Around and around the merry bush you go. That is to put a positive spin on your business. It is ongoing, at least. There is no imminent threat of closure. You are making more than enough to stay afloat. And if you have strategized right, sooner or later your business will grow. But as your business grows and you start to exceed your turnover targets and even realize profits, the risks will grow.
Do not allow your new business to go into a tailspin and plan and project for those risks before they need to happen.
It does not matter what type of business operation is being driven, one salient risk is that of security, in more ways than one, in fact. Financial security is on every business owner’s mind. Security, just plain security, where all goods and property and even customers are properly secured and safely managed, is also a preoccupation. This form of security does depend on the business being run and its infrastructure. If you are an event planner, moving from venue to venue, you will always have crowd control on your mind.
Not just the safety of your patrons, but the venue and its artists, performers or exhibitors need to be secured too. Where large crowds are gathered, prime targets are possible. With a security turnstile in check and the requisite security staff to manage it, you take care of a number of potential disasters. It does not need to be the cause of malevolence, but emergency situations could arise at any time.
As an event planner, you already know that you will need to have your emergency rescue services team, or at least a qualified or trained first aid team, standing by.