How to manage risks on the business

cherry123

Popular

Member

Sep 5, 2022

27,449

2,611

Dex

$0.401

Raw Dex

$0.090

• Aug 18, 2024

• #21

Risks are common in business Preparation and in depth planning are necessary for risks defense in business.

 

N

Nite

Notable

Member

Nov 13, 2023

1,276

36

Dex

$6.052

Raw Dex

$0.280

• Aug 20, 2024

• #22

Without proper preparation, businesses can be caught off guard and may struggle to recover from unexpected challenges.

 

P

Passiveearner

Notable

Member

Dec 28, 2022

3,318

205

Dex

$0.000

Raw Dex

$6.152

• Nov 15, 2024

• #23

Each and every kind of business has its own risks. So, in certain cases, it might be impossible to avoid risks. However, by the passage of time, you may gain enough experience that could help you take risky decisions. So, experience may matter a lot.

eldavis said:

I think this is where research comes in. Take out time to find out from those who are already in it or have experience in this area. You can learn a lot from them.

Click to expand...

 

S

Stardom22

Very Familiar

Member

Sep 1, 2022

13,237

565

Dex

$4.300

Raw Dex

$0.417

• Nov 15, 2024

• Thread starter
• #24

I think that people should be able to make informed decisions on the investment ventures being associated with them.

 

K

King Belieal

Notable

Member

Oct 26, 2023

2,963

49

Dex

$0.021

Raw Dex

$0.501

• Nov 15, 2024

• #25

I have always tried to know the potential causes of failure in any venture and work way ahead to prevent it. That's my risk management strategy.