1.00 Indian rupee ₹ Risk Management! A key to success for startups Mumbai

Published date: July 24, 2019
Views: 5
  • Location: Goregaon, Mumbai, Maharashtra, India



Sense and manage problems in their smallest state, before they become bigger and turned out to be lethal.”
• Reduce revenue leakage which supports increase in revenue
• Improve stakeholder confidence and trust
• Increase the probability of achieving goals
Your business operates in highly uncertain environments. This uncertainty brings a high level of risk to your company.
Risk management is the identification, evaluation and mitigation of potential risks that can have adverse effects on a business. Early recognition and mitigation of risk is a critical factor for success in startups businesses, as the cushion for absorbing failure is relatively low.
As per the survey, just 44% of small businesses stick around for four years or more. One main reason so many go away is Poor risk management.
While it is essential to concentrate on the positive aspects of your business, but it is foolish to overlook potential future risks that might damage your company in the blink of an eye.

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