Primarius Blog - Being risk averse

Muriel Oliver
Update | 4 Jun 2020

We believe in being risk-aware and by definition risk-averse.  There are many proactive ways to grow and build your business and we believe these should all be used appropriately.

Here are a few of the ways:

  1. Update your risk profile - this is very important in any business, even before Covid-19, it was our practice to review our risk matrix annually. Read more on Preparing a risk plan for your business.
  2. Give your structure a health check - we work actively on the best business and investment structures for our clients and have achieved great results over the years.  In fact, we are assisting someone right now in getting the best of the rest of their working life and really making it count. We run a Business Structure Review Service to assist.
  3. Review your insurances - this includes business, cyber, and audit insurance.  Read more about  Audit Insurance - choose your risk and Cybercrime - an accident waiting to happen.
  4. Ensure you are staying up to date with tech - we had a situation with a risky tech issue a few years ago - this taught us a few valuable lessons about Keeping data secure.
  5. Check you have work support and back up - to ensure we can look after you (avoid the issue above happening to our clients!) we are all about team effort - read more here. However, many businesses make the mistake of relying on one person, this is risky in any area of your operation.

Want to know more - email us on info@primarius.net.au 

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