When you do any business, you have to take the risk. There is no business with any risk. So what you can do is to identify the risk and take steps to manage the risk.
There are two kinds of risk. Internal risk and external risk. Internal risk arises within the company. It is comparatively easy to manage the internal risk. On the other hand, external risk arises from outside of your company and you have no control over external factors. Let's watch this video.
Please feel free to share your thoughts in the comment section. Thank you so much for watching the video.
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Risk management is one of the greatest factor that work in favour of the business or against the business.
So identifying this early is a great advantage because if you're able to manage your risk at all times the business will be successful. However don't consider internal risk to be easy to manage because is a key factor that brings down business slowly.
Internal risk is comparatively easy to manage in a sense of having more control. I agree with you. If you are not careful, internal risk can be a factor in your business failure. Thank you for sharing your thoughts!
Yes I understand internal risk is a factor that can bring business failure but that's because of lack of management.
Reality, no business with out risks and no business with risks you have to manage them according to there levels. God bless the author
Thank you for your feedback!
Almost welcome boss
Reality, no business with out risks and no business with risks you have to manage them according to there levels. God bless the author