It cannot be denied that having a business is taking the risks. That is why we should not be alarmed about it. Some people do not want to startup a business because of this reason. Thus, they are not suitable to be a businessman. Despite knowing this fact, we still need to do our best not to experience these risks. We cannot afford to lost our running capital in business without gaining profit.
Is taking risks a part of the game in business?
- Thread starter Shavkat
- Start date
To me, everything involves risking most especially if you want to make a fortune. There's no less risky way of making money that I know of especially when it comes to investments
Indeed, all businesses involve risks. Regardless of how well you plan, there are some external factors which may affect your business. The Pandemic is a good example. Many restaurants and travel agencies close down during the Pandemic.
Risks generally is unavoidable in human life. Everything we do carries some risks along with it. Eating and dining have risks along with it. Going to work has its own risk. Or haven't you consider that there is risk of being sacked without committing any offense?.
We can't run away from risks. You can only conquer it when you are resolute and stand firmly.
We can't run away from risks. You can only conquer it when you are resolute and stand firmly.
Business is all about taking risks and is the reason why any business owner is advised to know how to take a reasonable risk so that whenever it doesn't go your way, you will have something to fall back on.
This is the major reason why people who would not want to take any risk would never establish a business.
In life there is notting without risk. Anything you do, any action you take its a risk because you do not know he outcome. Same thing with business. You cannot eliminate risk from business, the only thing you can do is control it to some level.
- Thread starter
- #11
You are right. We need to weigh things up when it comes to knowing the bad or good risks in having business.
Taking risks is something that a real business person can't avoid no matter the simplicity of the business.
- Thread starter
- #14
You said it right. It is part of a business to take the risk. At some point, it is best to conduct a business feasibility study before starting up a business and continue it if the business is being launched.
