Small businesses owners often overlook the area of risk management when it comes to running a business.
Risk should be minimized as much as possible and a good risk management system can help a business accomplish that. Some topics associated with risk management include: insurance, environmental issues, financial planning, security, data backup, contingency planning, and government regulation.
Risk management should be revisited often and updated as part of your business or strategic planning process. Some good resources for risk management are provided below: