Identifying risk and solution measures for businesses

[Ezekiel]

It is a very good ideal to involve risk in every business plan,and it's necessary to know that in business one should expect both profit and loss this is the only way he or she could make the business successful

 

[Shigobad20201]

It is a very good ideal to involve risk in every business plan,and it's necessary to know that in business one should expect both profit and loss this is the only way he or she could make the business successful

A good entrepreneur must be able to forsee the future and know the kind of risk that might arises in business and get a possible solution in the business plan just incase.

 

[Heatman]

I believe that before you jump into starting any kind of business, you must have researched into the business very well and have the information on the SWOT Analysis of the business. SWOT Analysis means - Strength, Weakness, Opportunities and Threat Analysis on the business. Once you have that, you can now now go ahead and draw up a business plan for it and imitate it.

 

[glitch]

Everyone always says to plan ahead and plan our your business ideas, goals, etc. but very few ever talk about planning for failure. I think planning for failure is just as important. You want to have a backup plan or two if things head south.

 

[Godspower]

Everyone always says to plan ahead and plan our your business ideas, goals, etc. but very few ever talk about planning for failure. I think planning for failure is just as important. You want to have a backup plan or two if things head south.

You are very right. Though most people tend to downplay failure of businesses, it is still a distinct possibility. An astute businessman must always be prepared for both outcomes (success and failure) and make plans for it.

 

[joy101]

It is impertinent to have a full proof business plan, a business plan that accounts for losses, progressions and projections. Every serious organisation with a future business plan have strategies and accommodations for partnerships.

Yes when starting up a business planning is very important to any business you are planning to go into, if actually you wants to be successful in that business you will first and plan about it.

 

[glitch]

You are very right. Though most people tend to downplay failure of businesses, it is still a distinct possibility. An astute businessman must always be prepared for both outcomes (success and failure) and make plans for it.

Most businesses face failure and only some bounce back from it. I can't tell you how many have filed for bankruptcy only to come back and be more successful. They planned ahead!

 

[Godspower]

Most businesses face failure and only some bounce back from it. I can't tell you how many have filed for bankruptcy only to come back and be more successful. They planned ahead!

Most people have the spirit of perseverance when things aren't going well for them. Unsurprisingly, they usually bounce back even stronger than before.

 

[Sincerem]

It is a very good ideal to involve risk in every business plan,and it's necessary to know that in business one should expect both profit and loss this is the only way he or she could make the business successful

Involving risk and any possible challenge your business could face in the future would really help you succeed more because you would like to have strategy to overcome most of the challenges when it arise.

And we also have to understand that there is no successful business without challenge.

 

[Syldan]

Actually is always advisable before starting any business you should be more educated in the risk and failure involved in the business when you know about these, it will definitely help you in handling major challenges when they occur.

 

[Good-Person]

Risk management and problem identification is one of the most important aspect of business. You just cannot run business without forming a proper plan in the initial stage.

 

[Sotherefore]

Yes I believe it is very important for us to know the risk factors involved in any business or anything we are doing , this can easily help us to get quick solution whenever we are faced with such challenge. I agreed with what you said.

 

[Chibson]

before venturing into any business it is always important to identify the risks involved in such a business and try as much as possible to provide a solution to them. That way when such problems arises you can know how to tackle it decisively.

 

[tyrim88]

Sure it should. Risk is essential for building any successful business, and so is making plans to handle the possible problems that might come with those risks.

One of the things about the issue of taking risk in business is that one should not just jump into any kind of risk just for the sake of taking risk,risk should be calculated and the buffer to ameliorate these risk should be put in place.

 

[Shigobad20201]

Getting yourself more educated on the business you are aiming to start is very important if you want to survive the harsh weather of the risk associated with the future of the business.

Actually is always advisable before starting any business you should be more educated in the risk and failure involved in the business when you know about these, it will definitely help you in handling major challenges when they occur.

 

[Syldan]

Risk is inevitable in all kinds of business and all entrepreneurs are advisable to always bear in mind that will be the only through which they can be prepared to faced all forms of challenges that may comes there way.