When to let go and when to hang on In business.

[Mimi]

A business is not easy to start,not easy to maintain and not all obstacles or risk has a solution and I'm business you should know when the risk is worth solving and which risk is not and how to make a misfortune into another type of fortune,Although this also depends on the type of business you are involved In ,let's take an example with Agribusiness and poultry to be precise, here in the northern part of Nigeria there is a type of roasted chicken we call suya,if u have a poultry farm and it is well known to be associated with natural risk where if or when a single bird or chicken has a disease and it is not noticed and treated fast it actively spreads to the others which is very disastrous to the owner but realizing that some has already caught the disease it is advisable that those ones should be quarantined  and treated while looking out for other birds that might be affected.
In this situation it is well known that it can be helped but in a situation whereby the disease is the one that makes them become still growth no matter what they eat it is advisable that they are slautered and turned into suya so that atleast even if it's not all your money you get back ,u can atleast get some back and it wouldn't be a total loss. Thank you.

[Bodhi2021]

Thanks for the advice, but in all the general terms of businesses there are risk in any business but all depends on the amounts you have invested because the more the capital the more the risk also the less the capital invested in business the lower the risk attached to it, so it works in pari-passu. Therefore we should always go for the lower risk especially if that’s your first time in such business then later run you can decide to invest more and increase your capital so that you can earn more. So what am trying to say is that do the right thing at the right time and at the right place that’s for a business personnel.

[fortunecrypto]

There are so many risks in the food business and your story is just one example, when starting in a food business you should have an insight and a good calculation of your profit and losses so you will know how to take action, when to let go and when to hang on this applies to all business, you're not a good businessman if you have no short term and long term plans.