Risks of Going into the Compumatrix Business
Previously, I have written the rewards of going into business with Compumatrix. Unfortunately, not every story will have a happy ending. There are always risks involved in any enterprise. Your success all comes down to your ability to face these risks and overcome the challenges it entails.
Possibility of failure
There is always the possibility of failure – a single wrong business decision can bring your business to bankruptcy.
Unpredictable business conditions
As you begin your Compumatrix business, your small business is vulnerable to sudden changes in the business environment. In a fast-paced industry, a small firm may not have the financial capability or the organizational capacity to respond adequately to new opportunities and their concomitant problems.
Long hours of work
A prospective entrepreneur must be ready to spend most if not all his waking hours in the business. Also, family time and personal affairs may be sacrificed.
Unwanted or Unexpected Responsibilities
The entrepreneur may eventually find himself saddled with management responsibilities he did not bargain for.