Commercial relationships – risks can be caused due to the financial
strength of your commercial partners and potential legal issues between
your organisation and the other.
f Economic circumstances and scenarios – while you can study economic
indicators and read opinion from economists a risk is always posed by
uncertain economic circumstances. While some experts predicted the global
financial crisis it caught many businesses unawares.
f Human behaviour – you may vet all potential employees through
psychological tests and obtain glowing references from referees, but
one of the biggest risks you will take is with the human behaviour of your
employees. It may be an employee who has developed a gambling habit,
and employee who is going through a relationship break-up, the behaviour
of your employees can have a significant impact on the success of your
business