What are your best ideas to use capital to minimize the risk of failure?

This is purposefully a very -ended question with no constraints in order to ideally generate a broad discussion.

How have you managed to strategically use your capital to positively mitigate the risk of failure?

On my end, I am sitting on significant capital and would like to apply this first principle, and would like to make sure that I am learning from what has worked for others.

I want to work under the principle of failure (e.g. full company bankruptcy or going out of business) is not an option; and while I have plenty of capital available I would like to put in place those mitigation strategies.

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