Today we explore business risk. The possibility of loss entrepreneurs face from financial, operational, and market challenges. We categorise specific threats such as economic downturns, compliance failures, and cyberattacks.

Crucially,we outline a four-step management process (Identify, Assess, Take Action, Monitor) and detail strategies to mitigate harm, including avoidance, diversification, prevention, and specific insurance policies to ensure survival.

Notes and insight from IOH, Podcast produced using Notebook LM AI