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Passing business risk.
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[QUOTE="btaliat, post: 244281, member: 26390"] Risks are inevitable when it comes to business. There are so many risks that a business owner may face. Therefore he needs to have had some inklings on how these risks can be managed to avoid unnecessary closures of the business. The following are ways by which risks can be managed. Through research: to be candid, risks can only be managed, it cannot be avoided. It is not possible. So it is incumbent of a business owner to research well on how to manage risk. Of this can not be done alone, he can consult some expert on business. They will rightly advice on some impending risks and how to overcome them. Insurance: to be honest, a serious business owner should learn how to insure his business. He needs to know the importance of insurance and takes it very serious. There is no insurance plan that is not available for any type of business that we may find ourselves. Therefore, it is incumbent on the business owners to choose the ones that's best for him. Greediness: the risk that may be difficult to comee over is the greediness risk. People will be delving into bua nascent business with all their money. This is not a good way of investing. [/QUOTE]
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