Julian Hudson is a young entrepreneur. He recently opened an "all ages" club aimed at teens and young adults. Given the intended customers, the club cannot sell alcohol and, to guard against drug use, Hudson arranged to have two security guards on duty each evening. After the first month of operations, the club is generating good profits, but Hudson has two concerns. First, despite the precautions he has taken, drug use seems fairly common within the club. Second, on Friday and Saturday nights, when the club is much more crowded, heat and perspiration tends to make the dance floor slick with condensation. Discuss Hudson’s situation from a risk management perspective. Explain the process of risk management and identify ways in which he might respond to his concerns.