This Question is Answered 

    anon

    What Are Some Of The Risks Involved In Starting Up A Business?

    In starting up a business there are risks to be considered, i want to know what are these risks wether internal or external.

    asked 8 months ago

    Can't find what you're looking for?

    Ask a Question, Get an Answer ASAP


    Date | Rating

    Answers


    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   

    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    Report

    Edit Comment

    New Comment

    1000 words left


      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   

      New Comment

      1000 words left

      What is Blurtit ?

      Ask questions on any topic, get great answers from real people for FREE. Blurtit has hundreds of thousand of members so your sure to get the answer your looking for.

      Ask a Question.