SMALL BUSINESS RISKS

1.EXTERNAL RISK
2.INTERNAL RISK
3.REPUTATION MANAGEMENT

4.SECURITY RISK

1.EXTERNAL RISK:

External business risks means include those factors that are out of your control. If your business relies heavily on transportation that the the rising cost of gas could be an issue.

2.INTERNAL RISK:

Internal risks means that are usually personnel-related. In the internal security risk you can mitigate the risks of many of these by putting specific programs.

3.REPUTATION MANAGEMENT:

Risk mitigation means the expert Craig Rowe states that a companys reputation is its most important asset. He advises to participate in online conversations about their brands so they can address issues before they become problems.

4.SECURITY RISK:

Security risk means if your company uses computer technology to process credit card transactions its at risk. The employes giving insider information to your competitors.