Risks involved in a business

[cherry123]

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

Business needs carefulness or else you fall into a deep pit which might not be nice

 

[Bisolami]

Business needs carefulness or else you fall into a deep pit which might not be nice

Thats true
This is why you see that some businesses are still relevant even after years because they are being careful

 

[freelancermaria]

To put it another way, human risks can occur when workers don't do their jobs properly. They can be caused by either unavoidable circumstances, such as illness, or deliberate ones, such as fraud or stealing. Losses in revenue can occur when a company is exposed to them. There are physical and legal risks, too.

 

[Bisolami]

To put it another way, human risks can occur when workers don't do their jobs properly. They can be caused by either unavoidable circumstances, such as illness, or deliberate ones, such as fraud or stealing. Losses in revenue can occur when a company is exposed to them. There are physical and legal risks, too.

That's true
Health condition is part of it. If they don't have good health condition, they won't be able to manage the company

 

[Hate2Wait]

Risks can be covered under insurance policies but we need to see what type of risks our business face and how we can cope with these

 

[Bisolami]

Risks can be covered under insurance policies but we need to see what type of risks our business face and how we can cope with these

Oh you are very right because I learnt that different businesses have different risks so we need to know the one for our business

 

[Carson20t]

One key thing to put into perspective is that for you to establish something that you are selling it is either you create what the market has never seen before or you improve the already existing venture that others are doing. Above all, you should know that motivation will come from SCALABILITY and VIABILITY so the thing is that we should be able to focus on what will work and the result. That is the definition of a good business.

 

[Shavkat]

There are so many ways to protect one's company. They need to keep monitoring and evaluating the company to prevent bankruptcy.

 

[Hate2Wait]

Oh you are very right because I learnt that different businesses have different risks so we need to know the one for our business

Insurance can certainly help but we need to understand that insurance cannot control all risks involved in the business so we need to see what other things we can do to control.

 

[cherry123]

There are so many ways to protect one's company. They need to keep monitoring and evaluating the company to prevent bankruptcy.

The books of accounts should always be assessed by a professional to detect fraud as early as possible.

 

[eldavis]

The only way to tackle risk in a business is when you actually know the risk involved. Every business has its own risk. Take time out to find out from others who are in this line of work to be able to know the risk involved.

 

[cherry123]

it is always good to know the risk involved to be able to resolve it. Every business has its own risk you find out yours to resolve it for business growth.

 

[Reedex]

It is important for every business operators to understand the risk that is involved in the business.

 

[Springtime]

Companies face a variety of business risks that can threaten their profitability or even survival. There are cybersecurity risk; business interruption risk due to fire or damages caused by other natural disasters; financial risk if the company doesn’t have enough cash to properly manage its debt payments and becomes delinquent on its loans; reputational risk when there is a product safety recall, negative publicity, and negative reviews online from customers. All these risks must be handled properly. Taking out insurance policies can be one way to protect the company against certain risks.

 

[Heatman]

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

The risk that are involved in my fish farming and poultry farming business is the death of either my fishes or my birds. If that happens, I will lose a lot of money.

 

[cherry123]

You have to be careful of infections on your fish farming and poultry farming business this is always the main cause of death for fishes or my birds yesh you will lose money.

 

[Johnson2468]

There are a lot of unforeseen risks associated with businesses which might vary depending on different factors. Generally, it is good to very a emergency fund to overcome most unforeseen risk

 

[Etini Willie]

The risks in business are much. Transportation of products is a risk. Production of goods is a risk, as anything can happen. Selling itself is also a big risk. You might go to the market and you don't find a buyer.

 

[Chibson]

One of the best ways of reducing business services is to insure it. Some insurance companies provides coverage for your business venture or if anything happens to it.

 

[Starmix]

A business is a risk too. In my case having a business, I sometimes spend sleepless nights thinking about how to make my business grow and what would be the next business I would create.