Running a business can be a dangerous occupation with many different types of risk. Some of these potential hazards can destroy a business, while others can cause serious damage that can be costly and time consuming to repair. Despite the risks implicit in doing business, managers – no matter the size of the business, from small to corporate giants - can prepare for them ,if they know ,what they are.
If and when risk becomes reality, a well-prepared business can moderate the risk's impact. Rupee losses, lost time and productivity and the negative impact on customers can all be minimized.