A Helpful Guide to Risk Assessment & Management

The continued success and survival of your small business depends on many factors, some within your control and some beyond it. How you recognize and manage risk is one key factor you can control, even though the risks themselves contain elements that are inherently uncontrollable.

In a recent article, venture capitalist Akira Hirai posits that poor risk management is responsible for killing start-ups, and provides a helpful overview of risk management along with tips and tools designed to help business owners avoid that fate.

The article provides a risk management framework, and provides suggestions that business owners can use to weigh risks and rewards and to focus on addressing those areas of risk that are what he calls “company killers”—risks with a high likelihood of occurrence and a high negative impact.

Read “What Kills Start-Ups” now.