13 Jan Risk Management
Tough terrains are very risky environments and so this concept of risk is quite central to the concept of the Junglepreneur surviving and thriving. Risks are those set of opportunities for which you cannot guaranty the outcome. Since outcomes cannot be guaranteed, the Junglepreneur must learn to identify different kinds of terrain risks like political, financial or environmental and make plans to manage them. Risk management concerns your selection of the kind and amount of risks that are acceptable for you to handle. Risk management can be also described as the actions which are carried out to avoid uncertainty and which allows you to identify, assess and manage risks.