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what is risk in entrepreneurship ?

Sagot :

UnknownymousDGSidn

RISK IN ENTREPRENEURSHIP

Risk in entrepreneurship refers to the problems that an entrepreneur and the business is going to face in the effect of certain actions or decisions.

It is believed that entrepreneurs are the most prone to risks. Some obvious risks entrepreneurs may face are bankruptcy, economic risk, competitive risk, reputational risk and etc.

Other risks entrepreneurs may face:

  • Political and Legal Risk
  • Technological Risk
  • Employee Risk
  • Strategic Risk
  • Health and Safety Risk
  • Environmental Risk
  • Operational Risk
  • Career risk
  • Family and social risk
  • Psychic risk

Read more here:

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