Identifying risk and solution measures for businesses

[Setfragil]

There is no business that does not involves one form of risk or the other. Once you can identify the risk, it will be very to easy prevents and if it happens, solving it won't be difficult.

 

[Alexandoy]

There is no business that does not involves one form of risk or the other. Once you can identify the risk, it will be very easy prevents and if it happens solving it won't be difficult.

You can probably identify the obvious risks like the unfair competition by big competitors or the continual rising of prices of the products. But it is not easy to identify the risks that you cannot see like losing products to stealing or the damage to the products like a flooding of the business place.

 

[Snazzy001]

The earlier you identify risk and solution problems of measures in your business, the earlier you realise peace in your life because these measures are in a detail of

 

[Richard92]

I can tell you that your first two points are the backbone of starting a successful business. You have to considered the risk involved in the business. What will happen if i decide to sell my product way lower to attract more customers.

It is very good you are the different risk and measures for business with his you can be able to be very successful in that business if you have identify the risks and measures of managing such risk

 

[Justin]

You should identify the risk before you start a business, you should be able to come up with the solution before you start a business. If you know the risk and soluton, you will become successful

 

[Ralphjoe]

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.

The fact that a company should have business plan it's very important for a business as a business without a business plan is like a business without directions and a business without directions can be lost on its way to doing its business through it is therefore highly beneficial for the business to have a plan or course of action for the business to take so as to guarantee its success.

 

[Trexxxy]

The fact that a company should have a business plan it's very important for a business as a business without a business plan is like a business without directions and a business without directions can be lost on its way to doing its business through it is therefore highly beneficial for the business to have a plan or course of action for the business to take to guarantee its success.

Well said. I think it is egregious to start a business in the first place without adequate planning and a working model. It will only lead to a catastrophic end.

 

[Kelly5]

Yes it makes sense. Factoring risks whole planing your business will help you on how quick and we'll you'll solve that problem when they arise in the future

 

[Jlife]

Yes, knowledge is the most important thing when you are starting a business ,I know anyone who is ready to engage into a serious business need to make sure that they have all the knowledge that is required to make the business successful.

 

[eLdavis]

You are very right. The reason why most business fail today is because they plan for how the business would start but they fail to have make backup plans against failures. Or even competition. As a business owner, thou it is good to have a positive mindset that your business would surely succeed but it is best to also have backup plans against failures as well.

 

[kayode10]

This are one of the steps you need to take in order to become more proactive with your business. it will be easier for you to spot a danger that may cause the downfall of your business very early and tackle it. Most people wait till danger or before they started making amendment. This is called fire brigade approach.

 

[Ralphjoe]

Well said. I think it is egregious to start a business in the first place without adequate planning and a working model. It will only lead to a catastrophic end.

Most businesses that started this we are nowhere to be found now because they do not have a well-defined business plan that is articulated in all the business benches and also to know how the business will conduct its research and produce highly quality products and services.

 

[BrolySSJ]

Yes, knowledge is the most important thing when you are starting a business ,I know anyone who is ready to engage into a serious business need to make sure that they have all the knowledge that is required to make the business successful.

Generally this knowledge may not be your own and there are cases when you have to employ someone externally in order to try and help you with that knowledge and technical aspect of a business.

 

[Senator]

Though it is not going to be possible to get a hundred percent plan. But it is going to be of very great importance of these factors are also out in place during the business planning stage to mitigate any blow back

 

[Chibson]

Proper planning is very important for any business that are really wants to succeed. If a business is well-planned then it will likely grow within a short period of time.

 

[Lens]

Identifying the risk involved in a business is a key to achieving success in a trade and also being able to find solutions to the problems that may come . Failure is inevitable but the ability to find solutions matters

 

[Setho]

I think that to identify all this, you will have to sit down and try to know what are the ways to which your product can be vulnerable and how best to fix them.

 

[Kelly5]

Planning or inculcating the plans for risk taking and possible failures in a business plan is a good method that ensures that every necessary steps and actions will be on ground in the event of an unfavourable outcome in the course of business and would have to be taken care of with speed and foreknowledge

 

[Jlife]

Generally this knowledge may not be your own and there are cases when you have to employ someone externally in order to try and help you with that knowledge and technical aspect of a business.

It is not advisable for people to go into a business you do not have any understanding about ,in any business you are doing it is better to do a business you are familiar with so as to understand what people you are employing will do.

 

[BrolySSJ]

It is not advisable for people to go into a business you do not have any understanding about ,in any business you are doing it is better to do a business you are familiar with so as to understand what people you are employing will do.

Generally when people have a business idea they have the idea but are unsure of the logistics that goes behind it. This should not stop them though and it should encourage them to get the right knowledge on it.