Strategically diversify & minimize risk
Businesses face many risks on a daily basis, from the possibility of theft to the threat of lawsuits. Risk management is the process of identifying, assessing, and controlling these risks. By taking proactive steps to address risks, businesses can protect themselves from potentially devastating losses. In some cases, risk management may involve changing business practices to reduce the likelihood of an incident occurring.
By managing risks effectively, businesses can create a safer workplace and minimize the potential for financial losses.