📌 Risk management

In our day to day lives we realize that risk is necessary . Most of the time it feels like flipping a coin, I read somewhere that people like Steve Jobs flipped the coin and it happened to land on the right side.

If it's put like that, it feels more like luck, is it?

Let's take for example, in mwenda's county there's going to be a very big leadership conference, mwenda has never ventured into any sort of business but he thinks this is the opportunity to look into the Airbnb field, so he decides to invest in it.

I'd like us to look into the possible outcomes of this venture in the long run.

What happens after the conference?

What if they charge the county hosting in the last minute?

Why do you think it might succeed or fail?

N/B: Of course we commend him for his fast thinking, ability to seize the opportunity without second guessing himself and stepping out of his comfort zone to try something new.

Is he on the right track ama ako jaba?