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Dealing with Risks in Business
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[QUOTE="Etini, post: 336024, member: 90141"] That's why a business person has to be very realistic in his estimation of risks to be able to contend with it. What happens is that most business people would downplay the significance of a particular risk factor and it would end up being a very disastrous situation when the risk sets in because the business underestimated it and are significantly ill prepared for such risks. I always make sure that I put in place robust systems to manage my risks. That's where the need for a a plan A, B and C comes in. That way, one would not be caught off guard in terms of risks occurrence in business. [/QUOTE]
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