Business Digest 25102022

On BU$I₦£$$ DIG£$T this morning, October 25, 2022

TAKE THE RISK

I have been inundated with several questions on what to invest in.

Be it tangible or intangible investment, I have realised many want to Invest, but they don’t want to hear about the risk involved or be a part of it.

So like yesterday’s broadcast, YOU are the problem or major issues in an Investment.

Unfortunately we haven’t been really taught and when taught we don’t take actionable steps in the direction that will be profitable at the end.

After doing a Financial Profiling Test, you must also do a Risk Appetite Test at any point in time when you want to venture into any investment.

Living life itself is associated with risk and we unknowingly live life regardless of the inherent risks, but we put some measures in place to mitigate these risks. Even with this safeguards, eventualities occur, we accept and move on.

In business and financial management it is a core matter to plan how to mitigate risk. It is not being pessimistic or not spiritual, to plan against risk for your business and finance.

It is indeed a cost element in financials that provision is made for.
It is in your best interest to make such provisions.

Business Digest….your indispensable daily business companion.

Yours-In-Entrepreneurship
Dr. Emmanuel Idenyi Shaibu
animn, ace, f.hcd, f.dss, m.frcn, fimc, cmc, cms, FAiPA, DPA, ACCrFE
The Millennium Entrepreneur!
MakingAMarkGlobally