Risk management in your business!

When it comes to business, investment any venture that involves man and money etc. Their is always a risk that is attached to it. But ability to manage those risks amicably and clinically, gives us an edge to be successful in whatever initiative we crave to make profit end.

Do you apply risk management in your business initiative??

 

[Alogakho Esson]

When starting a good business one has to involved risk management company such as insurance that will cover a business for period or time being

 

[Adetayo100]

Risk management refers to the practice of identifying potential risks in advance, analyzing them and taking precautionary steps to reduce/curb the risk. When an entity makes an investment decision, it exposes itself to a number of financial risks.

 

[WhiteHouse]

Robust Risk management helps in keeping away from likely risks, limit their effect and adapt to the outcomes. This capacity to chance administration empowers an association to be more sure about settling on business choices.

 

[abubakar3141]

The relationship between business continuity and risk management depends on the organization. Business continuity is, in most cases, a sub-domain of risk management. ... Risk management focuses on mitigation and business continuity is more concerned with the worst-case action plan.

 

[Presido]

Risk management has always be an important tool in running any business, particularly when a business experiences a downturn. In any economic environment, aa unexpected surprise can destroy your business if you fail to develop a strategy to manage the risk.

 

[Kayzzy3]

When it comes to business, investment any venture that involves man and money etc. Their is always a risk that is attached to it. But ability to manage those risks amicably and clinically, gives us an edge to be successful in whatever initiative we crave to make profit end.

Do you apply risk management in your business initiative??

I definitely do manage risk in any business venture I engage myself in, as a matter of fact there are risks everywhere you look whether you are doing business, working for someone, whether you are a class teacher, an army officer or even the cleaner in an office there are risk staring at you in the face everyday.

One of the qualities or characteristics of an entrepreneur or a business person is that he or she is a risk taker, so I minimise my risk in a business by maximizing profit and cutting losses.

Post automatically merged: Feb 1, 2021

When it comes to business, investment any venture that involves man and money etc. Their is always a risk that is attached to it. But ability to manage those risks amicably and clinically, gives us an edge to be successful in whatever initiative we crave to make profit end.

Do you apply risk management in your business initiative??

I definitely do manage risk in any business venture I engage myself in, as a matter of fact there are risks everywhere you look whether you are doing business, working for someone, whether you are a class teacher, an army officer or even the cleaner in an office there are risk staring at you in the face everyday.

One of the qualities or characteristics of an entrepreneur or a business person is that he or she is a risk taker, so I minimise my risk in a business by maximizing profit and cutting losses.

 

[Ifective]

Every business comes with his own risk. It is very important for entrepreneurs to know how to manage them when thy occur. Some risks cannot be prevented and as such it must be expected and well managed when it occurs. It is very important that certain things are put in place in order not to allow the risk affect the business to a great extent

 

[Herzhan]

When it comes to business, investment any venture that involves man and money etc. Their is always a risk that is attached to it. But ability to manage those risks amicably and clinically, gives us an edge to be successful in whatever initiative we crave to make profit end.

Do you apply risk management in your business initiative??

Risk management is a process in which businesses identify, assess and treat risks that could potentially affect their business operations.
Managing risks involves developing cost effective options to deal with them including:

• avoiding.
• reducing.
• transferring.

 

[Sincerem]

I definitely do manage risk in any business venture I engage myself in, as a matter of fact there are risks everywhere you look whether you are doing business, working for someone, whether you are a class teacher, an army officer or even the cleaner in an office there are risk staring at you in the face everyday.

One of the qualities or characteristics of an entrepreneur or a business person is that he or she is a risk taker, so I minimise my risk in a business by maximizing profit and cutting losses.

Post automatically merged: Feb 1, 2021

I definitely do manage risk in any business venture I engage myself in, as a matter of fact there are risks everywhere you look whether you are doing business, working for someone, whether you are a class teacher, an army officer or even the cleaner in an office there are risk staring at you in the face everyday.

One of the qualities or characteristics of an entrepreneur or a business person is that he or she is a risk taker, so I minimise my risk in a business by maximizing profit and cutting losses.

risk management is awesome, as an entrepreneur you ought to be a calculative risk taker to avoid entangling issues that can dwindle your business progress and reduce your challenges. I know their is no business without risks, but the ability to prepare well before it comes its a good quality of managing it earlier.

 

[Veetos12]

When it comes to business, investment any venture that involves man and money etc. Their is always a risk that is attached to it. But ability to manage those risks amicably and clinically, gives us an edge to be successful in whatever initiative we crave to make profit end.

Do you apply risk management in your business initiative??

Risk management focuses on identifying what could go wrong, evaluating which risks should be dealt with and implementing strategies to deal with those risks. Businesses that have identified the risks will be better prepared and have a more cost effective way of dealing with them.

 

[Yousaf3814]

Your risk management plan should detail strategies for dealing with risks specific to your business. It’s important to allocate time and resources to preparing your plan to reduce the likelihood of an incident affecting your business.

 

[Profuk57]

when having a business you should have a risk management plan your management plan show detail about every associated risk's pertaining to your specific kind of business, in doing so you will be able to control and manage all the necessary risk involved in the line of business you want to operate in.

 

[joy101]

Risk management in business, you need to plan well about your business in order to manage it proper, it is very important to allocate on time and resources to prepare on how identify the risk on time,

 

[Abbas ali]

Risk management is important in an organization because without it, a firm cannot define its objectives for the future. The ability to manage risk will help companies act more confidently on future business decisions. ... The real risk in business – and there are always risks – is not knowing which risks are worth taking.

 

[Ridorz]

As a entrepreneur you have to be capable of how to introduce a risk management to your business because any business is with risk. In my business I usually manage a risk in which to make my business keep existing and grows. Any one that wants to take risk in a business can not do business successfully.

 

[Abibatabosede]

I can say the major risk I've always nurture is the finance. In the school business you try to control your investment by not trying to consider or allow parents to hold tuition fee for a long time before payment.

 

[Akinwale701]

When it comes to business, investment any venture that involves man and money etc. Their is always a risk that is attached to it. But ability to manage those risks amicably and clinically, gives us an edge to be successful in whatever initiative we crave to make profit end.

Do you apply risk management in your business initiative??

One of the very first thing to watch out for In business is risk management. It's good to take risks, in n fact, very better but one has to manage the risks very well, failure to do so can result in a huge loss which can collapse the whole company entirely. You don't always in, therefore some things have to be oh very looked, not taking risk sometimes is better.

 

[Praizee]

Every thing in this life is all about risk. Even in business it all about risk all I need to do is to be positive minded and hoping for a better tomorrow. I would manage risk by limiting all access to my any of my accounts.

 

[Caali]

Risk management was always present. Think "never put all eggs in one basket". That's the most common sense risk management.It is only that as we specialize and tend to organize (atomize) jobs there was a need for specialists in risk management.