Risks involved in a business

[cherry123]

What are the risks involved in business and how can we tackle them to avoid a business falling?

 

[Asfa]

When starting a business the risk is of the competitors already in the market so a person should do a research about others business there must be a gum shoe research if possible because it's a biggest threat to anyone's business if you want to survive in business when you know the main pillar of your business your business will never fall

 

[Starmix]

The first risk is if it's not insured and if there is an inevitable fire, your business will be gotten by fire. Next, what if there is an inside job employee, it must be made sure all employees undergo rigid training and interview to avoid robbery by their own employees called inside job.

 

[SHAHID987]

In some aspect the business is the second name of risk. There are a lot of risk present in almost all business. So before starting it prepare your mind, about how to deal with coming risks. Major risk is increase in price, quality of commodity etc .

 

[Bisolami]

What are the risks involved in business and how can we tackle them to avoid a business falling?

I think we should involve external risks like robbery, fire incident and more. Loss is also a risk

 

[saoussen5765]

I think we should involve external risks like robbery, fire incident and more. Loss is also a risk

If you are insured then insurance company could refund robbery or fire incident but if you aren't insured then you will face all expenses yourself.

 

[Hate2Wait]

There is not one risk and there are many risks so we need to see whats coming our way and should have planning to cope with it

 

[Bisolami]

If you are insured then insurance company could refund robbery or fire incident but if you aren't insured then you will face all expenses yourself.

That's true
This is why we need insurance for every kind of business that we do in case of events like this

 

[Hate2Wait]

Yes having Insurance cover can help us so we need to get our business surveyed first and then get it insured so we can get the compensation

 

[Golden9]

There is not one risk and there are many risks so we need to see whats coming our way and should have planning to cope with it

This is true, a business will face many challenges which can be anticipated and planned for. This will help to keep the business running even if it slows down occasionally.

For some, the location is a problem while another business will have to cope with competition.

 

[cherry123]

I think we should involve external risks like robbery, fire incident and more. Loss is also a risk

Especially those that can't be recovered like fire outbreak that would consume everything

 

[Bisolami]

That's true
Insurance is good for every type of business you want to do. Our business needs to be insured

Yes having Insurance cover can help us so we need to get our business surveyed first and then get it insured so we can get the compensation

 

[Suba]

Unforeseen business risks which if they occur will result in losses. In simple terms, business risk can be classified into several groups, such as capital risk, financial risk, operational risk, technical risk, company risk and market risk.

 

[Enxx]

To know the risk in a business, you must choose a business because risk are varies

 

[jetsaints30]

It's important to create contingencies for any foreseeable risk. Having insurance policies in place is one way to guard against physical or financial losses due to natural disasters or other unexpected events.

 

[cherry123]

That's true
Insurance is good for every type of business you want to do. Our business needs to be insured

Sure an insured business is a secured business. it is good to always good to insure a business

 

[Hate2Wait]

This is true, a business will face many challenges which can be anticipated and planned for. This will help to keep the business running even if it slows down occasionally.

For some, the location is a problem while another business will have to cope with competition.

Yes there are problems and many are seasonal problems and there are problems that are beyond our control so business should have some action plan against these

 

[Bisolami]

Sure an insured business is a secured business. it is good to always good to insure a business

Even though our business is insured, we should be able to ge very careful

 

[cherry123]

Even though our business is insured, we should be able to ge very careful

Definitely, no body should overlook the little things they can do for safety

 

[Bisolami]

Definitely, no body should overlook the little things they can do for safety

Some people can be very careless when it comes to things that they should not be careless at. It is not nice