Wednesday, October 24, 2018

Risk Management

October 24, 2018 - Managing risk is an ongoing process. You can't assume a "once-and-done” attitude toward this important activity or you might find yourself in trouble. So, even if you have a risk management policy, you might want to take a look at this week's articles to see if and how it can be improved.

Risk management is a form of insurance in itself, and in today's economic environment, it's an imperative step for sustainable success. (Item #1)   If and when the risk becomes reality, a well-prepared business can moderate the risk's impact. (Item #2)   Proper risk management will reduce not only the likelihood of an event occurring, but also the magnitude of its impact. (Item #3)

Business risk management isn't just a nice-to-have --- it's an invaluable tool for protecting your company and investments, according to this business owner. (Item #4)   Take these steps to put an initial risk management plan into place at your small business. (Item #5)   Conducting a company risk assessment can allow an organization to obtain a holistic view of the risks it faces, allowing management to identify these risks and capitalize on opportunities. (Item #6)

For the full issue, click here.

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