No Risk No Gain – But How To Calculate Risk?
Nothing is constant in our life . In every moments, we are silent witness of changing our lives . We work hard and straggling for the better lives. Many people are doing business but most of them are not a big business man. A small business man would be a business magnet is if he take some step. But before taking that step he must have to calculated of its risk factor and gain. Risk could result in huge damage or injury or loss or his liability, in a word trends him as failure. On the other hand if he gain he would be a successful business man. So “Risk-taking is a necessary journey to success, but it has to be measured, planned and well executed."
No Risk No Gain is not a proverb. it is a theory by an Economist John Maynard Keynes. It also says "More the risk you take more the profit you make".
How to take calculated risk?
A smart capitalist never goes into any project without a proper plan. Here are three necessary steps to make sure that you don’t crash :
- Evaluate a Situation - You need to realize the nature of the agreement before taking the plunge. Find out what is the mandatory for success or gain.
- Set a Limit - Always set a upper limit amount that your business deal could not you damage in case of failure.
. - Experiment and study – You can do some possible experiment and huge study about that deal.
