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Every small business is risky business. Many things that you worry about are predictable such as:
  • Overheads
  • Salary payment/ government taxes
  • Expected sales volume
  • Equipment and supply cost
  • The price you charge for a particular good or service
Others are unpredictable:
  • Changing trends and tastes
  • Actions from competitors
  • The state of the world and local economy
  Performing risk analysis is crucial to any business even if the business is small. Fire and theft can seriously cripple operations. As a result, it can create negative publicity for the company and the company may incur large liability costs in the form of medical payment. As the famous adage goes: "Prevention is better than cure". Be aware of the risks in your business and make the effort to protect your business today!



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