What are the internal business risks that need to be avoided?

[Suba]

As long as we run a business, there will be many possible business risks that may occur, one of which is internal business risk which is a factor or event that can cause a decrease in sales, business performance or an increase in operational costs. So internal risks will also indirectly threaten the financial stability of the business. So as a businessman you must be aware and alert to the possibility of internal business risks occurring.

 

[Augusta]

One is having a partner that isn't trust worthy . You are risking leaving some vital documents or aspect of the business to the person. They can wreck the business

 

[Suba]

That is why we have to be very selective in choosing business partners, so that they can be trusted and make written agreements made by a notary, and of course not all important company documents are handed over to business partners.

 

[Starmix]

That's what worries me much this time because the prices of my milk tea are almost doubled. I am afraid that if it continues to rise, I might decide to pause temporarily.

 

[neku]

Another problem business owners face is treacherous employees. Some employees will take money from business rivals, and leak confidential business information or even damage the business property, equipment in some cases.

 

[King Belieal]

One internal business risks to avoid is theft by staff. You might be getting everything right and staff can stay from within and ruin the business.

 

[Fidelia]

One of the internal business risks is loss of quality where standardized production processes are compromised. That could lead to serious challenges in terms of poor sales to the business.

 

[eLdavis]

One risk factor business owners face is receiving damaged goods from their suppliers or customers having to return goods simply because they where damaged.

 

[Kross]

I think sabotage by staff in the form of leaking the information of the company is one internal risk that needs to be avoided.