Risks involved in business.

[Ayokex]

Everything in life involves risk so it's no news that business is full of risks. As we wake up in every day to day activities we take risk even unknowingly to us. To shy away from doing business of the risk involved is trying to avoid a car because you don't want to have an accident. Every business owner know the risk involved and they do everything possible to avert, mitigate or getting ready for it. Try and understand the risk involved in your business and get prepared for it, then it becomes a calculated risk.

 

[Rashid]

Yes there is always a risk factor in every business either online or offline. When we talk about online business there will be certain, i think more risk involved in the shape of hacking wallets, or fruad. So in offline business you faced risk of money also. There is nothing business without risk. In crypto currency there is always risk involved.

 

[Shahzad Ahmad]

Yes, every business is risky when you want to start it according to your own thoughts. It may physically or online both are risky because you can start it with much budget but you are not sure that it will be successful. You should work hard and keep fully information about it and you should start it according to season of any business that you want.

 

[Yewande]

Risks involve in business varies. It all depends on the type of business you are into. When starting a business, it's always important to evaluate the risk involve and how willing you are ready to commit.

 

[Ayokex]

It is well said that their are lesser risks involved in online business compare to the offline business. Offline business involves a lot of risks which if not well managed can bring the business down. Some of the risks involved in online business are, burglary (thefts), wrong location, poor customer management,weather condition, the list is endless. None of these risks has no impact on online business. The major risk that can be facing and online business the hackers attack.

 

[GIFTMICHAEL]

You are right 100 percent, starting a business is a risk y every stages of a business is associated with one risk or the other, so as an entrepreneur you must learn to identify the likely treats/risk that can hinder the smooth running of the business,so as to be fully prepared for it

Yes we call it militating factor that slows down business operation.
There is no business that is free from risk. One trait of an entrepreneur is that he is a risk taker.
To this end we need to prepare very well before we move into a business.

 

[ahmedo24]

Most people that fail in their business , is not that they don't take risk but most of them don't take calculated risk as they don't do any feasibility studies to know the challenges in the business before they embark on it.

 

[Quert]

Every business has its own risks, that's why some business leads to their downfall at the first few years operating but it can be avoided if you just know how the market works. Some also asks opinion from the financial expert on what to do soo that they will avoid the mistakes on what business usually fall.

 

[Kiko]

Businesses face all kinds of risks, some of which can cause serious loss of profits or even bankruptcy. But while all large companies have extensive risk management departments, smaller businesses tend not to look at the issue in such a systematic way. Strategic Risk - Everyone knows that a successful business needs a comprehensive, well-thought-out business plan. But it’s also a fact of life that things change, and your best-laid plans can sometimes come to look very outdated, very quickly.

 

[Mave24]

Whether it's a small business or large, it will always have risks. Just like what they say, there's no easy way to success, you will experience hardships, failures and setbacks. But once you overcome those, you'll be harvesting rewards.

 

[Janita]

Yeah there is risk in every business because when we invest money in business and start doing business it give loss in the start and not make profit much but I think untill or unless we are not fallen down we can not get success because we can only be successful when we reach to the destination where we could take stand and decide that what should be do now.
Our decision makes au perfect that what decision will be better and which will be not. So in business risk is involved in great amount.

 

[Peppul]

In every businesses there is always a risk involved no matter the nature of business you are running, the online businesses are more prone to risk because of cyber crime that offline risk, when cyber criminals are involved you account might get hacked and that alone can affect your business financially, while for offline business we have situations where machine breaks down, workers accidents, unforseen fire accident and lost goods and so much more. So most times we put measures in place for the arrival of risk but most times it just don't work out and we still have to face these risk problems, no business is exempted from risk.

 

[Zevin]

Financial risk is the major risk involved in a business, In fact, financial risk is the only risk associated with the business. When a business fails, you will lose your investment. There are many factors involved in business failure. One major cause might be the failure of the idea. If your business is trying to sell the wrong product or services, it will surely fail.

 

[Usama Iqbal]

Yes risk involve in every business that we are start. Because there is no gain in this life without pain. If we can business we get profit . If we have good planing we make our business safe to risk. But if we have no suitable plans we can't get the profit and definitely we get lose . But more important thing to avoid the lose we should know about the business that was good for us.

 

[Defaith]

there is always risks in business a good entrepreneur must be a risk taker. in business we have to take risks because there are many business transaction that involve risks and you know if you are not taking risks in business that means you can succeed in your business line business. transactions goes well and without taking read your business can develop that's why I will always say a good business organisation or an entrepreneur must be a good rest a car

 

[Ifective]

Businesses can be so profitable yet risky. The risk of not getting the cost of producing a product is present in a production company. Companies produce products with huge amount of money with the hope that they get enough sales to cover for their costs and even profit. There is no assurance about that so it's a risk

 

[Hasan Raza]

Definitely its sure 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. Every business even a small has risk.

 

[Kehinde]

Economic Risk. The economy is constantly changing as the markets fluctuate. ...
Compliance Risk. Business owners face an abundance of laws and regulations to comply with. ...
Security and Fraud Risk. ...
Financial Risk. ...
Reputation Risk. ...
Operational Risk. ...
Competition (or Comfort) Risk.

 

[Shayo]

Business risks refers to anything that exposes a company nor organization to factors that will lower its profit. It could be internal where the management or leadership is responsible for the exposure and it could be also be external.
Businesses are liable to risks but there are ways to minimize the effects.

 

[Setfragil]

There is no business without its risks. That is why it's advisable to go through some form of apprenticeship or pay someone to tutor you before you actually venture into it. If you starts a business because you see people does it, you are likely going to fail. You need proper feasibility study on the Pros and Cons of the business.