Risk Management

RISK MANAGEMENT is the forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact.

So, the two key words here are forecasting and evaluation.

Forecasting is the predicting or estimating a future event or trend.

How do you know what is going to happen in 6 months, or a year, or 5 years, or 10 years?

Evaluation is the making of a judgment about the amount, number, or value of something; assessment.

How do you know if you are right or wrong?

SO,
if you are working somewhere, what might be your risks?
1. the company closing down
2. the company laying you off
3. getting hurt on the job
4. getting sick on the job
5. working with other employees (their attitudes and beliefs)
6. getting into an accident going to/from work
7. getting caught looking for another job
8. getting caught surfing on the internet at work
9. turning in your resignation
10. having an affair at work

What about risk management at HOME?
1. Damage to home that isn't covered by insurance
2. Getting hurt working in the yard
3. Falling off the roof
4. Sending children to college
5. Fire inside the home
6. Neighbor getting hurt in your home
7. Replacing appliances
8. Water pipe leaks
9. Getting hit by lightning
10. Sending children to city schools or county schools

Doing something is better than doing nothing...