Episode Details

Business and life can go hand in hand at times. Risk is defined as the degree of probability of such loss. What could this loss be? For example, business owners care about profit loss (how much your business has spent and earned over a specific time). For profit businesses stay in business because they do what? They make enough money to stay in business. No matter what business you are in, you will have to take risks to survive. They are considered risks because no one knows the outcome of said decisions, so some form of risk has to be taken and accepted by the business owner(s). Listen in to see what forms of risk we have deemed acceptable on our end.