ENTREPRENEURSHIP

Detailed explanation-1: -Having a business plan, watching your cash flow and getting the right types of insurance in place are all important ways to reduce business risk. There are also numerous legal pitfalls to be aware of.

Detailed explanation-2: -It’s impossible to truly eliminate risk when it comes to economic decisions that are best for your business. Decisions have to be made even when we don’t know all the facts and are unsure of the future.

Detailed explanation-3: -A business plan allows an entrepreneur to minimise the level of risk when setting up a business.

Detailed explanation-4: -Establish identity management. Support security awareness. Correct security flaws. 08-Sept-2020