Risks involved in business.

[ahmedo24]

Every business comes with risk attached though it may be low, moderate or higher, many people fail in their business because they are unable to identify the risk involved in the business. For instance the risk is Crypto currency business is possibility of hacking into wallets and volatile nature of the coins. Mention businesses and the likely risks attached to them.

 

[Sariana23]

If in fact every company has risks, for example I have a friend who set up a restaurant and to find the cheapest I buy the utensils online without verifying the site, and he had a great economic loss, since the products that arrived were of poor quality and he could not reverse the business, since the company had disappeared.

 

[Erik4150]

Forex trading is a business that is profitable yet risky. Newbies have lost a lot of money to forex due to lack of knowledge.
I have also lost money to ponzi schemes parading as forex investment platforms.

 

[Emmanuella]

Every business has risks involved, I have a friend that's into fashion and design, he bought a weaving machine online and payed without verifying what he's buying, only to find out he's been scammed of huge amount of money. Ignorance in business is one of the biggest risks

 

[Chumzy]

There so many risk involved in setting up and running a business, so one has to be careful to avoid losing. One general risk is that of failing, and losing your investment, which could even be sourced from a loan provider. Running a business therefore becomes more delicate and one should take utmost caution.

 

[Sincerem]

If in fact every company has risks, for example I have a friend who set up a restaurant and to find the cheapest I buy the utensils online without verifying the site, and he had a great economic loss, since the products that arrived were of poor quality and he could not reverse the business, since the company had disappeared.

Too bad,that is to say all business is attached with risk. Any business that is risk free isn't a business type. We must face risk one way to another if we truly want to be successful in the business we should always take a calculated type of risk. Sometimes we accrue losses unexpectedly, just as your friend experienced. But that won't be a barrier to stop prematurely, we ought to move forward and forget some setback to achieve business success.
[automerge]1609869190[/automerge]

If in fact every company has risks, for example I have a friend who set up a restaurant and to find the cheapest I buy the utensils online without verifying the site, and he had a great economic loss, since the products that arrived were of poor quality and he could not reverse the business, since the company had disappeared.

Too bad,that is to say all business is attached with risk. Any business that is risk free isn't a business type. We must face risk one way to another if we truly want to be successful in the business we should always take a calculated type of risk. Sometimes we accrue losses unexpectedly, just as your friend experienced. But that won't be a barrier to stop prematurely, we ought to move forward and forget some setback to achieve business success.

 

[giddy]

They is risk in business, but it should be the legal one
Legal risk is the risk of financial or reputational loss that can result from lack of awareness or misunderstanding of, ambiguity in, or reckless indifference to, the way law and regulation apply to your business, its relationships, processes, products and services.

 

[Kinglegend01]

Every business has a or some risk factor that is peculiar to it. There is no business without some amount of risks.We must face risk one way to another if we truly want to be successful in the business we should always take a calculated type of risk. Sometimes we accrue losses unexpectedly
One general risk is that of failing, and losing your investment, which could even be sourced from a loan provider. Running a business therefore becomes more delicate and one should take utmost caution.

 

[Hassan14]

Every business comes with risk attached though it may be low, moderate or higher, many people fail in their business because they are unable to identify the risk involved in the business. For instance the risk is Crypto currency business is possibility of hacking into wallets and volatile nature of the coins. Mention businesses and the likely risks attached to them.

Forex trading is a very risky business because it can be detrimental to you, so you need to understand it well before you can understand it. And if you don't understand it and start with you, it's a very risky job.

 

[Sariana23]

Too bad,that is to say all business is attached with risk. Any business that is risk free isn't a business type. We must face risk one way to another if we truly want to be successful in the business we should always take a calculated type of risk. Sometimes we accrue losses unexpectedly, just as your friend experienced. But that won't be a barrier to stop prematurely, we ought to move forward and forget some setback to achieve business success.
[automerge]1609869190[/automerge]

Too bad,that is to say all business is attached with risk. Any business that is risk free isn't a business type. We must face risk one way to another if we truly want to be successful in the business we should always take a calculated type of risk. Sometimes we accrue losses unexpectedly, just as your friend experienced. But that won't be a barrier to stop prematurely, we ought to move forward and forget some setback to achieve business success.

Yes, actually that's what happened, he perked up and continued. So far it is one of the best restaurants in the sector and it is always very busy, at this time of the pandemic it continues to work and has a person who is in charge of taking the orders or failing that, people come and ask for the take away service . That is perseverance and forgetting setbacks as you say.

 

[btaliat]

As you said, all businesses have their risks. Real estate business has the risk of being scammed by customers. Renting of house has risk of tenants not paying as and when due. Transportation business has the risk of accident. In short, no business without risk.

 

[Kinglegend01]

Every business has a or some risk factor that is peculiar to it. There is no business without some amount of risks.We must face risk one way to another if we truly want to be successful in the business we should always take a calculated type of risk. Sometimes we experience losses unexpectedly.One general risk is that of failing, and losing your investment, which could even be sourced from a loan provider. Running a business therefore becomes more delicate and one should take utmost caution.

 

[Josemendez]

There is no business that can be risk free , the only thing about risks in business is to make devise a good risk management strategy that can help one to be able to manage the risks and still be able to make profit from the business at the end.

One may only be overwhelmed by the risks when he fails to plan himself

 

[ahmedo24]

As you said, all businesses have their risks. Real estate business has the risk of being scammed by customers. Renting of house has risk of tenants not paying as and when due. Transportation business has the risk of accident. In short, no business without risk.

That's true, though the easiest way to manage the risks identified in the business are to ensure you deal with registered estate agents, you ensures Tennants are committed legally and in the area of transportation business the first is to insure the business.

 

[Adexgrace]

People tend to focus on profits on business rather than the risk but with posts like this our attention can be called back to risk in business. There are different risk involved for different business but one must make the risks are properly managed.

 

[GIFTMICHAEL]

No business no risk. Failure on the part of entrepreneur to identify possible risk can close down the business entire.
Some businesses doesn't last this is simply because there are attacking force which tend to slow profit maximization.

I want to say this it might sound funny location of a business can post a risk to business. I stand to be corrected

 

[Damismiling]

Life is full of risks and so likewise is any business, many risks are associated with businesses, as a business owner or enterprenuer you must understand how to properly manage risks, some of those risks could include the following:
Machine break down
Accident
Loss
Unfavorable government policy
Lockdown and many more

 

[Pirate]

Every business comes with risk attached though it may be low, moderate or higher, many people fail in their business because they are unable to identify the risk involved in the business. For instance the risk is Crypto currency business is possibility of hacking into wallets and volatile nature of the coins. Mention businesses and the likely risks attached to them.

I think every business involves taking a risk but in the case of cryptocurrency I don't actually agree with possibility of hacking into people's crypto wallets because this wallet has been designed in such a way that another person cannot access someone's wallet.
It has a high-end security system and also a 12 word lock, so the chances of hacking into someone's wallet is very minute.

 

[Sincerem]

Yes, actually that's what happened, he perked up and continued. So far it is one of the best restaurants in the sector and it is always very busy, at this time of the pandemic it continues to work and has a person who is in charge of taking the orders or failing that, people come and ask for the take away service . That is perseverance and forgetting setbacks as you say.

That's a good news, he showed an example that needs to be followed. I really love such buoyant and steadfast type of individuals. No matter the setback he stood firm to move his business initiative higher and now he is reaping that reward.

 

[Mujahid12]

Every business comes with risk attached though it may be low, moderate or higher, many people fail in their business because they are unable to identify the risk involved in the business. For instance the risk is Crypto currency business is possibility of hacking into wallets and volatile nature of the coins. Mention businesses and the likely risks attached to them.

If we start any business, there is a risk factor in it and because in the risk is must in every business, possible, to be successful in the life the you must take risk in the life and also this prove key in the way of success.