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Risk Assessment Report Property Millionaires

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Risk Assessment Report Property Millionaires

Category: Essay

Subcategory: Other

Level: University

Pages: 6

Words: 1650

Risk Assessment Report: Property Millionaires
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Introduction
A risk assessment report seeks to analyze the exposure of businesses to threats. It is conducted to enable the management and ownership of the business to identify areas that need attention. These areas do not necessarily need to be worked on but managers should keep watch to avoid being caught unawares. Usually, when a business is booming, managers can undermine the risks. As a business grows, the risks increase. Therefore, managers should be more watchful when the business is enjoying success. It is ironical that when the business is booming, that is when it is under the greatest danger. These risks come from both the internal and external environment. A risk assessment calculator informs the managers about the level of risk in the business. The results of the analysis then provide insights into what the organization should do. A low-risk figure shows the business is safe but at the same time shows that it is in a comfort zone. Comfort zones are not suitable for business as it means that the business is not taking enough risks. In any industry, businesses have to take risks if they are looking forward to achieving more success. However, high-risk figures should serve as a wakeup call for managers. They should do a thorough analysis of their business to identify areas that pose a risk to the existence of the business. A risk assessment calculator gives r…

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