Avoid unnecessary risks

[Ogbest]

That is true, some risks are just not worth it and may end up costing you more. If you have spare money that you wont have use for and you know that investing it will not break your heart when you lose it, then you can take the risk, even with that, still take a risk that you feel will yield enough profit when it grows.

That is exactly what I am saying, there are some risks we take which we are not in anyway supposed to take. Everything is all about wisdom and knowledge, before you think of investing on something or or spending your money on something, just have to be calculative.

 

[Johnbami]

Risk are meant to be taking in the business world. Without this risks, a lit of businesses might not have reached were they are presently so I do believe risks are meant to be taking in business. But not taking risk blindly is the best I would say

 

[marky]

there are numerous dangers that you don't have to take on the off chance that you truly need your business to develop you don't realize business is tied in with facing challenges to get to your prosperity however there are a few dangers you need to try not to find yourself mixed up with you don't need to take Eli Garrix you need to face the challenges that will lead your business to develop that will assist you with developing you are we as a whole need to require weeks yet take a decent race

 

[solomonmali]

The surest way to prevent the potential loss arising from a certain activity is to completely avoid it. For example, if I want to avoid the possibility of having to pay for a stranger’s medical expenses due to an auto accident, I could stop driving a car. So why not just avoid all risks? The problem is that whenever we avoid a risk we also miss out on the benefits we could have received for participating in the associated activity. In addition, not all risks can be completely avoided, such as the risks of illness or natural disaster.

 

[eLdavis]

i have said it before and i will continue to say it. Risk taking is part of life, going into a business there are risk we must take. But every risk you take should be well calculated, so you dont end up loosing anything. I heard a case about a man who borrowed millions just invest in an online platform, then it crashed he ended up killing himself. Most times we go into uncalculated risk out of greed

 

[Kiko]

Research has shown that businesses that create a dynamic and flexible risk management strategy have a better understanding of their commercial environment and are subsequently likely to be more successful and profitable. Risk management is an ongoing process. New risks will appear almost on a daily basis and old risks will rise and fall in prominence.

 

[Adventurer]

It is true that business and life by their nature are risky. But I still believe that there are some of the risks that are unnecessary in every business that need to be avoided. We all know that business that creates a dynamic and flexible risk management strategy has a better understanding of their commercial environment and are subsequently likely to be more successful and profitable. Waking up in the morning to start up a business without adequate planning is considered as one of the unnecessary risks.

A business without a plan is planning to fail

It is true that business and life by their nature are risky. But I still believe that there are some of the risks that are unnecessary in every business that need to be avoided. We all know that business that creates a dynamic and flexible risk management strategy has a better understanding of their commercial environment and are subsequently likely to be more successful and profitable. Waking up in the morning to start up a business without adequate planning is considered as one of the unnecessary risks.

A business that births without a plan is planning to fail, though starting a business itself is a risk, but it's one worth taking when you have a structured plan in place that details and predicts the path your business is going to take and it's outcome as well.

 

[Profwriter]

Unnecessary risks are risks that are not necessary and ignorance is one among many reasons while people take unnecessary risks, other reasons include desperation to earn big, some people throw in all they have into every investment opportunity and they end up loosing everything.

 

[Kiwi]

Some people would say, let me put my life savings on forex or betting that life itself is a risk. It is not advisable and would only result in massive failure. Some time we take into new thing which we don't know clearly then there will risk factor comes. So do not try to take risks like start up of new business without knowing and planning etc.

 

[Bart Simpson]

It is possible that certain goods and hazards are not worth the expense and may wind up costing you more. If you have spare money in your life that you will never use or need and you can afford to take a risk with the money, then invest it first. [In the case of an emergency you might not need the funds, so you can live with a lower return.] [In the case of a high yielding investment, you would eventually grow that money back into a safe investment that would also have a higher rate of return than you would otherwise receive.]

 

[Asad Ali]

There are a variety of risks in business that you don't have to take if you really wish your company to expand. They are all about taking risks to your growth, but there are some risks that you'll have to avoid going into Emily Garrix, so that you can take the risks that will help you develop.

 

[westmania]

We should avoid unnecessary risks and for that we need to study or research while risk measurements. And try to avoid as much as possible. still there are many new problems arise that human brain cannot catch linearly.

 

[Azhar119]

In a difficult environment, your financial tolerance for risk can be higher than your emotional tolerance. Yet, it is your financial tolerance that should govern your allocations, especially if you have a long investing time horizon. Simply put, the longer the time period before you need the money, the bigger the threat inflation becomes and greater the need to include stocks in your portfolio. If you are really nervous, cut back on your allocation to stocks a little and rebalance your portfolio when your allocations drift off target by five percentage points or more.

 

[Godleads1]

Life and business are full of risks. This not withstanding, doesn't mean that there are certain risks that can't be avoided. They can be avoided and there is all possibility not to get involved in certain risks.

 

[Skyboy]

According to my own point of view, it is norm to take risk in business but as for unnecessary risk we have to avoid that, to avoid unnecessary risk you have to be vigilance, and you also have to be sure about any step you are about to take

 

[Hammad1245]

It is true that business and life by their nature are risky. But I still believe that there are some of the risks that are unnecessary in every business that need to be avoided. We all know that business that creates a dynamic and flexible risk management strategy has a better understanding of their commercial environment and are subsequently likely to be more successful and profitable. Waking up in the morning to start up a business without adequate planning is considered as one of the unnecessary risks.

There should be a proper idea of the business before starting a business. You should first work as an employee and take some experience. Then you can start your own business. Otherwise it is an unnecessary risk.

 

[KvngMurphy]

Not every risk is worth taking. Business and life are by their nature risky. You do have to take risks in order to survive, let alone to thrive, but taking risks should not be a problem. The key is to manage your risks so the dice are loaded in your favour. Often atimes your competitors will have the same risks as you. If you respond to the risk quickly and effectively you can easily establish a competitive advantage over your rivals.

 

[Goodday]

It is true that business and life by their nature are risky. But I still believe that there are some of the risks that are unnecessary in every business that need to be avoided. We all know that business that creates a dynamic and flexible risk management strategy has a better understanding of their commercial environment and are subsequently likely to be more successful and profitable. Waking up in the morning to start up a business without adequate planning is considered as one of the unnecessary risks.

Yeah, I agree with you. Sometimes, people start business without inadequate planning because they thought risks occurrence is low due to how successful businesses are running not knowing that every business needs to have adequate ways to solve emergencies and other risks associated with it.

 

[Bashir119]

You just focuse on tha main point in which you have to go out and get profit other all type of unnecessary thing you have to forget and avoid so that you wont be confused and just focused on the main point of the business

 

[Waqas wajid]

I think it is right that I should avoid unnecessary loss. I have to play with them. There is no such thing as putting yourself in danger or putting your business at a loss. There is no such thing as a good failure. Therefore, the loss should be borne by the one against whom there is a gain. Therefore, unnecessary provision is not good for the business.