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Business and success risks are like honey and bees. Both are paired. One is related to the other. If you want to get the honey, you must be willing to risk getting stung by bees. If you don't want to get stung but still want to get the honey, you can wear special clothes that cover your hands and face. That is called managing risk or commonly referred to as risk management.
Then, how to manage online business risk?
You need to know, in any business, both online and non-internet businesses, the risk is absolutely there. Cannot be completely removed. All we can do is minimize it. So that we can manage business risk, implementing risk management in online business needs to be done.
In a business risk management system, there are approximately four stages as follows:
1. Recognize the risk.
We must know the business risks that may occur. What are the risks of your online business? Risks in the form of unsold products, risk of hijacked products, risk of loss due to no return on investment, and what other risks are there? Come on let's find it.
2. Calculate risk.
After we recognize the risks that might occur, then we calculate the risk. How much money will be lost because of the risk? To build an online business, you don't need much money. But the risk of loss can be far greater. This means that the earning potential that can be earned just disappears due to uncontrolled risks. For example how much loss due to your product being hijacked. Or suppose when your website is inaccessible, how many people who might initially intend to join become delayed. Calculating these risks can be one of your considerations in prioritizing managing business risks.
3. Prepare a strategy and implement it.
Then all that remains is to prepare a strategy and implement it. If the risk is that your product is hijacked, of course you must provide adequate security for your product.
4. Monitor risk.
To make it easier to monitor risks, it is very good if you make a list of your online business risks. Continue to strive so that the risk can be minimized. Look for new ways so that the risk can continue to be minimized. Do not hesitate to make changes if your strategy does not work as expected.
Those are the steps you can take in carrying out risk management for an online business. Once again I stress the risk can not be eliminated. All we can do is minimize it.
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