On BU$I₦£$$ DIG£$T this morning, January 12, 2022
INVESTING IN 2022 Part-2
Investing can have large potential rewards, but it can also have large potential risks.
You must be aware of the risks and be willing to accept them in order to invest in financial instruments such as; stocks, shares, commercial papers, real estate, bonds and entrepreneurship.
Risk mitigation handling options include:
Acknowledge the existence of a particular risk, and make a deliberate decision to accept it without engaging in special efforts to control it. Approval of project or program leaders is required.
Adjust program requirements or constraints to eliminate or reduce the risk. This adjustment could be accommodated by a change in funding, schedule, or technical requirements.
Implement actions to minimize the impact or likelihood of the risk.
Reassign organizational accountability, responsibility, and authority to another stakeholder willing to accept the risk.
Monitor the environment for changes that affect the nature and/or the impact of the risk.
Each of these options requires developing a plan that is implemented and monitored for effectiveness.
_If you learnt anything from this, kindly share with someone out there._
_*Dr. Emmanuel Idenyi Shaibu*_
_animn, ace, f.hcd, f.dss, m.frcn, fimc, cmc, cms, FAiPA, DPA, ACCrFE_
The Millennium Entrepreneur!