Risk Management for Small Business
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Risk Management for Small Business

Half a life-time ago, I received my first instructions in risk management in the Navy checking the operational viability of VERY large explosive devices that one could “neither confirm nor deny” existed onboard the various vessels in which I served; very scary stuff. If a worst-case scenario ever presented itself and we were forced to use those devices, the environment would have been altered for a thousand years. Fortunately, we all performed our duties very well and were never called upon to ‘release’ those weapons.

 

Following Naval service and more recently… As I entered each organization where I was employed, I discovered that not one of them had a risk management plan in place; Very scary stuff. If a worst-case scenario ever presented itself it could have resulted is utter disaster for the company.  Fortunately, I was able to create the required risk management plan for each organization, both public and private, for profit and not-for-profit, and everyone in the organization performed their duties very well - and we were never called upon to activate the Plan.

 

If the preceding paragraphs sound strangely similar it’s because they are. Risk Management is not about a single industry, a specific organization or dependent upon the number of employees or the size of the annual budget – it’s about a process. It makes no difference whether you are selling men’s ties from a kiosk on 5th Avenue in NYC or selling aircraft carriers to the Pentagon. It’s about a process. The risks and potential negative outcomes for each of these scenarios are vastly different – or are they, really; it’s also relative, depending upon who is risking what.

Risk Management for Small Business represents fifteen years of experience dealing with Risk Management in the private sector, preceded by twenty years of ‘risk management’ in the service of our country. This study is aimed at the owner of the traditional small business who most likely does not have the staff or resources to devote to an entire department that addresses the issues of risk management to the exclusion of everything else. Depending on the organization of the company, you may or may not have a Board of Advisors or Directors. Regardless, we hope you find Risk Management for Small Business useful as you consider the numerous disasters that may come between you and success. 

Look at the "Sample Pages" then download the pdf document from the "BUY NOW" page;  Distribute as many copies as you need to your employees.
 

Press F5 on your keyboard to start the video.
 
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