Topic: Coping with Risk. - page 5. (Read 1349 times)

Ethics in business must exist because now every businessman must be able to see who his competitors are and how he can create opportunities to develop his business for the better. That is why what you say is not at all wrong because every businessman must be able to know his own abilities in running a business even if the business is not seen as a passion for him. Because the main goal in doing business is to make money through profits which are achieved through their respective strategies, even though every businessman has already understood any risks.

Regarding risks, everything has risks along the way and the problem is that if a disaster occurs at any time in running a business, whether the scale is large or small, it is beyond our ability to predict, but at least every business that is run, if the owner wants to insure it, either the building or something else, which if it does happen, we easily submit a claim for this incident according to the applicable regulations of the guarantor.

Everything we do will definitely have risks, both big and small. We never have or do anything without risk.
In terms of investment, the risk will definitely be attached, but here we can minimize the risk by preparing as well as possible so that the risk we have does not result in things we don't want.
But for me, never run away from risk, because the greater the risk we take, the greater the benefits we will get later. It's just a matter of courage, because if we don't have great courage, then we will never dare to take risks.

Whether you invest physically or virtually, you have to risk some money. Investing means putting money in a place and expecting to make a profit from it. When trading in businesses that are virtual, you might think that your money could be stolen, but if you can keep your personal information safe, there is not much risk of theft. What matters in virtual trading is whether you are able to trade correctly or how well you make trading decisions. If you follow others directly in this kind of trading, you will make a mistake, without following others directly, you can apply the right ideas from others in your trading, but it is better not to follow directly. 

On the other hand, there is a good chance of loss instead of profit in the physical business, because you invested money in a business but you could not buy and sell your products as expected, but you may suffer a loss, so both types of business must be considered somewhat risky. But you must take this risk in business because if you can't take this risk then the business is never for you.

I believe it's not just about the level or the number of risks involved when it comes to starting a business or making an investment, there are more factors one needs to consider when thinking of doing any of that either offline or online.

The very first thing that comes to mind is to understand the niche you are getting into. You can't study electrical engineering and then get into retail business when you have the funds, similarly, you can't start an e-commerce website if you are not into that thing and have never done any research or have known anything about it before getting into the business. If you do that, you will most likely fail.

So, risks are present on both sides, but what's most important is your interest and understanding of the side you are getting into, and you can only succeed, in any of the two sides, if you know what you are doing despite the risks involved.

That's right,  I agree with you. It is clear that risks are everywhere and that is certain Whether investing online or offline in the job you have or the business you run, as well as your relationships, everything in life has risks. Sometimes there are also things where the risk cannot be avoided such as losses from the food business, this has risks that cannot be avoided, also with investment, in my opinion, the risk is there, but maybe it can still be minimized by having good knowledge. It is true that you say that a business needs a strategy to generate profits, whether from the process or marketing, but marketing is also an important thing in running a business. Many people run a business but are not good at marketing it, but this can be minimized by recruiting other people who are experts in marketing, even though it costs money, at least this is also for the good of the business being run.

Yes, it does need to be considered, because everyone has their own skills, some are experts in trade or investment as well as business, and in my opinion before that we have to like or love the business or business that you do, because in my opinion there are things that make us profitable but we don't like it and make us uncomfortable in running it. Therefore, loving what we do is also a requirement in order to make us comfortable running it. In my opinion, those who fail in their business but have enough money to start again should fix what they did wrong, because then of course the business they will run again can run well in the sense that the mistakes that have occurred will not be repeated again. And also with those who fail and quit their business it may indeed be due to inadequate financial factors, but even so maybe if they have a strong ambition in themselves they will return to the failed business by taking a loan action, in my opinion this is not wrong, although it is risky but this in my opinion is a step forward and indeed to be successful we must dare to step forward despite the risks.

For me running physical business is harder and are more risky compared to just doing online investment. Running a Physical Business required us to communicate and make relationship with people, and is involving many parties, for me working with other people is a lot harder because our business will be very dependent to their action and sometimes our reaction doesn't do much. With online investment, even if you said that it's a high risk of hack, our own action still significantly affect the trajectory of our investment, we can do our best to enhance the security of our investment so hacker will have difficulty hacking it.

All that being said, by running a physical business you are helping to run and grow the economy around you, employing people and help them to get a job. I always adore and amazed by people who can build their own business.

Our lives are full of risks and there is no place in the comfort zone for someone who is struggling to seek financial gain. Business requires strategy and intelligence is needed to read opportunities because when business there are many things you need to learn. Not everyone is born to be lucky with the business they run because not everyone's business potential can develop well and different people have different levels of success.

If we want to develop a business, we must be able to see opportunities and we must also see the potential in what business sectors are suitable for us to develop. That way we have a view before starting and know how to develop. Many people who fail in business and who are financially ready will start again even though they have failed, others have to stop because they don't have the capital to continue.

All business are risky be it offline (physical) or online but it is necessary to study the business standards very well before starting to run a business. One should be able to know more about the business they are venturing in and shouldn't venture into a business because you have passion for it to passion ought to be involved but still knowing about ethics of the business is really very important.

I say both are highly risky in the individual's respective perspective that are involved in either any one of the two.

A physical business owner will narrate to you the risk involved on the road or sea in terms of delivering their goods, with an accident or a mishap and the ship sinks all that goods are lost and money gone with it. There are possible armed robbers/burglary attack and many of the other risks op has mentioned.

While for an online investor in crypto are also embedded with couples of risk that we are all informed about so I would decide not to go into listing. But in all of those risks in the two different areas of doing business it all depends on the individual on how he manages these risks and play his own part in keeping himself away from making avoidable losses. And also being able to accept certain situations that may occur which may be beyond control. Risk is everywhere!

thats why online business thriving because it just doesn't all that thing required to set up physical store and the demand for it sometime just the same if not higher, since being available across the world, means you re open to higher amount of customers around the world and that only can be realized by having online presence which is online store.
nature is all about being efficient, like taking the most efficient path just how lightning made its way in solid object, like this one, if physical business that is setting up offline store just doesn't seem like a really good idea then I guess switching to online store would solve the problem also the risk accompanied by setting up online store aren't that huge, we can be reselling for zero risk but of course with lower profit.

Just like in an online investment, there is also risk associated with a physical business which may be higher. For example the risk of fire, flood, other natural disasters. There's also the risk of theft, the risk of the governments demolishing your physical store. When compare to online business whose risk is not highly place. If you build your online business store to have the lastest and best security then you can even take of it. You can take your business all over the world any time any day but not so with the physical business.

In this context, we certainly realize one thing that all forms that we do whether it is when investing in bitcoin or even looking for other options such as doing business or any business all have risks that we certainly have to face in this case.

We can't miss this because after all risk is part of the process that we do in supporting life to be better, especially in terms of the finances we have.
All have their own uniqueness and the risks we will face will not be the same when in bitcoin or in other businesses in real life we do but the context remains the same that we must face the consequences and risks that we have in the end.

Investing in bitcoins exposes you to technological risks, such as hacking and errors in cryptocurrency management. On the other hand, a physical business entails risks like fires, thefts, and market changes. Each of these options has its unique challenges, and people have different preferences. For example, older individuals tend to be skeptical about cryptocurrency, while the younger generation embraces new and innovative concepts and may take risks.

Both have actually high risks most especially if you are still a newbie in your investment. You are still prone to wrong decision making that would make your investment to fail instead of seeing it growing. However, if you know how to manage your investment, be it offline or online, you will find ways on how to overcome those risks, or at least minimize them.

While diversifying is a good idea, I believe it takes time to learn both investments and the amount of capital might be huge and hard to achieved. But if you are seeing potentials on them both, of course you will take the risk and do everything just to cater both investments and make them completely work.

Risk is risk in as much losses is involved, that is where risk management comes in, venturing in to any one as listed required you to have a good knowledge on how to manage the risk, it is this knowledge that differentiate individual on their choices of taking the risk. The risk you take in running physical business base on your understanding of the management can't be for Mr. A.  likewise person who have the knowledge of managing online business or investment. What you consider high risk to some with understanding of it management can be regards as low risk. In my opinion it's base on one understanding and management, no one is most preferable, is tide down to individual choices .

There is no risk of going without any such work.  And if you want to do any work, you have to take risks.  No one can say with certainty that physical work or virtual work is better or worse.  If you can do well, you can do well in any business.  Many are facing investment losses in physical work while others are doing great.  Many people are victims of scams by investing in virtual work & many doing well.  Now tell me how to determine which one is good to invest in and which one is bad to invest in.

I think that the risks don't have to do with it being an investment or a business. Investing in a random, highly volatile asset can be riskier than opening a small photo studio business, for instance. However, investing in something like gold is safer than starting out a business in an industry which you don't know and/or in a country where it's unsafe to do business.
But online investment is less time-consuming than running an actual business because you can just buy and hold an asset, but you really need to be involved to run a business.

In my opinion every single business possess a risk and you will be successful only in that field about which you know better, you can manage it easily, and you have experience in it. In business sometimes you will win and sometimes you will loss because a continues profit is rare in both online investment and physical business.

If a person is expert in carrying a physical business then he can get lots of profit by doing it otherwise if an unexperienced person initiate any type of business whether online or physical he will face large loss. But another suitable option is to get knowledge about both and then initiate both with little sum of money so in a case when bad days comes in any one business you can take profit from another one but the main thing is experience and management system that can help you to make profit.

Both have similarity and it just depends on the person that manages a whole thing. There will always be a risk watching you by doing the business and you can't deny that. But, how they manage the risk for each person is varies and some people would find it really easy to tackle the problems and risk but the risk would find it really difficult.

Both could end you up to bankruptcy if you are not careful with anything surround you and you don't really specify what's the type of online investment are we talking about? Is it crypto, stock market, or online business? They are different.