential fundamentals first. The foundations of owning your agency are relatively simple to understand if you're taking your time and learn the relevant info. From here on, you could learn a few practical strategies to help you know the agency basics.
One of the most effective means of preventing financial disaster is by doing detailed risk analyses before making any major decision. Even well-managed businesses can suffer severe damage from the unanticipated consequences of making decisions that don't take all potential risks into account. Minimize your risk whenever possible, as more significant risks are more likely to sink your agency. Preceding any significant decision with a period of detailed risk analysis can keep your agency operating in the black.