Every business in every industry assumes a certain level of risk. Furthermore, every business’ fate depends on several internal and external factors and the operators ability to manage their risk and adapt to the future. In any industry, the companies that succeed are those that can identify trends – be them positive or negative – and those that can adjust appropriately to benefit from these trends.
The Riskiest Industries
Although there are clearly many successful business in each of the industries listed below, the factors contributing their high risk are expected to keep the industry in decline over the next five years. The risk scores referenced are on a scale of one to nine, where one represents the lowest risk and nine represents the highest risk (figures provided by IbisWorld).