Business Risks:
Business risks refer to the possibilities of inadequate profits or even losses due to uncertainties. These uncertainties can arise from various internal and external factors that may impact the operations, financial stability, and profitability of a business.

Internal Factors:
Internal factors are those that originate within the organization itself. These factors can include:

1. Management Risks: Inefficient or ineffective management practices can lead to poor decision-making, lack of strategic planning, and inadequate resource allocation.

2. Operational Risks: Issues related to production, distribution, supply chain management, quality control, or technological failures can affect the smooth functioning of the business.

3. Financial Risks: Poor financial management, inadequate capital structure, excessive debt, or lack of access to funding sources can create financial risks for the business.

4. Human Resources Risks: Problems related to employee turnover, labor disputes, skill shortages, or lack of employee motivation and engagement can impact the overall performance of the business.

External Factors:
External factors are those that are beyond the control of the organization. These factors can include:

1. Economic Risks: Changes in economic conditions, such as recessions, inflation, exchange rates, or interest rates, can significantly impact the demand for goods and services, consumer spending, and overall business performance.

2. Market Risks: Increased competition, changes in consumer preferences, shifting market dynamics, or disruptive technologies can pose risks to the business's market position, sales, and profitability.

3. Legal and Regulatory Risks: Changes in laws, regulations, or government policies can impose compliance costs, restrict business operations, or lead to legal disputes, penalties, or fines.

4. Environmental and Social Risks: Increasing awareness and concerns about environmental sustainability, social responsibility, and ethical practices can impact the reputation and brand value of the business.

Conclusion:
Business risks are inherent in any business venture and need to be carefully analyzed, managed, and mitigated. Understanding the various internal and external factors that contribute to these risks is crucial for developing effective risk management strategies. By addressing and minimizing these uncertainties, businesses can enhance their chances of achieving sustainable profitability and long-term success.

Business risk is the uncertainty of profit due to various seen and unforseen causes when there is inadequate profit or even losses its because of some such causes which itself is business risk