Most risky business you know?

[Jlife]

Almost all businesses have risk factors. Financial loss is one risk factor, however, some risks are associated with security. Business risk also increases if you are placed in the wrong place.

From What you are saying I think all business is risky if they are not in a location that is secured, because security of a location is one of the things that determine the risk, but the case may not be in a transportation business that is risky because of accident.

 

[ahmedo24]

Risk is definitely attached to every business you see arround but if you can identify and manage the risk in the business you will definitely succeed in it.

 

[Good-Person]

The most risky business I know is smuggling of cars and contrabands generally those are into it are really trying because it's a 50/50 thing you don't know if they will come back home

I am pretty sure smuggling cars is something that is definitely not legal in any country. It is much better to import and export cars in a country where they do not charge duty fees. I am not aware about any such country that does not charge duties.

 

[Hena101]

There is no business without a risk, but it depends on the one you can take and handle. And coming to the most risky business i know they are many it may be risk to me but profitable to another person that's business for you. But the one I l know and can never do is transporting perishable things to another place.

 

[Shigobad20201]

In my area, kidnapping, money laundering and being robbed are those things that resist me from doing POS of a thing because we only have one bank in my community and it's very from us. I don't know if there's anyway to do it and be successful because I think it would be lucrative in my area.

There are some areas in which you can be robbed of your Money when doing a money business, so its better to make a research on the area you are trying to launch your business.

 

[Ebro01]

Risky business are mainly based on profit or loss.When the demerit is higher to the merit ,u can't predict it.There alot of risky business I know like fruits dealers,if there is no adequate storage facility it will decay when it stay too long on the ground, because nothing to preserve and protect it.So if much is been invested it means the business will not be favourable.

 

[Setfragil]

You are right, this made me remember what i heard of a POS agent said. I was making some withdrawals with my atm card when someone else came and was like he wanted to make a withdrawal but there is no card, so it would be through transfer. The POS agent refused. Her reason was that someone sent had scammed her like that before, she does not know how he did it. He came and made a transfer, it showed on her bank and she gave out the money, only for her to see the transfer alert gone and there was no money. It was a fake transfer alert. So the person actually took free money. I was wondering how the guy actually did that, when i heard the issue

This one is even common and easy to do. He must have collected her number claiming he will have to input it on his mobile banking app for the transfer to be successful. He will now edited a credit alert on his phone and send it through bulk sms using the name of her bank as the sender, which she will receive the message as if it was her bank that sent it.

 

[Alexandoy]

I am pretty sure smuggling cars is something that is definitely not legal in any country. It is much better to import and export cars in a country where they do not charge duty fees. I am not aware about any such country that does not charge duties.

You are right. Any illegal business has the most risk for me. There's also the business of dealing with illegal drugs that can even land you in jail when you are caught. I would not have the guts to enter in those kind of business even if the earnings would be in millions.

 

[Emmy]

There are some areas in which you can be robbed of your Money when doing a money business, so its better to make a research on the area you are trying to launch your business.

Especially my area is dangerous. It's full of bandit, armed robbery, kidnapping and all the likes. It's just that our government do not provide enough security so we can't do some lucrative business here.

 

[Abigael]

Risk is definitely attached to every business you see arround but if you can identify and manage the risk in the business you will definitely succeed in it.

That is right. The key is identifying the risks and doing your best to reduce them. This is by coming up with strategies that will help you in managing the risks.

 

[eLdavis]

This one is even common and easy to do. He must have collected her number claiming he will have to input it on his mobile banking app for the transfer to be successful. He will now edited a credit alert on his phone and send it through bulk sms using the name of her bank as the sender, which she will receive the message as if it was her bank that sent it.

Wow thank you for the explanation. It is well, alot of people usually do this, that is why most POS agents do not agree for transfers the rate of risk within the pos business is indeed much and one needs to be careful

 

[ahmedo24]

Security measures needed to be taking serious in POS business especially if the agent is located in a business area, he or she must be very strategic on how he moves physical cash.

 

[Richard92]

Almost all businesses have risk factors. Financial loss is one risk factor, however, some risks are associated with security. Business risk also increases if you are placed in the wrong place.

One of the most risky business I know is forest trading if you don't know how the business works you will loss all your money.

 

[Fizzy_boi]

Actually all businesses are all about risk if it's not about risking then it isn't worth calling a business at all .But at least I do look at those who operate a POS they are seriously trying hard .

 

[Setfragil]

Wow thank you for the explanation. It is well, alot of people usually do this, that is why most POS agents do not agree for transfers the rate of risk within the pos business is indeed much and one needs to be careful

It is very easy to detect a fake bank credit sms alerts. Anytime you receive credit a alert, always make sure to check the total balance in your account after adding the one you received with it.

 

[eLdavis]

It is very easy to detect a fake bank credit sms alerts. Anytime you receive credit a alert, always make sure to check the total balance in your account after adding the one you received with it.

True though that is the easiest way. I think when a legit credit alert is sent to your phone, the balance of what you had and the new amount usually comes along with the message. I guess the reason why most of them fall to these are basically because they dont put their eyes down to notice these things or they are usually in a hurry.

 

[Shigobad20201]

I will see almost all business one venture into has its own risks every business has Alex the only thing you have to do as a business investor is to know how to manage such risks.

The simple truth is that all the business has their own advantage and disadvantage, so the normal thing is to find a way to tackle and brush away those risk so that it won't affect the company.

 

[Fizzy_boi]

Actually in my own term and opinion all businesses are risky definately they are it requires a well composed mind to get an idea work on it and get things earning straight out of it .

 

[ahmedo24]

Every business person must be aware that risk is inevitable in all business , take accurate or reasonable risk to make more money from your business is the secret .

 

[Richard92]

Almost all businesses have risk factors. Financial loss is one risk factor, however, some risks are associated with security. Business risk also increases if you are placed in the wrong place.

There are so many risky Business these days especially when it comes to stock exchange and forex trading most times this business can be very risky.