In the Rebeli case, the owners were worried that their business could fail, and they could go bankrupt. Describe any two steps the owners tried to use in the first year to lower their personal risk.

Question

Quizplus · Accepted Answer

The Answer is In the Rebeli case, the owners took two steps to lower their personal risk in the first year. First, they sought out a business mentor or advisor to provide guidance and support in navigating the challenges of running a business. This allowed them to gain valuable insights and advice from someone with experience, reducing the likelihood of making costly mistakes.

Secondly, the owners also explored the option of obtaining business insurance to protect themselves from potential financial losses. This could include liability insurance, property insurance, or other types of coverage to mitigate the risk of bankruptcy in the event of unforeseen circumstances or legal issues.

By taking these proactive measures, the owners were able to lower their personal risk and safeguard their financial well-being while working to ensure the success and stability of their business.

In the Rebeli Case, the Owners Were Worried That Their