Risk assessment in business operation

How to startup a business by assessing the risk in operational system , here we will elaborate some points, need to keep in mind while taking a decision related to business operation.

1. Make a strong survey by searching acceptance of product or services by consumer and competitors already paying in market, in term of quality of product or service and prices, packaging of product ,attracting to end users.
2. Asses the way of marketing to product or service easily reach to consumer and cost involved.
3. Legal & local authorities  compliance related to business, statutory registration  in government department, licenses related to business, clearance from public if affecting to them  by operation of business.
4. Need to opt a strong transaction recording software, risk & leakage proof to manage and run business.
5. Marketing, it may be digital, traditional , traditional  may impact cost of product/service, and difficult.
6. Arrangement of raw material in case of manufacturing  establishment, net work of producers  nearest to establishment.