Risk management

    Managing risks is important for an entrepreneur to assess whether the risk is worth taking for the reward. 
    To manage risk, we first need to understand that risk is an opportunity. Risk and opportunity are always linked together. Preliminary research will usually understand the risks and opportunity of the industry. (Krach K.,2023)
    Next, trust the process. Every decision made by a business leader will always carry some form of risk
which can offer a valuable experience. (Krach K.,2023)
    Finally, avoid complacency. We shouldn't trust business that present themselves as risk-free. We need to find a balance between organic growth and reckless expansion. (Krach K.,2023)
    In conclusion, risks are inevitable in businesses and we should take risks that are acceptable to succeed.

References
1. Krach K. (2023,Mar 23). Ways entrepreneur can manage risks. https://www.forbes.com/sites/keithkrach/2023/03/24/4-ways-entrepreneurs-can-manage-risk/?sh=7150bab11751

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