How to prepare your business for the unexpected
Running your own business can be both stressful and exciting. By considering potential risks or events before they happen and having a risk management plan in place, you can save money and protect your business’s future.
“Business as usual” could be affected by an unexpected event such as a natural disaster, theft or even injury to staff, customers or visitors to your premises. If you are not sufficiently prepared for these events, it could cost you dearly or even cause your business to shut down.
Risk mitigation basically means that you are prepared for the unexpected as far as possible and that you minimise risks and extra costs as far as possible. A business or organisation should make a realistic evaluation of possible risks and their severity – and plan accordingly.
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by The Small Business Site – http://www.thesmallbusinesssite.co.za/2018/11/22/prepare-business-unexpected/
