All the decisions we make, of course, has certain risks. No exception to do business, there are risks that even high enough. Business activities aim to get the maximum benefit, and will certainly have a great risk in the form of loss of money in large quantities.
As entrepreneurs, especially entrepreneurs, we must be optimistic that we will be able to face the risks involved, and even we can memiminimalisirnya. This can be done so that all the plans can work well as expected, for the course to success.
If you’re an entrepreneur, here are four risks of doing business need to know.
1. Risk Losses
It is a major risk of the business activities. Loss is feared by the perpetrators of his own business. A company could experience a loss in 2 categories. The first is a mild losses that are not too much and not have a negative effect for the whole company, and the second is the type of loss that makes the entire cost companies and lead to bankruptcy.
2. Risk of Competition Tight
Businesses are also at risk in the competition. There are many businesses that are engaged in the same business with ours, so there is a risk that competition between the two.
Businessman going to fight over the market, which will be their market for the continuity of the business. Should compete fairly, to be equally beneficial.
3. Unstable Market Conditions
The economy of our country being unstable, determines the state of the market for growing business today. Examples such as the price of raw materials, where the price of raw materials can be confusing at times we sometimes, as a business person.
If the business we are selling a product, then economic instability will affect the rise and fall of the price of products in the business. When prices rise, consumers could switch to other products that are cheaper.
4. Need To Work Hard and Do not Give Up Easily
The risk of the latter would have been welcome by the business is to continue to work hard in developing their business, and do not give up easily. Running a business should be focused, honest, just, resilient, industrious, and no less important is Ikhlas in running the business.
5. Dare to Start a Business, Should be Ready to Face Risks
Before starting a business, you must know some risk in it, so when it started to run them, all obstacles and problems that occur in the business, can be resolved, without having to give up and close businesses already begun. Dare to bear the risk and not give up is an absolute requirement if it is to succeed when running a business.