Risk and Mitigatory Measures
- Financial Risks:
- Good Debtors Management.
- Credit Arrangements with Suppliers.
- Effective Cost Controls.
- Management Risks:
- Sound Financial Management.
- Management Board and functional Organogram.
- Good planning – finance, marketing, operations.
- Professionalism, everything must be on board.
- Business Risks
- Adequate funding.
- Effective and accurately aligned marketing strategies.
- Action plans – updates, follow ups and feedback.
- Professional set up.
• Diversification