Possibility of damage, injury or loss.

Risks all businesses face like competition, price, changes, and style.

Cost money and may cause a business to fail. It is bad events.

The uncertainty of a gain or loss.

Uncertainty of of an unpredictable event that will result in loss. It is always a loss like natural events or death.

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Entrepreneurial Risk

Term	Definition
Risk	Possibility of damage, injury or loss.
Markets	Risks all businesses face like competition, price, changes, and style.
Accidents	Cost money and may cause a business to fail. It is bad events.
Speculative Risk	The uncertainty of a gain or loss.
Pure Risk	Uncertainty of of an unpredictable event that will result in loss. It is always a loss like natural events or death.