Before a business enterprise takes any risk, it should first understand the risk and the reward attached to the risk. In understanding a risk, a business enterprise has to know what the risk entails, its advantages and disadvantages. Furthermore, a business enterprise should weigh the advantage and disadvantage of taking a particular risk. If it is seen that the level at which a particular risk would yield positive result is not convincing, its best such risks should not be taken. A business enterprise should know and understand a risk and its reward before taking such risk. It could end up killing the business enterprise.
A business enterprise should not just jump on a risk without understanding it and fully knowing the things attached to it. A business enterprise is very fragile and a little mistake could ruin what has been in existence for many years.
1 Comment
6/8/2018 05:11:02 am
Just the idea of entering a business is a risky thing. You don't have any assurance of everything that's why you need to be strong and face the possible risks you could face. We all know that its never going to be easy, but business is business. It's a world for people who have a strong mind. If you think that you are not yet prepared to face the challenges of owning a business, it would be better for you to stay where you are. Chances are you are not yet prepared for it. Don't force yourself from the things you don't like at the moment.
Reply
Leave a Reply. |
AuthorKervin Kupp Archives
April 2020
Categories
All
|