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[QUOTE="Flow-er, post: 242225, member: 71012"] In every business there every possibility that you incure losses because you cannot do business without having recording losses but the ability to manage the loss is what matters. There are so many people who lacks the knowledge around managing the risk in the business and those people do not have enough knowledge around the business . The major reason why I said this is that it is very important to know the risk around your business than to look at the profitability ratio. There is a strong connection between risk and knowing your business very well. If you know the nitty-gritty of your business you will know the risk that is attached and also know how to manage it. This is a simple analogy, because if you know your business or you have the record knowledge around your business you should have all the knowledge needed around the business. It's simple to say that if someone do not have the knowledge around the business there's no way he or she could have the knowledge around the risk that is attached to the business. The experts in businesses I'm very good at knowing the risk that is attached to that business . [/QUOTE]
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