What is Risk?

Risk is defined as the "effect of uncertainty on objectives" (ISO 31000:2009).

There are five categories of risk that small business and not-for-profit organisations must manage:

• Strategic risks - including protection of intellectual property, loss of major accounts or funding, new business opportunities
  
• Compliance - complying with legislative and contractual requirements
  
• Financial - including managing bad debts
  
• Operational - including security, asset management (including loss prevention, theft, fire), staff management, and operational processes
  
• Environmental - such as natural disasters.
  

We will assist you to manage risks through developing a risk management plan for your organisation.

Contact us today to learn how we can help you manage your business risks.