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Ways through which an entrepreneur should mitigate business against risks

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Entrepreneur mitigate business against risks through;

  • Insuring his business against losses e.g Burglary, fire
  • Co – owning the business with a partner. This option will dilute the ownership therefore it is a step that should be taken with a lot of caution.
  • Investing in extra security in the event that the business deals in valuable products.
  • Securing the services of a risk assessment expert. This is a preventive measure and will highlight the areas of risk in the business that the entrepreneur needs to be aware of hence make vital decisions.

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