What does the term business risk mean?

The term business risk refers to the possibility of inadequate profits or even losses due to uncertainties e.g.,

Changes in tastes, preferences of consumers, strikes, increased competition, acts of jealousy, practice of immoral behaviors, change in government policy, obsolence etc.

Business risks implies uncertainty in profits or danger of loss and the events that could pose a risk due to some unforeseen events in future, which causes business to fail.

Business risk can also occur in one’s life due the inherited misfortunes deriving from one’s genetic traits, bad social cultured habits which are threatened by the fear of new changes, bad luck, curses

astrological spells, enchanted curses deriving from the F.U.C.K profanity, pagan festivals, hate speech against someone’s life, laws of immorality and sexual immorality which governs the country where a person dwells etc. 

Every business organization contains various risk elements while doing the business or running the organization.

The owner of a business or an organization could also face risks which are related to the mistakes coming from one’s immoral behaviors, criminal acts of breaking the law of the land that were committed in the passed etc.

An owner of a business may face different risks like in production, risks due to irregular supply of raw materials, machinery breakdown, labor unrest, etc. 

Risk zones in marketing:

In marketing, risks may arise due to different market price fluctuations (not having astable price tag on your pricing),

changing trends (always changing the interface of one’s products, service personal, not having a stable brand, running a business on the changes winds of hype, being a copy cat etc). 

Selfishness leading to business risk:

Selfishness which is caused by the love of money that leads to less customer care, exaggerated interests of wanting to making more money, rather than serving the interest of the customer, error in sales forecasting, etc. 

Business risk leading to Asset loss:

In addition, there may be loss of assets of the firm due to fire, flood, shortage of power supply, natural disaster, earthquakes, riots, social problems or war and political unrest which may cause unwanted interruptions in the business operations. 

And these disaster some of them takes place against a business due to the violetion of the spiritual laws that some of the members have violeted or broken. 

Remember that;

business risks which takes place in business, most of them are decreed heavenly judgements that haunts the souls of those who come into agreement to do business.

When you take on a business partner on board, you also bring on board his or her risk zones (curses, misfortune, decreed judgements of God’s anger, debts, bad habits, criminal accusations, and evil energies),

which that person brings along with him or herself into your business.

Thus business risks may take place in different forms depending upon the nature and size of the business.

Business risks can be classified by the influence by two major risks:

1: Internal risks (risks arising from the events taking place within the organization),

2: & External risks (risks arising from the events taking place outside the organization).

Internal Risks explained:

Internal risks arise from factors (endogenous variables, which can be controlled, educated, innovated, cultivated or governed),

Such as human factors (talent management, strikes, conflicts caused by envy, jealousy, lack of team work, disobedience,

The negative trait of seeking to build one’s selfish interests via the act of snatching ideas, tools, and clients from the cooperate atmosphere of team work. 

Conflicts caused by descrimination, conflicts caused by criminal mindset, conflicts caused by prejudice, racism, antisemitism, conflicts caused by lack of communication and lack of mutual respect), 

Internal risks arise from technological factors (emerging technologies, new upgrades, changes which occurs in within technological structure). 

Internal risks arise from physical factors (failure of machines, fire or theft). 
Internal risks arise from operational factors (access to credit, cost cutting, advertisement).

External Risks explained:

External risks arise from factors (exogenous variables, which cannot be controlled) such as economic factors (market risks, pricing pressure), natural factors (floods, earthquakes), political factors (compliance and regulations of government).

Article written by Conscious lifestyle and part taken From Wikipedia, the free encyclopedia