In starting up a business there are risks to be considered, i want to know what are these risks wether internal or external.
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Following are some risks which you can face.
• Bankruptcy in case of loan.
• Can't find potential customers.
• Friends take over the company if you start a business from their money.
• If wrong marketing then low or no profit.
• If the product or business is launched at wrong time then there is a great loss of both time and money.
• Not getting the break-even in required time period. Etc
So the biggest risk of all is losing money.
answered 8 months ago
Everything in life is risky, if you don't risk yourself you wont learn anything. So please if your thinking of starting a business do it boldly. If you fail don't worry, use that knowledge for the next one.
answered 8 months ago
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All good answers. A further item that might be added is product liability. If you are a small company (and cannot afford product liability insurance) which builds a product, and someone hurts themselves with it, it can mean costly lawsuits.
comment made by BillZBub 8 months ago
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