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How to Identify Risks to Your Business

January 20th, 2016

Almost every day, a crisis hits our nation, our businesses, our lives.

By understanding potential risks to your business and finding ways to minimize their impacts, you will help your business recover quickly if an incident occurs.

The types of risk vary from business to business, but preparing a risk management plan involves a common process. Your risk management plan should detail your strategy for dealing with risks specific to your business.

The following steps will help you get started with drafting your risk management plan.

• Think about your critical business activities, including your key services, resources and staff, and things that could affect them, such as power failures, staff changes and illness.

• Assessing your business will help you work out which aspects you couldn’t operate without.

• Ask yourself: when, where, why and how are risks likely to happen in your business? Are the risks internal or external? Who might be involved or affected if an incident happens?

• Ask yourself what if: You lost power supply? You had no access to the internet? Key documents were destroyed? Your premises were damaged or you were unable to access it? One of your best staff members or CEO quit? Your suppliers went out of business? The area your business is in suffered from a natural disaster? The services you need, such as roads and communications, were closed?

Are you prepared if a crisis strikes?

If you’re not sure, we can  help you create a crisis plan for your company.

Contact us today to find out how our crisis management training can help you be ready to save your company’s reputation!

crisisteam @


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