Find Out The Risk & How To Manage The Risk OF Company Business Easily?

Type Of Risk & How to manage them?

1. Assets - risk to buildings, assets e.g. fire, flooding

Ensure assets

Compliance with fireplace & building rules

Early warning systems e.g. smoke alarms, sprinklers.

2. Bad debt

Set credit limits

Credit checks

Set payment terms for suppliers

Use debt assortment agency

3. The bankruptcy of suppliers or purchasers

Check monetary background

Use Company Business intelligence agencies

intelligence agencies Early warning indicators e.g. late payment

Avoid single supply dependence

Good record keeping

4. Brand fatigue

Use Analytics to live engagement.

Provide personalized helpful insights

Less could also be a lot of

Create artistic, fun content

5. Business strategy - poor or changing into less effective

Have a transparent vision

Set clear goals and objectives

Regularly review strategy against market conditions

6. Cashflow

Improve cash flow management In Company Business.

Review prices and inventory

Accountancy computer code use/replacement

Careful use of long and short term funding

7. Consumer attrition

Use client Success Managers

Engage throughout the client lifecycle

Sell to the correct customers

Provide price

Monitor trigger events e.g modification of ownership/Senior management team

8. Competition: aggressive selling

Gather intelligence and assess risk

Deploy a defensive strategy

Flip the negative messages e.g. if contestant says your Company Business is just too tiny, push your legerity and talent to target your customers

is just too tiny, push your legerity and talent to target your customers Use business analysis and informatory firm like Gartner & Forrester, to scan for competitive risk

9. Competition: higher intelligence

Invest in intelligence tools e.g. social media observation

Improve competitive analysis

Outsource to or have interaction consultants e.g. grand total

10. Competition: proceedings

Reduce written agreement disputes in Company Business with contract recommendation and normal terms and conditions

with contract recommendation and normal terms and conditions Train staff on legislation e.g. around harassment, graft, etc

Insure against the chance of proceedings

Have in-house counsel or retain a legal firm

All businesses face risks around strategy, profits, compliance, setting, health & safety and then on. Risk is just uncertainty the outcome of whether or not positive/negative PRINCE2, p239. Business Risk uncertainty around strategy, profits, compliance, setting, health & safety and then on. stakeholdermap.com,Risks with include Market approval, Time-to-market, inappropriate product match, Difficult-to-sell.