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As an entrepreneur, you have to take many risks in order to keep your business running. But, how can you know when a risk it TOO big to take?

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Question ajoutée par Sarah Ali , Senior Evaluation Specialist , United Nations
Date de publication: 2017/02/20
Anand Kumar Gopala
par Anand Kumar Gopala , Group General Manager , Al Riyadh Hotels

There is no any big risk or small risk in business as long as you takes well calculated risk! you should have the mentality of taking deep level personal ownership of each and every steps of your business, not to be reluctant in given circumstances!! to brief more, assets , liabilities and financial obligations to be well monitored frequently!!!

Mohammed Hamaideh
par Mohammed Hamaideh , Risk and Quality consultant , PWC

Depending on what kind of entrepreneur you are, for example if you are an adverse investor or a risk taker. Moreover, based on your risk appetite and risk tolerance you can know when a risk is too big to take. 

Utilisateur supprimé
par Utilisateur supprimé

You need to measure the negative impact of a risk and compare it to your project ability to handle it, and whether you can by insurance for it or not. 

If you choose to retain the risk you need a control plan. 

Sherjeel Khalid
par Sherjeel Khalid , Senior Manager , nordcloud

Failure of a risk will be measured in terms of cost or reputation. Cost can be measured but damage to reputation on a brand cannot be easily measured.

 

However, the higher the risk, higher the reward. 

Diaeldin Fahmy Abdel-Sabour Mohamed Nassef
par Diaeldin Fahmy Abdel-Sabour Mohamed Nassef , Bussines Support Cost Control and Performance Analysis Department Head , Khalda Petroleum Company

The risk assessment is one of the most important items for any successful and reputational organization to be conducted by competents and specialized persons; this risk assessment shall include all the organization activities and the related control measures to be taken to eliminate or reduce risks, and according to the risk matrix you will identify which risks are too big to be accepted even if there are control measures taken

Almutaz Bakry Sidahmed
par Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate

You need to assess risk in order to determine whether it is high risk medium, or low, risk is assessed in terms of probability and impact, this is simply, but there are other quantitative and qualitative techniques in analyzing and assessing risks.

Sajad Ahmad
par Sajad Ahmad , General Manager , Charcoal cafe

Simple concept as a fund manager high-risk high return if people want a high return in everything in every business if the return will high so the risk will be also hight that is the reality that works in everything.

Ahmed Arbee
par Ahmed Arbee , Acting Director - Finance & IT , ICIEC (member of IsDB Group)

There is no business without risks - this demands taking calulcated risks based on properly formed assessment and adequate mitigations to minimize the potential of loss. Various risk management concepts may be applied to know when the risk is too big to take including applying expected loss models and settings thresholds as a percentage of equity.

Michele Chiodera
par Michele Chiodera , Client Advisor , Marsh & Mc Lennan Companies

Doing business surely implies risks.

When the standard deviation from the expected value is too high and not proportional, a risk assessment is fundamental in order to understand if take the risk worths.

Shoeb Khan Khan
par Shoeb Khan Khan , IT Manager/CISO , Audi Volkswagen Middle East

If the threat is too high that can potentially halt the business continuity, effect reputation and impossible to achieve business goal

Samy Jarrar
par Samy Jarrar , Corporate Compliance Manager - President Office , Nesma Holding Co. Ltd

Depending on your risk tolerance, sometimes we have to accept big risks to achieve big goals. Its all about your tolerance which you calculate in your particular way

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