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.

 

[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.