Risk Matrix
Transcript: Risks Involved in Investing Business Investing is putting your money into stocks or real-estate in anticipation of getting it back one day with a profit on top These can Include: Decreasing stock or bond Prices Real estate value going down. If you sell at these times, you can risk losing money... and lots of it! Before making hasty decisions, I would recommend talking to a seasoned business owner, or investor. If in Business; Keeping your overhead low is essential You Must Evaluate whether your suppliers are reliable As a business owner there is pressure to ensure the work is done right and products are delivered on time, the benefit of this, is you have returning customers. Personal Risk in Business and Investing Risks Involved in Business My Brother and I have had a business in the summer called "FSJBoys Racing 365," where we buy and sell dirtbikes. I have pretty much taken a risk on every Bike that I've boughten, not knowing the condition of internal motor components, and how much money, effort and work it would actually take. What I have found is the appearance of the outside can fool you. We have had bikes that needed full motor rebuilds, which took a lot more money than we expected (Risk) but we have also had bikes that "What you see is what you get" and have profited and seen the rewards from these. Risks can include; *Increasing Overhead Prices *A supplier that does not have the capacity to deliver on a contract. *Machinery or equipment breakdowns, causing delays. *Poor workmanship of employees, causing quality issues *The proceeding points can lead to unhappy customers, which in turn is a risk to the business Business Snowmobiling After Investments Dirtbiking Financial Outdoor Sports Mountain Biking Snowboarding What I think of when I hear the word "Risk." Before Workplace Personal Photo Great Rewards Here Workplace Risks This guy took the risk and "Ate" it! ~When it comes to workplace safety, there is no "Rewards for taking Risks." These can include: *Doing a task without proper PPE * Doing a new Job without proper training or Supervision Thanks For Listening! (If your looking for a bike come hit me up, weve got a few for sale)