In business, A risk is defined as a circumstance that has a negative effect on your business. Types of risk vary from business to business. Newton Mechanical Electrical INC. breaks down risk into 4 groups:
After isolating the risk to one of these 4 groups we recommend taking action and Creating a risk assessment plan to effectively tackle all risks in an organized well planned out form. Appropriately assessing all risks is crucial and allocating the correct resources can lead to fast and effective resolutions saving you time and money.