Entrepreneur’s Risk Management Strategies
Risk is as old as man and has been an old time acquaintance of businesses. There is no approach that will make risk to go extinct in business environment however; it can be controlled to an appreciable level. As an entrepreneur, you are duty bound to reduce your risk level to the barest minimum if you can continue to make profit. To this end, better risk management strategies are good inhibitors of business failures.
No matter what the sizes are, companies must have an approach to risk management since they can be easily managed when identified. To protect a business