Culture And Risk Assessment In Business Area

Culture and Risk Assessment in Business Area

As we know the risks are part of any business area, and this could be understood as the uncertainty that occurs during what is the achievement of an objective, in a nutshell are the events, circumstances or simply adverse events that prevent what it isThe normal development of a company’s activities.

In Honduras there have been many risks for what small businesses are, as an example of this we can see that risks in terms of safety, clearly risks in exchange for government policies have increased, have difficult access as soon asTo a bank loan, risks of falling into bankrupt, debts, fires, natural disasters among many others.

I consider that implementing action or mitigation plans are very important aspects, since these will greatly deal.

Personally, I consider that the main thing is that the mitigation plan is carried out from the beginning and continue during the execution of the project.

As for what plans would implement to avoid financial risks could be, that in advance would make a plan in the face of existing risks, maintaining a debt stop, implementing a business plan, making a market analysis, always evaluating the profitability of eachinvestment, among many others

In general, I consider that it would help the mitigation plan, make investments in terms of training process, evaluate the level of risk of each opportunity, detail and create an execution plan, review the results and constantly evaluate them, diversify, etc

There are risks that one cannot avoid because they do not know when they can happen such as that of natural disasters, fires and things like this.

Finally I can say that many times the risks cannot be eliminated but if it can be something that can be managed and having a good preparation and good strategies will allow them to be advanced to the facts to be able to reduce risks and that is unfortunately it is said thatIn Honduras, 60% of small businesses are at the Risk Central.