STRATEGIES USED TO REDUCE RISK IN BUSINESS

Juraev Lazizbek

Authors

Juraev Lazizbek student at the Graduate School of Business and Entrepreneurship under the Cabinet of Ministers of the Republic of Uzbekistan

Keywords:

entrepreneurs, risks in business, diversification, insurance, business risk, risk reduction, strategies, risk distribution (outsourcing), futures and hedging, alternative solutions.

Abstract

Every entrepreneurial activity begins with the creation of a business plan and risk calculation. Business risk is the risk of losses and loss of income as a result of certain management decisions related to financial and economic activities. When starting a business, the manager tries to “catch” the balance between profit and loss reduction. To achieve a positive economic result, he must consciously make a risky decision. This article focuses on examining business risks to withstand negative impacts in the future. An algorithm to reduce some types of risks is also proposed.

References

Law on amendments and additions to the Law “On Guarantees of Freedom of Entrepreneurial Activity” of the Republic of Uzbekistan. 2012 May 2nd. Lexi. UZ

U. Umurzakov, A. Toshboev Small business and entrepreneurship T.: The generation of the new century 2012.

Egamberdiev E. Khojakulov Kh. Small business and entrepreneurship. Study guide.-T.: Economics, 2003, 96 p.