Question

With knowing the accurate amount, the company can decide to proceed (or not) with a business venture, thus confirming, "Won't you first sit down and estimate the cost to see if you have enough money to complete it?" (Luke 14:28).

Answer 1

A business venture always involves several risk factors. Those risk factors include factors which are speculative in nature means they may either result in profit or loss, or risk factors which are pure risks means they may cause some loss or no loss.

Before starting a business venture it's very important to analyse all the risks involved. the money invested in any businss may cause a fortune or a disaster basis the amount of risk involved.

Here comes the role of risk management.. Every business venture must be analysed with the cost and the risks involved before it is given a start.

A business venture can survive and grow only if it is analysed properly beforehand. The business before starting should be accessed with the amount it requires and the risks associated with that...Then only it will be a success.