can you write some discussion?

I think that dedicating time to the risk my business faces is essential in order to take the steps necessary to avoid, transfer, reduce, and retain. Although ignoring risks saves time in the present and makes it so we do not have to deal with that stressor in the present when something goes wrong it will result in much more damage and stress. Although not all risks can be avoided I think it is wise to make take steps to make it as least likely as possible and be covered by insurance in case anything were to ever happen. I think that many companies avoid performing risk assessments because they just do not have the time to sit down and think through it, they do not see the risk, or perhaps they do not want to implement procedures to reduce risk because it will ''waste time'' or cost them more money. In the end no matter what time or money it costs it is important that business owners take the time to at least address these risks and see what is within their means to reduce these and make a safe workplace that will be protected in case anything were to occur.

One area where entrepreneurs fall short is performing risk assessments on their future businesses. It is critical to recognize areas of exposure and in turn establish contingency plans in case they arise. Performing a risk assessment is a three stage process

Potential Risks Likelihood of risk happening Financial impact to your business If you find any risk with high/high probabilities contingency plans should be evaluated. Most companies I have consulted have at least three high/high level risks. There are six considerations when looking at risk. Assume Avoid Transfer Reduce Exploit Ignore Please review the following article Risk Review As you look at risk, what do you think you should consider for your business plan? Moreover, why do you think so many businesses do not perform risk assessments

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