It is estimated
that up to 90 percent of all new businesses fail, and although
there are a variety of causes, the easiest one to prevent and the
least expensive to implement is a proactive risk management program.
According to Bulletproof Your Business author and small business
expert Brad Forsythe, proactive risk management is critical to
the success of a business. “Small businesses must have in
place ways to reduce financial and legal risk, reduce the cost
of risk insurance, and to better deal with employees, clients and
vendors – all of which expose a business to risk.” Forsythe
said small business owners must, at the very least, investigate
then delegate risk management processes.