Business Risk Management
Risk management is an important part of any business and especially for new businesses starting out. How risky a business is to start depends on many factors including the economy, location, target market, etc. A business that may have been great to start last year might be a disaster to start now.
When starting a new business, carrying out a risk assessment is vital, but often overlooked, and it is usually the businesses that do not analyse the risk that end up failing.
- What risk factors should people think about before starting a business?
- What would have been a low risk business to start two years ago?
- What would be a low risk business to start today?
- What type of business would be very risky to start today?