what are the Potential Risks in Starting A Business?

[Reedex]

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]

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]

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

 

[Stardom22]

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

 

[Ratine]

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

 

[bestwriter]

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]

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

 

[King Belieal]

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]

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

 

[cherry123]

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

 

[Bisolami]

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

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]

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]

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.

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.