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

[Yewande]

Before you start any business, mostly a large one you need to have a business plan. You must have evaluate the risk involve, how you intend to get your cash. If you are borrowing a loan, how you intend to pay it off.

 

[sam386150]

Financial risk is not the only risk that occur in a business,it is also a risk if you don't have enough product to satisfied your customers, your business is in a risk if your working equipment or working idea are not enough to build up the business.

 

[Nurudeen]

Definitely, finanacial risk is the greatest risk in a business. There are some business you just need to risk to test the waters in a business and if the business doesn't go as planned you know some of your capital if not all will be at risk

 

[kayode10]

Financial risk is no doubt, the greatest risk an entrepreneur can take when it comes to building a business. The reason is that financial risk or lost we have a great effect on the country of the of the business. That is is the reason why it is very important to always due diligence whenever you are about to undergo financial spending in your business.

 

[Clara]

Actually, there are some businesses people say don't need much money to survive. Those businesses are in one way or the other depending greatly on money. Such businesses , even before they were establish, money was greatly needed. Anyway evey business without enough finance can only survive by God's grace.

 

[Oliver 20]

Financial risk is the highest risk because it worried about an organization's capacity to produce adequate income to have the option to make interest installments on financing or meet other obligation related commitments. An organization with a moderately more elevated level of obligation financing conveys a more significant level of monetary danger since there is a more prominent chance of the organization not having the option to meet its monetary commitments and getting wiped out.

 

[Ayokex]

Financial risk is not only dangerous to business alone but it cuts across every of our day to day activities. If financial risk is not properly managed in business it will eventually reck the business and bring it to a close down. Financial management is what is needed to avoid financial risk.

 

[singlej007]

Financial risk is one of the highest risk in business, business can't be done without financial risk, and another risk a business can face is government policies risk, just like the bitcoin ban in Nigeria, a lot of business that deals with bitcoin are in serious risk right now.

 

[FreshKaz11]

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?

You take risk to be successful in life,because life itself is full of risk so it you are not ready to take that risk that means you don't want to be successful then..

So I could also take risk for my business but in a financial way to support the growth of my business to be able to earn something better at the end of the day or month or year ...

 

[tyrim88]

As vital as it is financial risk can make a business to go down. A business that does not have a good business investment strategy on how to bring in returns can also be a risky venture.
Unfavourable business climate impose by the government can also spell doom for any business.

 

[Sariana23]

There are many risks in companies and they can be: changes in the government, increased competition, damage to the company's reputation, hacking or viruses, etc. But the biggest risk as you express in your thread is definitely the financial one. Without the financial complement there is no way to undertake.

 

[Folaham]

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?

All risk in business have financial implications and it's that which we use to quantify the extent or impact on the business.
Damages to company assets will be converted to cash to ascertain the value of what was damaged.
Loss of supplier or customers can be quantified in term of revenue generated

 

[Josephjossy]

There is a high risk in financial risk, it is the second risk after life risk. Don't ever try to risk your business money at any mist, don't every try to do anything that can make you risk your money, you have to be careful when spending with your business money to avoid business collapse

 

[Adasun]

Yes,I think what you are staking is your risk which in this case is your money.

 

[BrolySSJ]

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?

I think that financial risk is the greatest and most important because the most important thing is startign a business is the capital that is behind it and the main reason that you start one is for the profits that you make. Therefore, I think that without a doubt financial concerns are the most important for one to look at.

 

[GoldenLady]

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?

Possibly, but only opinion, financial risk is the greatest.

The sole aim and joy of every business owner is to make revenue, and profits to cover expenses and still leave extra behind for personal needs.
If this is not met, there is no need to run the business anymore.

 

[unhappy triad]

While financial risk seems all emboardening and involved for front risks in business combined. It's still relative to conclude that it is the highest of all risks. There are risks that outweighs it on a larger scale and most of them are interconnected.

 

[Softdave]

Yes financial risk is the highest risk of a business,if a business fails to manage its capital and runs into debt or bankruptcy then that’s the end of the business so every business owner and his management must know how to manage and handle the financial sector of the business

 

[Aricha josef]

If your business is insured,I can say yes,but if otherwise,then it's a no for me..There are other crises as fire outbreak that can destroy the business completely..It's worse than financial crises and can even bring the business to an end..

 

[sam386150]

Financial risk is the highest risk,and for you to escape from this week's you must make sure you do the normal thing business requires, because there is a lot of responsibilities attached to business. So your seriousness is very important in business.