Risks are potential situations or things that leave exposure to danger and hazards that in business may require serious financial capital to repay. Risks are more prevalent in certain jobs and industries so understanding the risks of your industry before starting your company is important.

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Monitoring your Business and the Local Environment for Risks

One vital aspect of running a business is being able to understand the risks you face. Once you have a handle on that, you are in a much better place to initiate strategies for risk management. NY is a big, busy city with a large population…