what are the Potential Risks in Starting A Business?

Reedex

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I would say that the financial risk is a major concern when starting a business. You could end up in a serious debt or lose your initial investment into the business if things don't go as planned.

 

uptrendfinancialsignal

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You should know that the Market risk is another big threat. In actuality, You may think your product or service is great, but if there's no demand, you'll struggle to succeed in that business.

 

Reedex

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Operational risk is also a challenge. There is need to manage resources, and activities efficiently to avoid disruptions and losses.

 

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Stardom22

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I think when starting out the business, the potential risks would be loosing the business capital incase the business doesn't thrive

 

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Ratine

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When one opens a business the chances are they successful operate the business or fail flat for the business.

 

bestwriter

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In any business there are external factors over which we have no control. For example if you start a poultry business a disease can kill your chicken.

 

nomad

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The major risk is finance. If your business does not work, you will lose your investment.

 

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King Belieal

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One big risk that is associated with starting a business is that you might not get patronage. It is a risk. What if people don't patronize your products or services? You have automatically failed.

 

eldavis

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One major risk of starting a business is actually failing. Starting a business does not guarantee instant sales or success.

 

cherry123

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This is why it is good to be careful when starting a business one just have to careful especially with finance when starting out

 

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Bisolami

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• #11

cherry123 said:

This is why it is good to be careful when starting a business one just have to careful especially with finance when starting out

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One really has to be careful and you have to make sure that the expiry date is very far so that you won’t be selling expired goods to people

 

Shavkat

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It is common risk to fail in business, especially if starting up a business. It is best to conduct a business feasibility study to refrain from having a failure business.

 

Tracee1

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Reedex said:

I would say that the financial risk is a major concern when starting a business. You could end up in a serious debt or lose your initial investment into the business if things don't go as planned.

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Another risk of starting a business aside from loosing capital is loosing your passion for the said business, that's one of the worse thing that can happen to a business owner.

 

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timewo

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Lack of orders is a major risk for a business owner, especially if they have many business expenses, like domain renewal fees.

 

freelancermaria

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Embarking on a business venture entails many risks. Factors such as location and competition can greatly impact the success of your business. As a result, you may lose the capital invested in starting the business.

 

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Stardom22

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When one decides to start business they should keep in mind on the sensitive areas on the business that seems to be very challenging.

 

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Ratine

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When one starts out the business, chances are, they would eventually fail. So it's very important for them to be very cautious on running of the business.

 

Sanjeev

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One needs to do market research before starting a business. You may have a loss in business if you start your business with out doing your homework.

 

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Etini Willie

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One of the risks in starting a business is that you might not get anyone to patronize your business for long periods after the business is set up.

 

Starmix

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• #20

One potential risk is competitor who is ahead of you in the same location or row. You have to create strategic planning.