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Posted: Wed 0:10, 30 Oct 2013 Post subject: abercrombie pas cher Risk Management - How To Miti |
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Many risks affect your business. Every business owner knows there are risks such as single source suppliers, key customers, even Mother Nature that could at any moment bring your business to its knees. However there is one risk that's so critical, so important to understand that it often goes undocumented and untreated. Should this risk ever come to fruition it could bring your entire business down overnight. This risk is so obvious that some businesses even contain [url=http://www.diecastlinks.co.uk]hollister uk[/url] this risk in [url=http://www.agentparadise.com]woolrich sito ufficiale[/url] their name. This risk is you!
Mitigating your biggest Risk.
While you might be a healthy person and totally dedicated to your business there are no guarantees in life. The very essence [url=http://www.teatrodeoro.com/hollisterde.php]hollister[/url] of risk management is identification, documentation and [url=http://www.marrakech-hotel.fr]hollister france[/url] treatment for every known business risk, but how can you create a treatment plan for something as critical and as important as "you"?
What would happen if?
What would happen to your business if a key employee left? Simple there would be a period of pain [url=http://www.gotprintsigns.com/abercrombiepascher/]abercrombie soldes[/url] and you would rehire. What would happen if your sole supplier suddenly went out of business? You'd refer to your risk plan and seek another supplier. What would happen if lightening took out your data server? Simple you would revert to a back up, purchase new kit and move on.
What would happen to your business if you got sick, or even wanted to take a holiday? Who would replace you? Who would know what to do? Would your business continue?
Identifying what you do.
Identifying what you do in your business is a difficult task. First, there is the argument that only you can do what you do. Second, there is the time it takes to understand and capture your tasks. Third, there is a mystic that some people simply don't want others to know what goes on in the inner core of their business. There is however, a great reward [url=http://www.davidhabchy.com]barbour sale[/url] for going through this exercise.
Worth the effort.
While some competitive intellectual property should [url=http://www.riad-marrakesh.fr]abercrombie pas cher[/url] remain secret, the tasks you perform daily to keep the [url=http://www.rtnagel.com/airjordan.php]nike air jordan pas cher[/url] business running must be identified if you wish to mitigate [url=http://www.agentparadise.com]woolrich outlet[/url] your biggest risk. It takes time and effort to look at what you do in detail and document it. However, this exercise alone could save your business. How?
Process can set you free.
By identifying and documenting what you do, you are creating a process. With effort this process could be refined, optimised and most importantly made repeatable. But that's not [url=http://www.sidegemeinde.com/peutereyoutlet.php]peuterey outlet[/url] the best bit! When you have a repeatable process you have an incredible new option open to you. Someone other than you can learn, and eventually do what you do. This means you don't have to.
Why repeatable process is key.
There are two critically important things about business process freedom and control.
Freedom.
Business processes give you the personal freedom to take holidays without worry, work on other projects, and even start other business. Those who understand this even work [url=http://www.jeremyparendt.com/Barbour-Paris.php]barbour pas cher soldes[/url] out how to franchise their business, why have one business making money when you can have 2, or 3.
Control.
Process gives a business something incredibly powerful, control. A set of activities when organised into a process can be measured and improved. The discipline of "process improvement" is the reason big companies got that way.
Process creates a way to scale, a way to improve and a way to optimise. I believe every business needs robust processes, or it's at significant and serious risk.
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