The problem with managing risk is that you never know when something will go wrong or just how bad it will be…things happen just when you think as the saying goes, “Life is good.” Whether it’s an employee being absent on the day the big project is due, or the worker who gets injured on or off the job, or worse, an unhappy employee who leaves the company in a sour mood and you’re just worried if the situation isn’t really over.
Business owners have little choice, but to manage the risk ahead of time by preparing for any possible outcome, including the worst one.