6. Business Risks
• Physical
• Adverse weather conditions
• Fire, flood, theft
• Cutting power cables or telephone lines
• Super-gluing your locks to prevent entry
6
7. Business Risks
• Legal
• Health & Safety At Work Act
• Data Protection Act
• Working Time Directive
• Insurance
• Copyright
• Performing Rights Society registration
7
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
9
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!
10
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!
12
13. Thank You
Telco-op Ltd
More than just
backing up your computer!
13