So how can business risk be quantified or calculated? Risk is basically a set of probabilities determined by the chances of an event occurring combined with the consequences if it does occur Read more.
If the likelihood of a particular event is rare, and the consequences negligible, then the risk is subsequently low. On the other hand, if the probability is high and the consequence is devastating to your business, it’s a high-risk event and you’ll need to assess a plan for navigating that risk Read More.
Whether existential (like a pandemic) or internal (like an ineffective team), your business is being threatened on a near constant basis. The following key factors must be considered when assessing business risk and are some of the factors in our calculation for startup risk Read More.