What is risk management and how can a company expanding or getting started, start with the least amount of risk?
In accordance with a business dictionary you would find this definition : "Risk management is the process of identification, analysis and acceptance or mitigation of uncertainty in investment decisions."
The process of identification, analysis and acceptance - A very thourough swot anaylsis and a comprehensive study of demographics into the areas that are involved in your expansion or start up. Politics is behind almost all demographics of a country for example a communistic enviornment is a lot different than working in a democratic society. Finances and banking also comes into play for a proper anaylsis. A full working battle plan covering all basis of business from manufacturing to end product in the hands of the consumer is considered in risk management. Not all risks can be mitigated or cancelled but you can certainly minimize them. Thats what it is all about.
Mitigation of uncertainty in an investment decision. Means is it worthwhile, will I make money and get back what I have already put into my business. This of course is the bottom line of business and investments today.
A complete anylsis of any situtaion takes time and money, however it doesn't cost near as much if one expands with a proper study rather than going into expansion with half the data or an improper, incomplete study.
This is what we can do for you. We look forward to hearing from you.