BUSINESS: THE GAME OF RISKS

By: Mark Cua

Business is a game of risks. It had always been two ways you Gain by profit or you lose by Net loss. It is about the test of skill, discipline, strong will, and confidence. Because when you choose business as your path, your heart must be prepared for winds and rains, and possible challenges that can come along the way.

Nowadays there are a dozen malls constructed in Manila alone. This is still exsculsive of the malls that can be found on the provinces. Within the malls are stalls and small business who are providing food, drinks, and other items on a daily basis to consumers who come to the malls.

Based on the Business Dictionary, franchising is the purchasing of the right on using another business establishments name mostly food and beverage industries. There are so many businesses in the Philippines but not all of them have the life span of a century.

The Competition in business was really fierce and the competitors often times had the financial, and circle of connections advantage. Without any financial backup, competition will be hard and getting set up for success is longer than you expected.

  

 There are five Characteristics of Calculated risks:

1. Know what you are doing

Every cent you put in the business is as precious as an ounce of gold. Every single minute of your time in your business is important and decisive. So know what you are doing and what you want to achieve.

Stick to it and make sure you work for it to make it happen. That's the basic step on calculated knowledge.

2. Prepare the Money

In business we are talking about Capitals or money. It is hard to run a business without any basic capital involved because to do so is like digging dirt in the soil. True it is possible but you will have to dig deeper and faster to pace with the others.

So money is important on buying equipments, paying of rents, and others.

3. Have a ready heart for disaster

No one said the road will be smooth and expect trouble to arise and challenges to hinder your way to success. In this world there is no such thing as a perfect plan or a perfect thing.

Somewhere and Somehow along the way you will face them once in a while. Whatever you maybe facing in the future, you must prepare for it and set chains and steel in your heart to avoid yourself from getting too depressed.

4. Face your Fears

Sometimes many of us was too traumatize that they are paralize by the previous failure or fear itself. It hinders yourself from thinking properly and you trauma is telling you and discouraging you. Do not listen to your fears.

Net loss is just a loss of money business but it is not the end of your life. Money can be earned but remember life cannot no matter how much money you have.

So face your fears by facing it and conquer it by doing it properly the next time around. 

5. Know your Audience

Everyone can be your audience but not everyone can be your fan. Narrow down and don’t exaggerate. If your target audience is too broad you will just get burned and achieve nothing.

In business, you cannot be too greedy. Be contented with one first. If succeeded on reaching go on the next.

  

For more information and other news articles you can keep on reading the articles in www.thenewyouthpress.blogspot.com.