Topic: Coping with Risk. - page 3. (Read 1349 times)

A physical location could still be hacked you have to remember just to have safeguards in place such as cyber insurance, you should also have an Endpoint Detection and Response cyber security solution to make sure you aren't vulnerable to ransomware. The same risks apply to an online business and of course the handling or BTC and crypto must be safeguarded extremely well because this is exactly what ransomeware groups are after!

Eitherway, risk would be present and your job is to lessen that risk. As others haave said, diversification would be a better option if you're not sure of what to do in this situaation, than to choose one and go all out with it. Also depends on what's best to work for you considering circumstances, capital, and knowledge but for sure knowedge should be given priority. It may also help you decide if it is offline or online business you are planning. Seeking for knowledge is also determining your 'grounds'.  You'd be able to tell which one would be more likely to succeed and which one is in contrast with your ideal investment set up. You'd learn along the way and conclusion is more likely to be formed. Never be in a rush.

Common mistake of business owners, is to engage with things they did not even invested with their time, they just tend to follow what's new. Well, it does work sometimes but with appropriation. It is not only the business platform but also the process of actually managing it for a long run.

It's not the efforts but it was when we enter a business. Efforts are in fact a good thing because it simply means that we are working towards our success. Levels of risks can depend on our ranks or how long we are into the journey that we are trying to venture. If we are beginners we should start with lower risk because we still lacks in knowledge. We can gradually elevate our risk, the more experience or knowledge we gain.

Even though we are now established, obstacles are still there, though they are now new obstacles which can be tough but I'm sure we can always overcome them if we still repeat the same mindset we did before which is to never quit easily.

Priority scale and being able to see opportunities because business cannot just be run without considering other aspects. We often hear how people are thinking about taking risks, but this courage must be based on knowledge of what is being carried out. Without risk, we live in a comfortable zone, but we don't talk about the stage of accumulating wealth, because all forms of work definitely have their own risk impacts. Building a business based on emotions involves the risk of being wrong because we can never reach the negative effects that will arise.

Opportunities, reading market needs and having analytical skills to develop a business are quite necessary, so that the picture of the business we run has a level of success. When people want to learn there is nothing difficult because everything can be learned and if in someone's opinion the business is right then learn how to dominate the market, that way we know what kind of consumers we should target.

The way that you worded those choices leaves us no way to weigh in on what's better since they both got a lot of risks involved in them, I'd rather go for the one that will give the most rewards which would be B. It's an online investment and I don't think that there's no way that I'll pass up on something that's high risk and high reward investment, sure it's prone to hacks or scams but the pay off for a little money wouldn't hurt and with a physical business, you're going to be spending more because you're going to need to hire people and save money for upkeep cost for the business.

this also needs meticulous planning so that the capital, resources, and time spent won't go to waste because fairly speaking there are people that are steel willed never giving up but they depleted their resources fast because they just follow the saying "just do it" without any meticulous planning.
this is also the reason why only very few business man out there could succeeds because starting out business is just that difficult and need to factor the fact that people are sometime lucky to have their business succeed, we can be spending time, resources, meticilous planning and capital to build our business and would still fail if we are unlucky enough.
having business is all about doing the right thing at the right time.

Risk management is an essential aspect of investment. Indeed, all investments carry some level of risk, and understanding how to effectively manage that risk is crucial for success. Physical investments, such as real estate or tangible assets, often come with risks that can be more easily identified and mitigated through measures like insurance, maintenance, or diversification. The tangible nature of these investments allows investors to assess and manage risks more directly.

Online investments, such as stocks, cryptocurrencies, or forex trading, can indeed be more volatile and carry different types of risks. The intangible nature of these investments can make risk assessment more challenging, as you rightly pointed out. With proper research, education, and risk management strategies, investors can still navigate online investments successfully. Whether investing in physical assets or online ventures, the key is to understand the risks involved, take necessary precautions, and make informed decisions based on your individual risk tolerance and investment objectives.

All investments involves risk, learning how to manage the risk is the main thing that will make your business go fast because we know that the higher your risk, the greater the reward.

Physical investments is good and the risk is reasonable because it can be controlled or it can be seen and be managed by taking some major precautions to prevent all these risks involved.
While online investment risk is more volatile and it is easier to lose money online since you cannot see the risk but if you also take some precautions, you can manage the risk and get your reward.

There is risk in every Business be it online or offline but the major thing is to identify the risk, sometimes it is very difficult to identify the risk that's involved in a business because of the over anxiousness of people to make money by all means, a business person with prospects thinks about the negative and positive affluence of their business, if you are into online business that's is defined I don't think that you will have anything to worry about, this is also applicable to physical establishments, to me what matters in this too is the knowledge and the research of the person that's us involved.

Investment is a risk if you are investing into something that can bankrupt, if you are investing into something serious then it's very difficult for it to go to zero, however if you start a business then it's quite likely that it could end up going to zero.

This is why I think it's quite important for people to know the difference, one could make you richer but also be zero while the other could make you richer but less richer while not going to zero. Obviously, you could also get poor and zero with investment as well if you invest into something silly, so if you prefer the investment route then you should end up doing something that would make sense, and in this case I would say investing into bitcoin would be good enough for people.

why did you go there? I am only describing a business that is carried out without any knowledge or knowledge related to the business being carried out because if you run a business without knowledge it will be difficult to succeed, just like lighting a fire on a tower, it is very difficult to succeed. Every thing you do, of course there are risks, have you ever found a business that is not risky? In my opinion, there doesn't seem to be any. Everyone has their own risks. With the knowledge or knowledge we have, we can overcome the risks that exist and maybe it's good that they can be avoided.

It is true that every choice, action must be evaluated well, this is the same as considering it thoroughly. without considering it, we can only hope that a miracle will happen, where something done haphazardly must produce positive value, but that will not happen completely, because as you said it is more about betting, not strategy If the risk can be avoided, why should it be taken? I think risks can be avoided well if we have good knowledge and skills Of course no one wants to experience risks with what they do.
the same goes for investing. Investment or business certainly has its own risks and many people experience problems because of their lack of knowledge about what they are doing but what is good is that we must be able to learn lessons from the problems that occur by fixing them so that they don't happen again in the future.

Yes when venturing into investment you should know which one is suitable and favourable to you,you can't go into something that will end up generating a total loss.
Even in business you can't really tell if the business will be a total loss or not.its all depends on your management skills and how you go about it.

Moreso any online investment might be having a high risk chances depending on what investment type but you need to hold your horses and making sure both physical business and online business turn out to be a Great achievement

All efforts that we will undertake in business clearly all have risks, even though there are differences in the risks that will be faced, at least establish yourself first because there will be obstacles or obstacles that we must be able to overcome.  The point is, don't give up easily when you experience failure in any business, because from there we can further perfect or correct it again in order to achieve success

Both are risky if you don’t have the necessary knowledge and experience that will make your investment works. Even if you are knowledgeable on your chosen investment but that is your first time to manage it, then the chances to lose is high and inevitable.

However, each type of investment can be learned in time if we have the patience and interest to study the investment. The problem with a lot of people is that they expect immediate profits when in reality, it takes time to see any business grows and prospers.

investment or business is something that has its own risks, in my opinion there are also many cases of failure in business and investing due to a lack of knowledge about what is being done. If we have a good understanding, serious problems probably won't occur, and even if there are problems with what we do, whether it's investment or business, we can handle them well because we have a good understanding of the related aspects. So even though there is a risk, it can be minimized by doing it well and considering everything as best as possible.

In my opinion, some people are unable to overcome the risks that occur, this is due to a lack of understanding about the movement being carried out, sometimes there are people who always experience risks but still do the same thing without correcting their mistakes and for the reason of trying their luck, according to In my opinion, if there is a problem with what is being done,  be it investment or business, then we should be able to understand the related aspects so that we can overcome the risks involved, then maybe there won't be any bad problems that will occur.

They are both good and you will make money from both of them, but you can not avoid the risk, if you understand your business makes everything flow well for you because it is not necessary to even build a business, you can at the same time invest, instead of building for example now people that are into agriculture, you don't need to farm but you can invest by buying and keeping and when the time is right you can sell, and that one is even more preferably and less risky compare to farming that anything can happen, talk about erosion and maybe pest infection and other diseases. and there will be other examples that can be given, so with all this just shows that I will want to just invest than to just build and with the experience and what I have seen.

Both have their own risks. We can’t expect that regardless if it’s online or offline, there are high chances to succeed over the other. Of course, one only gets real advantage if he is knowledgeable on the type of investment he decides to enter and take risk. If he has past experiences with that type of investment, that would be another great advantage, and most especially, if he has all the financial resources that is readily available and can afford it losing, then that will eventually lessen the risk which gives bigger opportunities to succeed whatever type of investment you chose.

Directly following others or going to an exchange account for bot trading or copy-trading are not very reliable. We may think that investing in coins that are cryptographic is more risky than investing in businesses that have physical assets, but we are wrong. That's why our thinking is wrong because risk depends on your skills your success or failure will depend on what you are good at. If someone has a good understanding of crypto business then he should do crypto business or invest in crypto platform. On the other hand, if a person has his own expertise in physical business, then it would be a good decision to take up physical business. The idea that a person is successful in a particular business and I have to trade the business he has done in order to be successful is wrong. Whether the business is small or big, we have to be comfortable in any business. 
Directly following others will result in huge losses of money and recovery of those losses will be a very difficult matter for an investor.

Business knowledge isn't a luxury; it's your market armour. Firestarting without knowledge? We don't go there. We construct empires with wisdom, strategy, and foresight. You say risks? They're not simply road bumps; they're bravery signs. Not all risks are worthwhile, yet without them, you stagnate. Lack of corporate growth is the actual failure, not setbacks. Calculated risks with knowledge and confidence, not wild jumps into the unknown

Those who decide "what later"? A gamble, not a strategy. Every choice must be evaluated against knowledge. Not avoiding risks, but knowing which ones are worth dancing with. The smart move? Accept knowledge and control-related risk. That turns obstacles into opportunities

That's true, of course science or knowledge will also help us in running a business, because if you run a business without knowledge or knowledge it is the same as lighting a fire in a high tower, it will be difficult to succeed Risks that usually occur in something that is carried out including business, can occur intentionally but even so, this does not mean that we really want risks to occur, but sometimes we need to take risky actions for the progress of the business that is being carried out as well.
only people who have good self-confidence can take risky actions in business and I think people like this are not afraid of failure. by we can overcome the problems that occur well, we can indirectly take lessons from it, why the problem can occur, and think of ways so that the problems that occur do not happen again.

Sometimes there are people who take action without considering it first with the sentence "what later" this tends to end or result in bad things, and there are also those who consider it well with the sentence "what later", these two things are almost the same, but each has its own purpose and meaning. I often hear this from my friends who have businesses. If something is done that has the potential to generate profit (money), it should be considered as carefully as possible, so that the action taken is not taken carelessly, because that is not right. There are definitely risks, but they can be minimized if we do it well, by considering everything thoughtfully, taking this action, what kind of risk it is and how we should handle it, taking action like that, what the risk is and how to handle it, everything must be taken into consideration. well. then risks can be avoided or can be overcome easily.