109: Legal Lesson Deep Dive, the Benefit of Risk Management in Business

"Preventative planning prevents problems down the line"
-An Old Saying

Risk management is the process of identifying, analyzing, and responding to risk factors throughout the life of your business and in the best interests of its objectives. As you grow and scale your business it's important that you identify and assess risks, develop response strategies and take action to minimize negative impacts and capitalize on opportunities. In this episode of the Don't Skip the Legal Podcast, we do a deep dive into the benefits of evaluating risk management in your business so you can learn how to effectively manage business risks to make better decisions for your company.

And the best way for us as business owners to address and take on these risks is to know what to look for  [1:27]
here are the types of things that a risk management consultant, somebody here at our firm can actually help you accomplish. [2:38]
If you're growing and selling your business, maybe you have some legal issues that need to be addressed with the other party.[3:05]
The second one here is staying on top of customer service. [5:59]
  certainly important that you have a risk management team or a consultant or a lawyer who you can engage and make a part of your team [7:57]
You want to hire big and you want to hire strong. [9:57]
Next, you want to focus on building business management strategies[10:56]
 Love to sit down with you live to figure out what risks you are facing in your business [14:24]

Quote from the show

"Advice and support are invaluable to your success and your growth. Think about this, excellent business management at the start can pave the path for success."
-Andy

Important Links

https://contiguglia.com/blog/how-a-startup-business-should-be-managed/