State two possible risks Onanda may face and suggest one way of dealing with each risk.

Here are two possible risks Chanda may face and a way of dealing with each:

1. Risk: Insufficient capital or low sales. Chanda might run out of money before the business becomes profitable, or her sales might not meet expectations.

   • Way of dealing with it: Chanda should prepare a detailed financial forecast and budget to estimate her startup costs and operating expenses. She should also have a contingency fund or explore multiple funding options (e.g., personal savings, small loan, grants) to ensure she has enough capital to sustain the business during its initial phase. Additionally, she needs a strong marketing strategy to attract customers and generate sales.

2. Risk: Strong competition or lack of demand. Other businesses might offer similar products or services, making it hard for Chanda to attract customers, or there might not be enough demand for what she offers.

   • Way of dealing with it: Chanda should conduct thorough market research to understand her target customers' needs and analyze her competitors. She can then differentiate her business by offering a unique selling proposition, superior customer service, a niche product, or competitive pricing to stand out in the market and attract her ideal customers.