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Here are seven tips to minimize small business risk. From Yahoo! Finance, these tips can help you to reduce risk in a field fraught with uncertainty. Though entrepreneurs are used to taking chances, the article says, it's important to do what's necessary to protect yourself in the event that some gambles don't end up paying off. Though the article talks a great deal about minimizing risk, remember not to go out of your head with worry when starting a new venture. A certain amount of insurance may make sense but also drives up costs perhaps increasing the chances of eventual failure. Take sensible precautions but don't go overboard in believing you can or should plan for every eventuality.