Identifying and managing risk

Starting and running a business comes with exciting opportunities, but it’s essential to also identify and manage the risks involved. Risk can emerge from various sources, and being prepared will help you navigate challenges effectively.

On completion of this video, you should be able to:

• Understand the various categories of risk to your business
• Rate these risks for their likelihood of occurring and impact on your operations
• Create a robust risk management plan tailored to your business needs.

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