Risks to your business

The-Fiji-Times

Fiji Times Monday 04 September 2017  A series of short practical articles on running successful and profitable small to medium size businesses.

Today we focus on fire and disease – the risks to our business. Imagine your business as a tree

All businesses have to prepare for risks — trees can be damaged or destroyed by fire or disease or weather related disasters. So too can our businesses. For SMEs in the Pacific the common risks include weather-related disasters; loss of key staff; reliance on one customer (all our eggs in one basket); loss of key information to our competitors; poor or inadequate planning; complacency and procrastination, accidents, fire, outage of critical utilities (such as power and telecommunications), fire, transport accidents and health issues.  Read more…