Internal business risks

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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 list of bahrain cell phone numbers 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.

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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.

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Regulation of business risks
It is established by law that starting a business is a free and conscious choice of a person. There are no special laws that would protect entrepreneurs from economic fluctuations or political instability. In difficult situations, the government can take temporary measures to help small and medium-sized enterprises cope with crises.

Regulation of business risks

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One of the ways to protect a business is Law No. 4015-1 "On the Organization of Insurance Business in the Russian Federation", which allows entrepreneurs to insure their companies against unexpected losses. Insurance companies offer services that can protect against unscrupulous partners, equipment breakdowns, falling demand, and even bankruptcy.

However, it is impossible to insure business risks associated with losses from the purchase of raw materials, production stoppages or tax payments.

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