Quote from: sokani on April 12, 2024, 08:30:52 PM

Quote from: TEBTC on March 28, 2024, 01:36:31 PM

Risk is when a person is exposing him/her self to dangers, possibility of incurring loss or misfortune
So many people run away from business opportunities just because they fear they will run into loose and didn't want to take such risk
I have come to the realization that the word risk is part of life and that it is better you take part in it than not
From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities

A wise man once says that "anyone that's not taking risk is a risk to himself". No matter how good a business opportunity may seem and no matter the research and scrutiny carried out prior to investment, there's still the possibility of failure and that's where risk comes in. And anyone that's not willing to take risk may not be rich in life, as studies have it that the most successful people are risk takers.

However, it does not necessarily mean that risk taking in business can be taken without careful calculations or research first.
To be able to achieve success we have to take risks, there is no possibility of profit without risk but we also have to learn as much as possible to minimize risks, especially in a business or investment, it is very important to be able to minimize risks by studying first and doing research to that matter.