There is no business that is risk-free, and these risks tend to impact your business negatively.
Risk controlYou’ve identified the risks, and you know the impact, the next step is risk control.
Accept the riskYou’ve acknowledged that there is a threat headed for your business, and you’ve accepted the risk.
Risk avoidanceIf you’ve identified a risk that will have a significant impact on your business, you might want to avoid it.
Risk budgetingWhichever risk strategy you choose to pursue, you’ll need funds and other resources to ensure it’s effective.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
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