Risk taking as an integral part of business!!!

[Bookwormlux]

All people who are in business and are doing it successfully are usually Risk takersand they make sure that they do not just take any How but risks that are calculated , and would enable them to make profit as much as possible.

This is what really gives them an edge over others who are struggling to get along in business because such people are waiting to see others succeed in the business before they start going into it but the fact is that successful people do not wait for others to go first but they take the bold step and then utilise the opportunity to acquire any knowledge that may even come from their mistake.

As a matter of fact, a lot of small business owners are still struggling where there are even after so many years because, they are afraid of taking risks that would enable them to succeed in business.

If you want to succeed in business generally, make sure that you do a research very well about the business so that you can be well grounded with the necessary information that will enable you to take calculated risks whenever you are supposed to do so and not limit yourself and I allow fear deprive you of so many opportunities ahead.

 

[Hagson1]

Sure you are very right, am strongly believe that which you have communicated. For every business to be successful the owner of that specific business needs to take risk. And this risk taking is not just any how risk you just go into it. You have to sit down and take analysis. is that risk you are about taking, is it up to 60 percentage sure of you getting what you want if not it is better for you not to go into it because you many end up losing your business. But some people didn't take risk at all and if you look critically you will find out that most of the business you are seeing not developing, is that business which the owners do not involved their self in the aspect of taking risk. Therefore my fellow business men I strongly believe that for you to have a successful business their is a need for risk taking. Their is a saying that says, take the risk and be a millionaire. Many people try this and it works for them. Why don't you also try, so that you will be the person advising people one day. Thanks for our time.

 

[eldavis]

It's no news that risk taking is part of every business, it's almost impossible to avoid taking risk when carrying out a business. Alot of persons has made this an excuse to take unnecessary risk without making proper research about it. There is something we call calculated risk. Before making any decision in your business, make sure you have done all the proper research needed and it would be wise to also have a backup plan in case things do not go as planned.