risk
management
What could possibly go wrong?
I'm glad you asked.
WE CAN'T ELIMINATE RISK, BUT WE CAN WRANGLE IT
At its heart, risk management is knowing ahead of time what could go wrong, and acting in advance to prevent it.
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In Plain English can bring you some peace of mind by helping you implement a robust risk assessment and management strategy.
"risk" v "risk management"
A risk is something that could go wrong.
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​(Things do go pear-shaped from time to time.)
​Risk management is taking action to reduce the chance of that thing happening.
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(It's a vital part of a successful business).
Two key types of risk management:
1
local risk managment
These risks are specific to your business, and are usually managed by implementing consistent processes. For example:
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A dog groomer could get bitten by their charge.
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A key supplier for your business could run out of product.
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A key staff member could leave.
​​We work with you to identify and size the risks relevant to your business, and develop measures to reduce the chance of them happening.
