What are the risk factors when promoting a new business?

 What are the risk factors when promoting a new business?

Market uncertainty: When entering a new market or launching a new product, competitors or market volatility can make it difficult to predict.

Technical risks: When introducing or developing new technologies, there are technical problems or potential failures.

Financial risk: When pursuing a new business, financing can be difficult, and return on investment may fall, or you may not be able to make a profit contrary to expectations.

Lack of manpower: When pursuing a new business, there may be inadequate or insufficient staffing.

Political risks: political changes at home and abroad, or legal sanctions, may make it difficult to pursue a business.

Environmental hazards: Natural disasters, large enterprise intrusions, etc. can affect your business.

Marketing Risk: When launching a new product or opening a market, marketing strategies are likely to fail

Lack of technological competitiveness: When driving a new business, lack of technological competitiveness can lead to loss of competitive advantage.

Legal risk: When pursuing a new business, failure to comply with relevant regulations or legal disputes may arise.

Time constraints: Development and time to market may be longer than expected as you drive a new business.

Lack of infrastructure: When you drive a new business, you may lack the necessary infrastructure or be expensive to deploy.

Lack of market demand: When launching a new product or service, market demand may be lower than expected.

Since these risk factors are difficult to predict in promoting the business, sufficient investigation and analysis, and preparation of response strategies are needed.