Post
Topic
Board Economics
Re: Planning on starting any business?
by
Fredomago
on 18/06/2025, 10:36:22 UTC
Physical business is really not easy because is not just about profit, can the person take the danger or back side of it, some business did not even give the owner a chance to see what they spent alot for because of transportation danger
One thing about business is that if you only think of the profit side of it, it can become a serious problem down the line. One must also look into the risks and other aspects that can affect a business.

 If one is so desperate to make a profit in a business, anything that happens may come as a surprise and emergency because it was never expected. As profit is being considered in a business, it is also important to think about the challenges of the business, measure the risks, and be prepared to solve future problems. This is how to approach business because if risks and problems are not taken into consideration, the business might end up crashing due to poor management.
It’s hard to see a business achieving success if that business owner fails to practice proper risk management. While there are profits promises with any progressing business, it’s also an essential thing to do to manage first those risk and challenges that are associated in a business success, because without overcoming those risks and challenges, there’ll be no massive rewards waiting at the end of the day.

Yup, you need to expect and be prepared on how to handle proper risk management, it's a must that you understand and you are capable to balance all the factors that may affects your business while you are still in the process of establishing it, there's  a profit promise indeed but it will going to depend from how you execute your balance on both managing your time and your finances to make sure that you are in the right track pushing for your success.