Thomas M. Bragg on Business Risk Management

Practical Risk Management for Small Business Owners and Managers


    • How To Manage Business Risk
    • Who is Thomas M. Bragg?
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      • A VC (Fred Wilson) Venture capital, business
      • Awake at the Wheel (Jonathan Fields) Small business, marketing, entrepreneurship
      • Both Sides of the Table (Mark Suster) Venture Capital
      • Chris Dixon's Blog Startups, venture capital, tech
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      • IttyBiz (Naomi Dunford) Marketing, startups
      • James J. Donnelly Crisis management, communications
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      • Operational Risk Management (Ed ?) Risk Management
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      • Problogger (Darren Rowse) Blogging, technology
      • RiskViews Blog (Dave Ingram) Enterprise Risk Management (ERM) and Risk
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    • The Solution to Every Decision

        10 comments
        11th Feb 10
        Tom

      Crossroads

      Image by cubajones via Flickr

      Here’s a Quiz For You

      What do these decisions have in common?

      • Is it wise for me to invest in new equipment for my business?
      • Should I respond to the irate customer’s email or just let it go?
      • Is the best route turning left, turning right or going straight?
      • Should I have beef or chicken for dinner tonight?
      • Should I wear the blue shirt or the green shirt today?

      .

      Give up? Read the rest of this entry »

        How to, Risk Management
        Management, Risk Management, Risk mitigation, Risks, Small Business, Thomas M Bragg
    • How To Manage Small Business Risk

        17 comments
        7th Jan 10
        Tom
      Image extracted from Systems Engineering Funda...
      Image via Wikipedia

      Over the last couple of months, I’ve walked through the process for small business risk management with you. I thought it would be a good idea to capture all of the “how to” posts in one place.

      .

      Take a look at the compilation. My hope is that after reading all the posts below you have a general understanding of how to manage risks and opportunities for your small business. More importantly, I hope you see the benefit of incorporating formalized risk management into your daily business life.

      Read the rest of this entry »

        How to, Risk Management
        Motivation, Opportunities, Risk Evaluation, Risk Identification, Risk Management, Risk mitigation, Thomas M Bragg
    • Mitigate Risks, Exploit Opportunities!

        15 comments
        4th Jan 10
        Tom
      An assortment of United States coins, includin...
      Image via Wikipedia

      It’s been a while… Let’s get back to basics of the risk management process.

      .

      We’ve covered the first two steps – identifying risks and evaluating them. You now have a great list of your risks and opportunities, in order of their potential impact on your business, but your work isn’t done yet. Having the list helps you anticipate which risk may have the biggest impact on your business, but if the risk becomes reality you will still be reacting to it during a potentially stressful situation.

       .

      Since clear, thoughtful thinking is difficult during a crisis, let’s do some thinking now about what we would do. This exercise is called risk mitigation planning. Believe it or not, this is the fun part of risk management. Read the rest of this entry »

        How to, Risk Management
        Opportunities, Risk Management, Risk mitigation, Risks, Small Business, Thomas M Bragg
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