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The list of risks may be expanded depending on the specifics of a particular industry. The methods of their prevention also depend on these specifics. However, there are universal methods of combating entrepreneurial risks, such as insurance. It allows partial compensation of losses through insurance payments when an insured event occurs.

There is also a classification of risks thailand telegram data by their consequences. Pure or statistical risks imply that the end result is losses or neutral consequences. Speculative risks allow losses as one of the scenarios (the company may make a profit). Property entrepreneurial risks are associated with the loss or damage of property.

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Alexander Kuleshov
Alexander Kuleshov
General Director of Sales Generator LLC
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How to find out the 5 key marketing metrics in your company?
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9 Examples of Universal Selling Commercial Proposals
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Cold Lead Processing Script Template
A checklist of ready-made questions for engaging cold clients

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Internal business risks
There are two types of crisis situations in business: external and internal. External business risks are associated with factors that the company cannot influence, while internal ones arise due to errors in management and the company's activities.

Internal business risks

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Internal problems can be caused by ineffective management, poor marketing, uncompetitiveness of a product or service, lack of investment for development, and litigation.

Almost all of these risks can be prevented by hiring experienced specialists: managers, economists, lawyers, marketers and production personnel. Other issues are resolved through better understanding of customer needs, installation or repair of equipment. These problems depend on the company itself and can be corrected through competent management.

Case: VT-metall
Find out how we reduced the cost of attracting an application by 13 times for a metalworking company in Moscow
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External risks associated with business activities
We are talking about situations that do not have a direct impact on the company's activities, but still affect its work. The main difficulty is that they can be foreseen, but practically impossible to influence. The most significant risks include:

sudden changes in legislation;

instability of the political situation;

fluctuations in fuel and raw material prices;

economic crises in a country or a specific industry;

natural disasters;

environmental disasters;

social unrest, wars and epidemics.

In addition, the organization's business risks may be related to competitors' actions, lack of quality resources, high inflation, and other factors. For the stable operation of the enterprise, it is necessary to take into account most of these threats and have backup plans in case of crises in order to minimize losses and maintain business sustainability.