What loss mitigating strategies do you use on the business?

[Stardom22]

It's evidently that almost all types of businesses comes with their inherent risks which in turn causes the business to incur some losses. So what are the best loss mitigating strategies that one can apply on their businesses?

 

[Fidelia]

The loss mitigating strategy that I use in my business is to eliminate the incidence of refunds because that is what instigates losses for me.

 

[King Belieal]

For my line of business, I use careful biosecurity measures to make sure I don't expose the business to factors that can bring losses.