Optimism is the impetus that drives entrepreneurs. So it’s no surprise that most small business owners like to take risks. Risk is the likelihood of an adverse event occurring and its consequences for the survival of the business. However, taking too many risks can be costly. It is important for small business owners who want to grow to know the main risks they face in order to be well prepared.
We present the risks that threaten businesses today.
Covid-19 Induced Risk
The coronavirus pandemic is still taking the world by storm even in this year 2021 and its negative impact on key micro and macroeconomics variables will surely affect the purchasing power of consumer thereby affecting the turnover of organizations
Would your business be prepared if a storm hit tomorrow? Do you have a fire prevention plan in place? Does your insurance policy cover the costs of temporary …