As a business owner, there are a variety of risks and challenges that you must deal with every day, from maintaining demand for your product or service, to managing resources, to making strategic business decisions such as changing or expanding your operations. But what about the less obvious risks — the ones that you don’t necessarily deal with on a daily basis but are just as critical to your business success?

Some business risks (such as retaining employees) are within your control; others (such as economic change) are not. But there are ways of managing both types. Your awareness of the risks that could negatively affect your business is the first step in the risk management process. That’s where this guidebook can help. It highlights nine key risks that are common to many business owners, and it’s a great place to begin the risk assessment process for any sized enterprise.

In this article, you'll learn about:

• Attracting and retaining employees
• Ownership conflict or change
• Loss of a key person
• Currency and interest rate fluctuations
• Reduction in consumer and business spending
• Supply chain cost fluctuations and disruptions