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Types of risk every hustle and business faces
Trading
2 days ago
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Liveth
2 days agoHustlers and business facesa lot of risk , which some are shown below.
Financial risk: the danger of loosing money from bad investment, unpaid dept or market crashes.
Risk from how you run your hustle, supply chain issues, poor system or employee mistake.
Strategic risk : when business decision or goals don't allingn with market reality, leading to failure.
Compliance and legal risk: fine penalty or short down from breaking law's, tax rule or industrial regulations.
Reputational risk: loosing trust of customers, partners or public. Often the hardest to recover from.
Investment and natural risk: disasters like flood, fire or pandemic that disrupt your hustle.
Cyber and information risk: digital threat's, hacking, scam and data leaks that can damage your business.
Risk are everywhere but with smart planning you can control them instead of them to control you.