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What’s your risk appetite?

MAR
21
2016

What’s your risk appetite?

Ever felt the situation you are in is not ‘ideal’?  Your instincts tell you your current risk appetite management plan may not be clearly defined to manage this risk, but you are told “it’s easy”, “it won’t take long”, or “you’ll be fine”.

As time goes by you believe what you’re doing is okay.  You start telling yourself, “all good”, “nothing will go wrong”.

Most of the time those reassurances are true, but when this becomes the ‘norm’ for you, you’re actually depriving yourself of a chance to objectively review what you’re doing and how you came to be in the situation you’re in.

Business owners take on risks every day.  Some use an aggressive approach taking on lots of risk, whilst others are risk averse.  For many reasons, both approaches can either result in success or failure.

One key to business survival is to take the opportunity to regularly review your business strategies and daily operations, and set tolerances around controls in order to improve your business performance.

At Tradey Trump Card, we know there is no ‘one-size-fits-all’ approach.  We can review your current Human Resources, Safety and Workcover strategies to reduce risk and assist you to keep your head on ‘your’ shoulders.

For more information go to our Contact page at www.tradeytrumpcard.com.au or call us on 0409 337 823

 Pic source: Kathy Taylor 2006 ©

About the Author
Kathy Taylor BBus, GDip OHM specialises in strategic management and strategic marketing. She has worked in executive management, held several directorships and currently sits on a NFP Board. Her experience is gained across various industry sectors including heavy manufacturing, mining and resources, trades, prepress, FMCG, agriculture and health. Kathy is a qualified, accredited and experienced industry professional in the fields of human resources management and occupational and workplace safety. She also provides guidance to small and medium sized employers on Workcover Claims management and Return to Work strategies.