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When starting out a new business we immediately think of the obvious. We focus on issues such as where we source our product, the cost of acquisition, do we need to rent premises, if we need staff how will we cover payroll and so forth.
Well down on the list, if at all, some thought might be given as to how we can protect ourselves from unforeseen circumstances.
Considering all the things that could harm your ability to manage the business effectively, is referred to as Risk Management…