Business Plan Template With Comments Page 14
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20Reducing Risks
Have you identified the main risks, especially the financial risks involved in
setting up your business?
How to you propose to minimise these risks?
Whats the worst case scenario, what can go wrong. What can you do to avoid.
e.g. Illness or Injury – Ensure Health and Saftety guidelines are followed. Take out
appropriate insurance. etc
Competition undercuts dramatically
Market Research is incorrect.
Closure of other business which may affect yours.
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