In Business, Adapt to Risk, Do Not Avoid It – by Javnyuy Joybert

Javnyuy Joybert > Personal Development > Personal Productivity > In Business, Adapt to Risk, Do Not Avoid It – by Javnyuy Joybert

Massive Focus kill distraction

 

If you run a business, then read this. If you are planning to start, then read this. If you work for a business then read this.

 

In short, read this;

 

We live in an increasingly volatile world, where change is the only constant.

 

Businesses, too, face rapidly changing environments and associated risks that they need to adapt to or risk falling behind. These can range from supply chain issues due to shipping, flight, road blockages, to disruptions from natural catastrophes like floods.

 

Few days back, I heard a restaurant owner complaining that she was not able to cook a particular dish for her customers because roads were blocked in the North West Region of Cameroon.

 

As countries, cities and companies continue to grapple with the effects of the covid19 pandemic, civil crisis etc, it is the responsibility of the Entrepreneurs and Executives to uncover potential risks and design plan B.

 

Business risks we should anticipate with Solution mentality;

– Supply chain interruption

– Pandemic outbreak like covid19, Ebola, cholera etc

– Post election crisis

– Internal civil crisis

– Extremist crisis like Bokoharam

– Regulation changes from various government ministries

– Fire explosion etc

 

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I will stretch you for the future of business.

Enroll for our Mini-MBA online program where for a period of 3 months, you will gain insights into incredible business elements and how to implement them to enhance business success. To register join the admission center for details.

Link here https://chat.whatsapp.com/GvP4RmpDfnB37M2x4n1v27 or Whatsapp 674949153

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There’s no such thing as risk free life or risk free Business. That’s why, risk management is a core business skill for any serious executive.

 

Someone will ask me. “Mr Joybert, please recommend to me risk free Business or investment” That is a myth! There is nothing like ‘risk-free’ business or investment. Every business has element of risk. Some may be high while some may be low. The higher the risk, the higher the likely return.

 

Hear this, many people may not tell you this because they want to pamper you or motivate you. There are no guarantees in business and Entrepreneurship, and no matter how good your idea is or how hard you work at it, there’s still risk. You must anticipate and manage. Going to school is risk…no one can guarantee you will get a job after school.

 

Cheers

 

Javnyuy Joybert

Mr Remarkable

www.javnyuyjoybert.com