Today’s earthquakes in Christchurch, New Zealand, reinforce the need to be prepared and indeed, to expect the unexpected.
Sucessful ventures, as much as they can be, should be prepared for ‘events’ that can occur. What would you do if your largest customer suddenly can’t pay you? What about if a key staff member was to leave? What about if an earthquake was to hit where you live?
Risk management starts with identifying the risks that could create the biggest challenges for you and your business, and allow you to put in place some mitigation actions. Should an ‘event’ occur, then you can move into automatic mode, and take quite deliberate actions to either minimise or reverse the impact from the event or simple get back to ‘safety’.
