Stumbled upon this insightful article from Business News Daily and thought immediately that it was worth a share. It has some really interesting gems.
It’s called 6 Biggest Business Insurance Risks (and How to Mitigate Them). In it, Nicole Fallon shares some valuable insights. Here’s a short snippet:
Strategic risk occurs when your business’s strategy is diluted or usurped by yourself or other businesses. By running a small business, you have to commit to a certain strategy for your product or service and stick to it. If competitors undermine your strategy by outperforming your product or service or undercutting your prices, you run the risk of falling behind in your industry. Research your competitors and understand how you can better protect your business.Nicole Fallon
The rest of the article gets even more in-depth. So, if you want to read more of it, just click on this link to Business News Daily’s website.