In business, should you take risks or play it safe.

[Axis]

Mostly all operations and practices carry out by a particular business organization is associated with risk and unforeseen contingencies which of course could lead to undesirable changes in results expected. Deciding to play it safe in your business and manage the business organization in a medium way may cause your business not to grow or develop or to reach greater and higher heights. As a business entrepreneur you must be totally ready to face risk if you want your business to grow and develop and that is why it is advised that you prepare for this risk so that you do not become overwhelm when they happen or when they lead to undesirable business results.

This advice is particularly important to businesses carrying out manufacturing or production of raw materials into finished goods. Businesses under the category encounter various risk and one of the ways to meditate this risk is by having insurance policies.

 

[Etini]

Easy does it has never worked in business. If you try to play it safe in business, you would stagnate at a particular level for a very long time. Starting a business in itself is risk. That's because no person signed an allegiance to patronize you but you stepped out to try your luck.

Every other path in between the business cycle would also be propelled by risk. Hiring staff is a risk. You might hire a staff who would defraud the business. But you put safety nets in the risks you take and go ahead to take those risks. Growth in business is propelled by risks.

 

[Mika]

When there is money involved, and when you expect profit, there is always risk. It does not matter what type of business you are running, or what kind of size your business has, business always has a risk. No matter how much risk preventative measures you take, there is always risk in a business. The only difference is some businesses have a lot of risks where as some business has minimal risk. Having said that there are also many methods to minimize your business risks