Risk management helps you to identify and address the risks facing your business and in doing so increase the likelihood of successfully achieving your businesses objectives. A risk management process involves: methodically identifying the risks surrounding your business activities.
Here are seven types of business risk you may want to address in your company.
Economic Risk. The economy is constantly changing as the markets fluctuate. ...
Compliance Risk. ...
Security and Fraud Risk. ...
Financial Risk. ...
Reputation Risk. ...
Operational Risk. ...
Competition (or Comfort) Risk
Types of Risk Management
Longevity Risk.
Inflation Risk.
Sequence of Returns Risk.
Interest Rate Risk.
Liquidity Risk.
Market Risk.
Opportunity Risk.
Tax Risk.
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https://m.infoentrepreneurs.org/en/guides/manage-risk/#:~:text=Risk%20management%20helps%20you%20to,risks%20surrounding%20your%20business%20activities