2007-05-07 20:04:10 · 3 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
You have to take risk in order to start a business. Since there are no guarantees, to open a business IS to take a risk. After all, even a McDonald's could fail. To be entrepreneurial is to be inventive, original, to take a risk. So if you take as little risk as possible, is not to give yourself the opportunity to succeed, or to achieve great profit. I have seen that happen, time after time, in small business. The business owner has some minor success, and naturally wants that to continue. Someone comes by to sell them on a new product that has the potential to make a lot of profit. But the owner has to learn a new way to do things in order to make the profit. Fearing losses instead of gains, the owner refuses to take the risk. The business may go on for a while longer, but the business that decides to go all out for the new product is the one that has the best chance of success. I've been there, I seen the failures because of the fear to risk.
2007-05-07 20:35:35 · answer #1 · answered by Jeanne B 7 · 1⤊ 0⤋
Every type of business takes some risk. You invest time and money into your business in hopes you will get profit. Some times it works and sometimes it doesn't and the business goes under.
2007-05-08 03:11:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋
if it involved zero risk/investment to make a certain profit, everyone in the world would be doing it, thus making it unprofitable.
2007-05-08 03:09:43 · answer #3 · answered by John S 2 · 0⤊ 0⤋