A business is as complex as a machine, with multiple moving parts and logical principles that keep it in motion. However, no machine is going to function for long without risk mitigation systems. A car without strong suspension is going to be at mercy of uneven roads, and a fire suppression system is nothing without multiple inputs from detecting mechanisms. As such, a business hoping to make headway in a newer industry needs to be the most risk-managed of all. That’s because not only do you have to contend with the very many risks of usual business operation, but also plan against those that aren’t visible yet. In this post, we’ll explore some basic principles and systems to put in place, guiding you through that process.

Read More