How to Manage Risk in Your Business
Play episode · 27 min

We can’t control everything that happens to us in our business. There are things that will happen from an internal perspective and things from a greater outside Macro perspective that are just going to happen no matter what.

We can, however, with proper planning and strategy reduce the risk of things happening in our business and lives and minimise the severity of the impact when and if they do.

In this episode, we discuss how to manage risk in your business.

  • We discuss a practical approach and strategy you can implement to
  • Fully understand the types of risks your business is exposed to.
  • How to quantify the impact of one of those risk events happening in your business.
  • How to prioritise systems and procedures to mitigate the effects of a risk event happening in your business.
  • What happens if you don’t implement a risk management plan in your business no matter how big or small your business may be.
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