RISK
By: Joshua Fernandez
Types of Risk
- Speculative Risk- the chance of either a profit or a loss
- Pure Risk- the threat of a loss to gain your business without any possibility.
Types of Pure Risks
The first risk is shoplifting.
You want to prevent shoplifting because you want to be able to trust your customers.
A couple of solutions to prevent this would to train all the employees to recognize shoplifters. Or to keep your restaurant well-lit.
The second risk is burglary.
Burglary needs to be prevented because you don't want anything stolen and people breaking in your restaurant which costs more money.
Ways to prevent burglary is use high quality locks and alarm systems. You could also hire a security guard.
Another risk would be employee theft.
You want to prevent employee theft because you don't want your money or whatever it is to be taken from right under your noses because of your employees.
Things you could do to stop or even prevent employee theft would to hire honest employees. Establish written policies for handling cash and lock all the doors that are not needed for exit or entry.
The fourth risk would be robbery.
You should want to prevent robbery because you want your customers and employees to feel safe and give them what they want because you have a liability to protect them.
A couple of ways to prevent robbery are simple. Buy a safe and have a tough password. Have plenty of surveillance of cameras.
Computer crimes is the fifth risk.
Computer crimes need to be prevented because you don't want someone stealing your customers credit card information and possibly have that customer sue you.
To protect your business from computer crimes you can use security encoding programs. Have passwords and virus detectors.
The final risk would be natural disaster.
You want to try and prevent natural disasters as much as you can by having systems that can stop them without costing more money.
Even though it seems impossible to protect against natural disasters its not. You're in a good site selection so make sure you install smoke alarms and sprinkler systems.