Mika
VIP Contributor
When money is at stake, it is always risky. There is no such thing as full proof against risk, a business is always at risk even when the performance indicators show that the business is doing fairly well.
Whether you are a start-up or an established business, whether you are just beginning or an experienced businessman/woman, you are always at risk.
Well, when you are doing business, you need to take risks. But do you know where we draw the line? I mean how do we decide when to take a risk and when not to, or how much risk is too much and how much risk is okay?
Here lies the importance of taking calculated risks. Calculated risk means, you measure the pros and cons and you take a middle path. Calculated risk means you step into the water when you are perfectly aware of the depth.
Whether you are a start-up or an established business, whether you are just beginning or an experienced businessman/woman, you are always at risk.
Well, when you are doing business, you need to take risks. But do you know where we draw the line? I mean how do we decide when to take a risk and when not to, or how much risk is too much and how much risk is okay?
Here lies the importance of taking calculated risks. Calculated risk means, you measure the pros and cons and you take a middle path. Calculated risk means you step into the water when you are perfectly aware of the depth.