No matter what kind of business you run, you need to know How to manage your Business Risk.
Running your business will always have some inherent risk involved. There’s no way to completely eliminate the risk, but by understanding and managing it, you can minimise its impact on your bottom line.
In this video I look at the following
- Firstly, understanding what risk is
- Secondly, looking at risk categories
- Thirdly, how you identify risk
- Lastly, ways to manage your risk
Conclusion to How to manage your Business Risk
Knowing How to manage your Business Risk is a critical part of being a successful business. While you can never completely eliminate the risk, by understanding and managing it, you can minimise its impact on your bottom line. In this week’s I Hate Numbers video, we looked at what risk is, the different categories of risk, how to identify risk in your business, and ways to manage it. Stay tuned for more helpful tips from me and subscribe to my channel so you don’t miss out!
Furthermore my book I Hate Numbers will change your life, by changing your relationship with numbers.
If you want more information or if you have any questions, please be sure to subscribe to my channel so you don’t miss an episode. And until next time, remember that you are in control of your finances and your future. Thank you for watching.
If you want your numbers to be more accessible and easier, then grab a copy of my book I Hate Numbers. According to one reviewer “This is the best, most straightforward, pragmatic and enjoyable book I’ve ever read on finance for business. It’s a must-read for all entrepreneurs. Your clarity, humour, wisdom and great advice shine through as you make numbers accessible and easy for everyone.”
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