ENTREPRENEURSHIP

Detailed explanation-1: -Entrepreneurs face multiple risks such as bankruptcy, financial risk, competitive risks, environmental risks, reputational risks, and political and economic risks. Entrepreneurs must plan wisely in terms of budgeting and show investors that they are considering risks by creating a realistic business plan.

Detailed explanation-2: -Market risk, also known as systemic risk, refers to the risk of loss due to fluctuations in the market. To mitigate this risk, an entrepreneur should develop and implement various strategies that inform you of potential changes or disruptions.

Detailed explanation-3: -There are five kinds of risk that entrepreneurs take as they begin starting their business. Those risks are: founder risk, product risk, market risk, competition risk, and sales execution risk.

Detailed explanation-4: -Security and fraud risk. Compliance risk. Operational risk. Financial or economic risk. Reputational risk. 16-Jun-2021

Detailed explanation-5: -strategic risk-eg a competitor coming on to the market. compliance and regulatory risk-eg introduction of new rules or legislation. financial risk-eg interest rate rise on your business loan or a non-paying customer. operational risk-eg the breakdown or theft of key equipment.