6. Business Risks
• Physical
• Adverse weather conditions
• Fire, flood, theft
• Cutting power cables or telephone lines
• Super-gluing your locks to prevent entry
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7. Business Risks
• Legal
• Health & Safety At Work Act
• Data Protection Act
• Working Time Directive
• Insurance
• Copyright
• Performing Rights Society registration
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8. Business Risks
• Operational
• Information Communication Technology
• Commercial
• Financial
• Human Resource Management
8
9. Business Risks
• Perception is Reality!
• What employees think and say about you
–Uncaring
–Unethical, or worse!
• What customer and suppliers say about you
–Poor service, rude
–Late payers, difficult to work with
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10. How to identify your own
business risks
• You or one of your staff is the most qualified
person to bring down your business,
potentially
• Think like your worst enemy and tell me
(keep it to yourself in this instance) how you
would stop your business from operating?
Keep it basic, not technical!
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11. How to identify your own
business risks
• You wake up and want to get ready for work
• What could stop you?
You set of for work
• What could stop you?
You want to get into your office
• What could stop you?
You are about to start work
• What could stop you?
• You think your work is going well
• What could stop you?
•
What else could stop your business? 11
12. How to eliminate or mitigate
those risks
• Identify the risk
• Consider the effect of that risk on your
business
–(direct or indirect)
• Consider the possibility of the risk happening
• Consider the cost of any corrective action
• Consider the cost of doing nothing
Avoid paralysis by analysis!
Ask for help!
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13. Thank You
Telco-op Ltd
More than just
backing up your computer!
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