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متابعة

What financial risks must be taken while starting a new business?

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تم إضافة السؤال من قبل shaila bano , Medical Receptionist , agakhan univercity hospital karachi
تاريخ النشر: 2019/03/23
mohamed Ahmed
من قبل mohamed Ahmed , supervisor and Operation Department Manager , municipailty of khartoum

I think that the costs control . Because if you control all the costs that will be able to get profitable business with out of risk .

Dereje Guta
من قبل Dereje Guta , Administrative Assistant/ Customer relation Supervisor , Rendall & Rittner

When opening a new business, you might loss or be at breakeven point for about 2-3 years to achieve any profit after that. Any business needs adaptation, consumer taste, brand and other issues until the customer involve in your business. Therefore, you need strategically target and penetrate the market to be sucessful.

Imaobong Ekanem
من قبل Imaobong Ekanem

One of such risk is that the amount to be used must be large. If the business owner does not have such amount, then he/she must borrow money either from bank or from friends and relatives. And if he incures loses along the line then the business is about to collapse mean while the dept owe must be paid by him

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