Address Risks to Stay in Business!
As an owner operator you face plenty of risk, particularly financial risk. But with proper planning, you can reduce the impact to your wallet if the tightrope should break. Risk is the exposure to danger or loss. A risk becomes an issue when the exposure becomes reality. Your plan to reduce the probability of a risk becoming an issue will be your saving grace from financial loss. This plan is called risk mitigation. Let's use a simple example to explain. Let's say you have a
