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10 May, 05:43

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

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  1. 10 May, 09:26
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    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.
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