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[Gamer01]

Most of the busineses are not much high risk but there are some of them that are indeed always habing risk such such business always need expert handling and they mostly need services of lawyers payments companies to handle their transactions and finances.

Almost all business services vary on the amount of risk bind with them , and for such reasons risk managers are hired by such companies and busineses do you think that each buisness must have risk managers for them always ?

 

[Deyiang]

Yes it very good to have risk managers because this will reduce much stress from your side.
They will always arrest issues that may want to affect business.
But be sure that they are competent enough to handle the problems

 

[johannesrumbino]

I don't think every business need a risk managers. But it will help a lot when business have a risk managers. They will be the one to manage all possible risk and find out the best way to avoid it

 

[freelancermariagrace]

It may not be a requirement, but having one can be advantageous in a variety of ways. A risk manager can assess your company's risks, including legal, financial, and other factors. As soon as he understands the dangers, he will devise a comprehensive strategy to mitigate them and ensure that your company adheres to the law.

 

[arunima25]

It will depend on the business, the kind of it and how much risk does it actually involves. Also, the magnitude of the business, whether it's a big scale one or a small business would be an important determining factor. A small business with low risk might not need it. A small business might not generate so much of revenues to hire a risk manager and pay him. If it's a big business, the revenue will be more. And it can afford to employ a risk manager. Risk manager is good for them as they are experts to handle risks. They have legal expertise and they definitely take away a lot of responsibility and stress away. Having a dedicated team or person for specific areas is always good if the business is large and profitable enough to afford to hire these employees.

 

[Emmanuel24]

A business tends to benefit from a risk manager if he/she is considered. A business benefits identification and accessment of risks that may arise from any angle, developing strategies to mitigate risks, contributing to the success of the organization and ensuring that rules are followed etc. Therefore business men and women are advised to get a risk manager.

 

[Wisdom01]

I think Risk management involves identifying, analyzing, and addressing potential risks that may affect a business's operations, financial stability, or reputation. By having a dedicated team to oversee and manage potential risks, businesses can reduce the likelihood of costly disruptions and minimize the impact of unexpected events.

 

[Daniel084]

Not sure about always needing managers. Probably depends how big the operations are. Small businesses owners may be able to handle risks themselves if they're careful. But bigger companies with millions involved probably do need dedicated staff watching everything closely.

 

[Kunlee1]

Yes it's very necessary to have risk managers so as to predict and help avert loss in businesses expecially for high and segmented businesses. They'll be able to predict the market for a business person. Although it still depends on how big the business is.

 

[magnus2022]

Small businesses don't need risk managers because the cost of hiring them will overide the capital of the business. Small business owners can mitigate against risks by taking insurance packages for small businesses. Risk managers should be for corporate bodies and capital intensive investment.

 

[Wisdom01]

Small businesses don't need risk managers because the cost of hiring them will overide the capital of the business. Small business owners can mitigate against risks by taking insurance packages for small businesses. Risk managers should be for corporate bodies and capital intensive investment.

Yeah it may be true that small businesses may not have the resources to hire a full-time risk manager, it is still crucial for small business owners to have a basic understanding of risk management and to implement a risk management plan.

 

[Ofonime]

Business should have risk manager it's one of the most important things which any business should have because it's going to help you Minimizes your loss potential and save your invested fund from lost

 

[kayode10]

Yes, businesses should have risk managers to identify, assess, and mitigate potential threats that could jeopardize their operations, finances, or reputation. Qualify Risk managers help in making informed decisions, implementing preventive measures, and developing contingency plans to minimize the impact of unforeseen events. A professionals and proactive risk management enhances resilience and ensures sustainable growth in dynamic business environments.

 

[Daniel084]

Small businesses don't need risk managers because the cost of hiring them will overide the capital of the business. Small business owners can mitigate against risks by taking insurance packages for small businesses. Risk managers should be for corporate bodies and capital intensive investment.

I don't completely agree. While insurance helps, having someone assess risks professionally could help avoid costly mistakes. A part-time risk consultant may be more affordable than you dealing with preventable issues down the line.

 

[kayode10]

Risk manager should not be part of the things you are going to consider when you are just getting started with the business. You should focus on how to generate more sales with your business either with your product or services.

 

[Daniel084]

Risk manager should not be part of the things you are going to consider when you are just getting started with the business. You should focus on how to generate more sales with your business either with your product or services.

Exactly, hiring a risk manager for a business that's just starting is not always necessary. The costs associated with hiring someone especially at the very beginning could take away funds needed for more pressing matters like marketing, product development or purchasing essential equipment. While it's still important to be mindful of potential risks and have basic protections like insurance, the focus when first launching should be on generating sales and revenue. Only once the business is established and growing steadily would hiring a dedicated risk manager to formally assess vulnerabilities start becoming a worthy investment.

 

[kayode10]

When you are just starting a business the most important thing is to make sales consistently. You will only need risk manager when your business has been generating consistent sales as a result of marketing system on ground. You need risk manager when you want to expand the business not when you are just getting started.

 

[Zikonano]

Yes, businesses can benefit greatly from having risk managers. Risk managers help identify, assess, and mitigate potential risks that could impact the organization's operations, finances, reputation, and other aspects. By proactively managing risks, businesses can better navigate uncertainties, protect assets, and capitalize on opportunities, ultimately improving resilience and long-term success.

 

[kayode10]

Risk manager is very essential for business when you have been established. You will need a risk manager when you want to start expanding your business through merger and acquisition. It is the duty of risk manager to evaluate the whole process.

 

[Wisdom01]

Risk manager should not be part of the things you are going to consider when you are just getting started with the business. You should focus on how to generate more sales with your business either with your product or services.

i think is also important to consider and mitigate potential risks. Risk management is not something that should only be considered when a business has already established itself; it is an ongoing process that should be integrated with business operations from the beginning.