Ask Question
BusinessBusiness
8 June, 02:07

What are some risks and how do you plan to reduce or eliminate them when having a business

+5
Answers (1)
  1. 8 June, 05:20
    0
    1. Buy insurance: Though insurance is an expenses, it safe guards you and yours business from huge loss.

    2. Income from multiple sources: Always do not depend on single income. Make sure that income comes from multiple sources so that you can make your business alive.

    3. Have a savings: Entrepreneurs should save money as how much as they can. We cannot know when there will be a profit and when there is a loss. We can only forecast to a particular extent.

    4. Limits on Loan: Keep your loans manageable: Do not step into huge loans where it will be difficult for you to manage when there is a sudden lose.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What are some risks and how do you plan to reduce or eliminate them when having a business ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Purchased goods on credit at a cost of $500
Answers (1)
a. ABC Bank has $300,000 of checkable deposits. If the Federal Reserve has a reserve requirement of 12 percent, what is the required reserves? $ b.
Answers (1)
Todd is a cattle rancher. In June and July he spent his clothing budget on jeans and cowboy hats. Each pair of jeans cost $50 and each hat cost $100. At Todd's optimal choice, his marginal utility from the last pair of jeans purchased is 200.
Answers (1)
Tina makes a check payable to jeff. jeff endorses the check with his signature and writes, "payable to ava." ava then endorses the check and takes it to her bank to be deposited. which answer correctly describes this scenario?
Answers (1)
Which of the following is an example of haptic perception? a. A consumer smelling a new brand of perfume b. A consumer touching a new brand of bath towels c. A consumer watching a new video game in the market d.
Answers (1)
New Questions in Business
Depasquale Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.51 direct labor-hours. The direct labor rate is $8.60 per direct labor-hour.
Answers (1)
Bruce is a salaried nonexempt employee who earns $42,500 annually, paid semimonthly, plus a 0.25% commission on all regional sales, paid monthly on the first pay date of the following month. During the month of May, the regional sales were $103,500.
Answers (1)
What could occur if grease trap is not maintained
Answers (1)
Waupaca Company establishes a $440 petty cash fund on September 9. On September 30, the fund shows $193 in cash along with receipts for the following expenditures: transportation-in, $46; postage expenses, $78; and miscellaneous expenses, $111.
Answers (1)
On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 16,000, $7 par, common shares. The market price of the common stock is $36 on this date.
Answers (1)
Home » Business » What are some risks and how do you plan to reduce or eliminate them when having a business
Sign Up Forgot Password?