Risk Assessment Business Plan Accepted College Essays

Posted by / 15-Feb-2021 00:14

Small but established companies have already gained experience dealing with these problems, reducing this business risk.The risk analysis section should mention these dangers and uncertainties, and the business plan sections relating to each risk category should have strategies to deal with them.In the case of companies that offer proprietary products, there are uncertainties associated with ownership of intellectual property.It is important to have trademarked brand name and patent protection to prevent replication of company products or services, which could have an adverse effect on the company and affect the outcome of intellectual property rights disputes.Identification and discussion of business risks and challenges, and having strategies in place to deal with them strengthens the plan, enhances management’s credibility and increases the confidence potential investors will have in the business plan and its financial projections.Being upfront and discussing potential business risks, rather than glossing over them, builds confidence in the company’s management.The company should include the cost of liability insurance in the financial forecasts.In the case of start-ups, there are uncertainties associated with raising start-up capital and maintaining sufficient funding.

In the case of start-ups or early stage companies, management must gain experience in managing operational, marketing and other problems that will arise.The business faces dangers associated with natural disasters.These relate to changes of the weather and their consequences, such as time lost in production and distribution and resultant economic downturns that depress sales.Potential threats include unexpected problems that may develop in quality control, distribution, marketing and promotion and other areas.Start-ups and early stage companies must also build relationships with customers and attract customers from competitors.

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Banks are exposed to interest rate risks but many have in place strategies to mitigate those uncertainties.

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