Topic: Coping with Risk. - page 4. (Read 1354 times)

Something that starts with knowledge will definitely give much better results because this is directly related to how to run a business or whatever we are doing. Taking risks must also be based on good knowledge because placing hope on luck is not much different from people who gamble. Therefore, taking risks must also consider several aspects, the ability to see potential, the ability to develop and how to respond when the business you are running is experiencing sales problems.

Once we have mastered these three, taking risks will feel easier, this does not mean that there are no challenges but that we know what to do when a problem occurs. Regarding risk, it doesn't only apply to business, but wherever we make money we definitely have to consider the risk because if we make the wrong decision it will be in vain in the process we go through.

between building a business and investing, both have risks, but the risk can be lower if the person understands the business or investment he is working on. for example, when he builds a business he understands what risks are associated with his business and how he should behave towards it. and the same goes for investment, what things need to be done so that the investment can run more safely and not cause losses to him.

if he understands the risks in the business or investment he is running, he should be able to overcome the risks associated with what he is doing.

If we talk about the comparison of which is more risky, the answer is, as you said, that the online sector is indeed much riskier. This is different from the offline sector, where the crime rate is actually much lower than in the online sector, where fraudsters even openly spread malicious links for victims to devour. Meanwhile, in the physical world, criminals will not dare to appear openly. It's just that theft in the real world also happens a lot, but perhaps not as much as happens in online businesses. Where we often see news that hackers drain millions of dollars from the victim's online wallet. Even those affected by hacking are usually not ordinary people but important people who have big projects. It's just that if we already know how to secure our assets online then that can reduce the risk. Unlike in the physical world, sometimes robbers can force their way into a shop that is equipped with tight security.

Both aspects of investment have a risk that's why before committing an investment you need to make sure you have a plan. Only ignorant move you will release money to the thing you don't know how it works and how will run. In the first option if you want to make a business make sure you have checked what the people need, and want, because its easy to say theres a lot of stores right there which is common and you want to compete with them in that your target market is already scattered with your competitor instead make a business doesn't have yet in your community. If this grows you succeed if not you will seek another its could be a trial and error too. Not all business becomes successful.
In investment in online still the same you need to commit something with higher valuable to your target audience the difference is you change your platform into online with less hassle, most of the online now have security later so why not use this feature so you don't get bother if hacking.

Yes, I agree with that, to be able to achieve success we have to do the best with what we do, because of course success can be obtained if we do our best. On the other hand, if we don't do our best it will produce something less than optimal. We hope that we can do our best to experience development in what we do and in ourselves too. Many people do business, but they tend to ignore the risks that exist, so that when they experience a problem they cannot overcome that problem, and this happens because of their lack of preparing everything well.

Of course, they can overcome this risk by preparing everything carefully. consider everything well, don't take action carelessly and don't consider it first, sometimes there are times when we have to dare to take risks, but of course this also has to be thought about and considered as well as possible, don't let mistakes happen that can ruin the business we are running. went bankrupt.

That's right, there are many processes that have to be gone through, including running a business that can generate profits. To be able to make a profit from the business you run, of course there will be a process that has to be gone through, step by step it must be done carefully so that there are no risks that could be detrimental. running a business, even though there are risks, there is no harm in doing our best, because no one wants their business to fail, therefore doing our best is one way to avoid existing risks, or minimize them.

That's true, parents don't have to demand that their children run the same business, indeed if they continue their parents' business there is a possibility that they can be successful, but basically everyone has their own choices, so it's better if the child starts a business according to his wishes and hopes. Parents can encourage what their children do, by providing encouragement and advice. It is true that what you say is that coercion tends not to be well received, and also the results may be less than optimal.

Yes, in every business or business there is something called risk, we have to accept this, because when we are ready to enter the world of business, we also have to be ready to accept any risk, whatever the risk, because in business it is not possible to run smoothly, but there are risks. Separately, there are several ways to minimize risks in business, 1. Conduct research and identify sources of business risk, 2. Make mature and selective plans in choosing products, 3. Adjust to capital and look at market demand, 4. It's best not to rush. Hurry to make business decisions, 5. Regularly carry out evaluations, these are several ways to avoid business risks that we can take and learn for our future business.

The point is that success requires careful preparation and there are many things we need to achieve in carrying out the process. Everyone has a destiny line that needs to be fought for and usually this line is different, as long as we are able to see our own potential it will be much easier for us to develop ourselves. Business, investment or any job is just a tool for us to reach the stage of financial freedom and of course people's luck lines are different with maximum work levels and don't ignore the important things that drive our success.

Businesspeople are not born by themselves because there is a long process that they have to go through to be better prepared and know how to face risks. Forcing ourselves to run a business without our love for the work we do will only waste time. Parents don't need to direct their children to do the same business as them, but if they intend to inherit it, introduce the business they manage as early as possible and provide education to their children so that they are interested in the business. Because coercion will only make them less interested in running the business.

It is necessary to consider mitigated versus unmitigated risk while attempting to understand risk. Both businesses appear to include some danger, but the question here is how much risk-taking you can manage to make it manageable for you. You might have better security around your digital business or insure the real one. Consider how you can make things okay rather than the risk as it is.

Base on my very little experience as an online investor,  the latter is more riskier.
Am sure when a proper survey is carried out base on this topic you will be surprise the number of people who are victims of wallet hack/drain.
The most difficult aspect of online hack/drain is that the victim is left with absolutely nothing, and it is very easy to get compromised online than offline.
So I would say, offline is less riskier than online.

yes it's true, everyone has a different destiny,  maybe you can be successful with investing and I'm successful in business. everyone is unlikely to always get the same success because there are many things that can make us successful and it depends on ourselves, whether we want success or not, because if we really want success we must be able to try as much as possible to achieve the success we want in our own field. i agree with that, forcing to keep doing it is not good, because what is produced is likely to be less than optimal, do it with the basis of pleasure and love then the results can be positive.

It can happen because there are cases like that, and there are also people who don't like their work but because of their poor circumstances they try to adapt to the work they don't like in my opinion  if it's still on this one thing, the problem is adaptation even having a job that they like at first they need to adapt, to be able to survive,  it's just that they survive because they really like their job the same is the case with jobs they don't like if they can adapt then they can adjust themselves so that maybe it will make them comfortable.

I have a friend who does that, she doesn't hold any inventory at all, she is just a middleman basically, but she sells it like it's her own product. The place she had a deal with, agreed to put on her brand as well, so a company manufactures products, put on her brand and ships wherever she wants. All she has to do, is have a website, sell some stuff, and if she does sell something, she gets paid, then at the end of every month, pays the company who actually does the products.

This way, she makes a cut, and looks like it's her own product that way, meaning if she ever decides to change manufacturer, she could do that and just tell the new one to use her brand. That is the way you grow without spending much capital to start.

It is certain that people will live their lives according to their own style because following other people's lifestyles may not necessarily provide maximum results. Especially if you imitate other people's lives in terms of developing a business because different people have different skills.

Someone who does not dare to take risks is not suitable to be in the world of business or investment, they would be better suited to gardening or working in the government sector. If you want to be successful in business or investment, people definitely have to take risks because their comfort zone will not put them in the desired success. Overcoming risks is not easy, especially if someone does not have mature skills when running a business or investing and when people have knowledge, that is where we can minimize existing risks.

I agree with this view because not everyone has the same job because if that were the case then there would be no manual labor jobs or other jobs that rely more on labor. Everyone has different opportunities to achieve success and this can all be realized by practicing their skills to become better and mastering what they are doing.

Just do your own ways of living and ways on how to make it better. You cant really just that make yourself able to reach out someones success to be similar but doesnt mean that you wouldnt really be doing such act.

Everything in life does have that corresponding risks on which you would really be needing to deal with. You cant really just that make yourself having a progressive life if you wont really be making such actions
on which it would really be just that right that you would really be making such move for you to be able to achieve something. You would really be needing to cope up on such risks so that you would
really be able to achieve such state but we know that not all people would really be loving on taking up such risks.

This is why we do see different peoples position when it comes to financial aspect because there are ones who do really love on taking risks and act according into it
and there are ones who do really have no plans on doing something at all.

In the fast-paced world of crypto, trying to swallow every detail whole is like chasing a runaway hamster – you'll end up exhausted and dizzy. Instead, let's build a mental fortress of critical thinking to navigate this ever-shifting landscape. Sure, knowledge is power, but prioritize the right kind. Instead of memorizing every token's whitepaper, focus on understanding core concepts like blockchain technology, security principles, and market dynamics. This gives you the tools to think critically and make informed decisions, even when faced with new information.

Remember, the crypto world is a maze, not a map. There's no single path to success, and the landscape is constantly changing. But with a sharp critical mind as your guide, you can explore with confidence, avoid dead ends, and find your own unique path to success.

Everyone was born with a different success because it is impossible for everyone to reach the same stage of success. But from what we do should be a reference that doing business or running any business must be based on the skills that are appropriate in their respective fields because they force running Something outside our ability will cause the business will not develop. There are many people who fail to do business because they do not have a love of work they do and often they work because the factors of the encouragement of others are not the job they like.

When we don't like the job, we will ignore the important things that need to be done and are often trapped by unwillingness. This often happens usually when parents force their children to continue their business, even though the child does not animate the business of his parents. But because it is forced so that children try to follow and in the end the business fails and must be closed.

Once someone ventures into any business without doing their own research and understanding the risks associated with business, failure will surely be their starting point. Some people's businesses easily collapse because they just venture into them without knowing anything about the business they started, but they just started it because they saw other people making money from it. Like in the cryptocurrency industry, for example, a lot of people end up in tears by losing their money in crypto, not in anyway, because they invest in some  project that they know nothing about but follow in the footsteps of other people blindly.


I don't think I can do any business that is associated with a lot of risk, whether physical or online. I will involve myself in it unless I know I can find solutions to the risks and make it less risky. Just look at the Bitcoin investment. It takes some risk too, but by doing the right things, all those risks will be minimized. For example, we know of hackers hunting for wallets to steal Bitcoin. The best thing to do is provide Bitcoin with proper security, storing it in non-custodial wallets that hackers can't do anything to, but by not giving it proper security, Bitcoin can be easily stolen.

Well imagine running a physical store and  you've got risks like theft, fire and market ups and downs. Then think online investments, especially in crypto and you're dealing with hacking, lost passwords  and irreversible transactions. It's about balancing tangible and virtual risks and it depends on what you're comfortable with and how well you can manage those challenges

There are many things that can minimize risk, perhaps one of which is making insurance for real life businesses and in online businesses, whether investing or trading, there are also many ways to minimize risk, such as studying more deeply before entering into it.
Indeed, basically everything that has the possibility of making a profit will not be separated from risk, it just depends on how we make a large or small percentage in facing that risk.

It is difficult to concentrate your entire business on the Internet, if you are engaged only in sales and do not sell your own goods, and you do not need a warehouse to store goods, then this is possible, but if you are a manufacturer, or buy goods in bulk, then you will not be able to limit yourself to just an online store . Online business has now become a very convenient tool for sales and it can definitely save a lot of money if you can eliminate the cost of rent and other associated costs. There are probably service companies that do not require office space and will receive the best benefits in this case.

Risk is a something some people are avoiding in some investments not knowing that there is a something behind the risk that will turn their investment around for their favour if they can invest in the right time like when you take the risk to buy coins in the bear run and hodl to sell in the bull run to make more money.

 As long you know that, there are two things that involved in that business you are about to start, which are profits and loss but if you can take a good step to invest in that business you know very well that it will be difficult for the business to fail  before investing your money, you will not regret for taking such risk in that project.