How did you manage the risk level for your business?

All businesses will have risks, the smaller the risk, the smaller the profit. Business risks can occur from internal or external sources. So the first thing you do is identify all possible risks, conduct a risk assessment, and prioritize risks, etc.
 
Careful planning is one best tool to defeat risks in business. After observing the fluctuating flow of your business, expect something malicious that may put your business to risk. In my business the risk is the staff who might betray me by colluding another staff of the same milk tea business by sharing the strategies and ingredients. If ever betray me, there will be no second chance.
 
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