RISK MANAGEMENT AND CONTINGENCY PLANNING GDPR is one of the more recent legislative areas a business needs to comply with alongside such things as: > insurances; > contract reviews; > security – virtual and physical; > the impact of negative feedback/customer reviews and their effects on
your reputation; and > the risk of you offering falling behind the curve
More recent times have highlighted the need for disaster planning and ensuring that you have a cash buffer. Consider how well your business could cope with a sudden change in trading conditions or environment, or a loss of a major customer? Scenario planning and adapting cash flow forecasts will give some insight into this. ADAM SHEARING Manager 01242 680000 adam.shearing@hazlewoods.co.uk
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