Managing Business Risks

Identifying and managing business risks is an integral component of building a successful small business.

It would be impossible to remove risk from all situations but you can take steps to remove or reduce your business risk.

The process for minimising business risk involves:

  • Identifying risks
  • What risks can we avoid?
  • How can we minimise risks?
  • Are we able to transfer risks?
  • How do we manage or retain risks?

To minimise business risk, as a small business owner, you need to implement effective risk management strategies into your business.

Let’s discuss how we can help you reduce and manage your business risks. Patrick Rowan & Associates can help you undertake a SWOT analysis as part of your business planning process. A SWOT identifies the Strengths, Weaknesses, Opportunities and Treats facing your business.