Do you think financial risk is the highest risk in a business?

[Shigobad2020]

Yeah I think financial risk is the greatest , because for a business to have that form of stability , the owner of the business needs to know about financial management and others ,

It's not easy for a new business to have financial freedom and stability , most of the business in the world are always afraid of taking risk to upgrade their business.

 

[Thinker009]

It's not easy for a new business to have financial freedom and stability , most of the business in the world are always afraid of taking risk to upgrade their business.

Yeah exactly I think most business in the world actually Know that the risk that comes with investing is very wide ,so they have to be more knowledgeable about business

 

[Lens]

The financial risk is the biggest of all the risk. All businesses depends solely on finances and when this important aspect is greatly affected it will mark the beginning of the end of the business. Ofcourse, there are couple of other risk that is encountered in business. The biggest risk is financial risk.

 

[eLdavis]

There are many risk that always occurs in business but i believe dealing with financial risk is the hardest which one can face in life , because its a risk that sometimes lead to debt .

True, there are various risks as well such as security risk, health risk and the likes but like you said financial is the highest or should I say people tend to consider this part more than any other risk.

 

[Ralphjoe]

There are many risk that always occurs in business but i believe dealing with financial risk is the hardest which one can face in life , because its a risk that sometimes lead to debt .

That aspect whereby the business will go into huge debt when the finances of the business is not healthy is actually very true as there are so many businesses that are in a very huge financial burden as a result of the bad finance of the business.

 

[Richard92]

I strongly agree with you, everything about business needs the help of money, with finance, you can expand your business, you can stock more goods. I consider financial risk as the highest as far as business is concerned.

Yes I would say financial risk is one of the highest risks that you want can take in the business because finance is the capital of the business and it's just like the fuel that makes the business grow.

 

[Senator]

After all things said and done, it is time to put the plan into work or action. All these involves the putting down of money from it to get to the next level. So, yes I think financial risk is the highest risk of them all when concidering a business

 

[Setho]

Businesses are created with the aim of making profits as the ultimate goal and as such everything that you think is definitely tied to the financial aspect.

 

[HayKay]

As for me, human resources risk is the greatest risk one can take in business - because the finances are controlled by humans. So even if you have the World Bank at your disposal and an undisciplined or incompetent manager, you're surely bound to fail

 

[kayode10]

Financial risk might not be the highest risk to some people. But it is going to take a great toll on your business in once you lose substantial amount of money.

 

[Kaffyfolla]

You are right, if financial aspect of business is weakling then the business may likely collapse and later wind up, do not take financial records with levity hand

 

[Kubiat-Abasi]

Of course, financial risk is the highest risk for any entrepreneur. Can you start a business without the needed finance?

 

[Oliver4smile]

The financial aspect of business is the most important part and the highest risk a business can possibly face, it will dictate most of the other things attached to a business.

 

[Abigael]

The financial risk is the biggest of all the risk. All businesses depends solely on finances and when this important aspect is greatly affected it will mark the beginning of the end of the business. Ofcourse, there are couple of other risk that is encountered in business. The biggest risk is financial risk.

That is right. Finances are the main capital used to sustain a business. Loss of it can make the business to fall. But other risks also exist such as loosing customers. But all these risks can be minimised using their different solutions.

 

[Skysaint]

Yeah, I also think that financial risk is actually the greatest because risk in business is always connected to losing money in a business. Business as a whole is all about making money so if there is any risk in it, it will be connected with the business goal which is money making

 

[Seno inyang]

All forms of business has a lot or entirely everything doing with finances, without it the business wouldn't move or grow. Talking of the biggest risk, then it's definitely the financial risk.

 

[Dagm1]

Yes, it is the most dangerous business risk. However, it must be carefully managed, or else it may become a tragedy waiting to happen. I believe there are techniques to manage risk so that it does not become excessive.

 

[Abigael]

The financial risk is the biggest of all the risk. All businesses depends solely on finances and when this important aspect is greatly affected it will mark the beginning of the end of the business. Ofcourse, there are couple of other risk that is encountered in business. The biggest risk is financial risk.

Yeah, financial risk is just the biggest risk in any business. This is because finances are the biggest asset in business. Loss of it means so much loss in the general loss in the entire business.

 

[Toyoabasi]

Every business owner or a business starter always needs funds to lunch a business and to support a business growth. This fund is either gotten in the form of loans from investors, their own savings, or funds from family. But aside this, there are other risks, like failure to plan accurately which could mean that the business owner risks bankruptcy, and investors get nothing. Is there any risk in a business that is greater than financial risk?

For most businesses, yes.
Financial risk cannot be totally eliminated in businesses. Proper planning and monitoring can help one overcome financial risks in business.

 

[kinqzbitz]

I agree with you because I have come to realize that the most common thing affecting businesses is the financial issue and business people are advised to be careful