why does a business man willingly undertake business risk?
No risk, no gain is an age-oldprinciple which applies to all types ofbusiness. Greater the risk involved ina business, higher is the chance ofprofit. An entrepreneur undertakesrisks under the expectation of higherprofit. Profit is thus the reward forrisk taking. i think u will find this helpful
Businessmen willing take risk because they are well aware that without risk there is no gain in business. However, the risk has to be taken after considering all aspects and pitfalls if any so that even if there is any possibility of loss, the same can be kept to the minimum. The reason for such loss has to be ascertained so that the same can be overcome in the next venture.
When you take risk the result for it is profit . Therefore this is one of the main reasons there r other reasons risk is followed by inovatiuon which is followed by fame and loads of gain. unless you go ahead and try you will not know what lies ahead of risk. If there is a new thing in market if you take risk and go ahead if it is useful it makes you a winner .When you take a risk sometimes it might be wrong but you know that next tme you shouldnot do something like that which helps you to get no loss in future.