Every business makes decisions and the reprocussions of those decisions have risks. Failing to manage the risks your business takes within acceptable levels can lead to the entire failure of your business. If your business really isn’t doing very well and looks like it is going under (9 out of 10 businesses fail within their first two years) then you want to have it fail as gracefully as possible.
Risk Assessment In The Workplace. Part 3
Step 4. Record your findings.
If you have less than 5 employees then you do not need to write anything down. Although you will find it useful to keep a written record of what you have done.
If you have five or more employees, then you must put in writing the significant findings of your risk assessment. This means writing down the significant hazards and your conclusions.
Examples might be something like:
Electrical installations: insulation and earthing checked a…
Risk Management – An Inescapable Part Of Doing Business
Risk is an acknowledged and inescapable part of business – which means that risk management should be an integral part of a successful enterprise. By employing professionals or training members of your team, you reduce the possibility of misfortune, financial or personal.
It works by highlighting the possibility of failures in your business enterprise, and giving you the information to weigh up what level of risk is acceptable.
A failure can mean something that endanger…
Risk Assessment in The Workplace. Part 1.
As a small business owner you need to be concerned about hazards and the risk assessment requirements, within your workplace. This is now a legal requirement.
Risk Assessment in The Workplace. Part 2.
As a small business owner you need to be concerned about hazards and the risk assessment requirements, within your workplace. This is now a legal requirement.
Risk Assessment in The Workplace. Part 3.
As a small business owner you need to be concerned about hazards and the risk assessment requirements, within your workplace. This is now a legal requirement.