Challenges are omnipresent and so are risks.justify wih a suitable example
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challenge is a risk but a way to development..it's like stairs or levels of development....after crossing one there is another waiting ..
anurag42077:
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Challenges are unavoidable.
Here let us understand it from the perspective of establishing an industry.
Irrespective of the kind of industry you choose to start, there will be challenges and risks.
For example, if you are coming up with an industry that manufactures cotton clothes, then the challenges would involve setting up the industry, arranging the funds, labour, employees etc.
When it comes to risks then you will have to be ready to face the fact that the business might grow or it may not be able to show the growth as expected.
The risk of making the business a success is also a challenge.
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