There is no risk in business without risk, and it is the risk that represents the “reverse side of the coin”. Initially, it is very important to determine the profitability of the enterprise and determine how much supply and demand changes in the selected market segment. It will not be superfluous to consult professionals and study the relevant literature.
The risk may be associated, for example, with a sharp increase in the cost of goods initiated by the manufacturer, or the tax legislation may change and, as a result, the business will no longer generate income.
The most serious risk is not being able to properly manage and allocate available resources, which can lead to losses and ruin. And you can’t just talk about the business that you run. It is also worth considering the possibility of mismanagement of the company in which you invest. Continue reading