During uncertain and challenging times, identifying and pre-empting arising risks across a business in near real time is essential and becomes everybody’s business. In such times, the way and frequency at which information is reported and aggregated across departments, teams and functions is paramount. In small businesses, when there is much to be done with a small team, risk management should be a top priority for business owners and should be a disciplined from day one, even before times become challenging. But how can MSMEs handle risk management exercises the right way, and how does the business plan play a role in the strategy and disciplined execution required for effective risk mitigation from day one?

Led by J.K. Khalil, YAL Member, Senior Vice-President and Saudi and Bahrain GM, Mastercard, this webinar will delve into the following key topics:

• Identify common risks that MSMEs can face at various stages of their operation, and some of the key pitfalls that many MSMEs are exposed to in the early stages of their operation,
• Offer guidance as to the creation of a business plan that can help mitigate and address risks to a business, and
• Give viewers a chance to ask the webinar facilitator about strategic ways in which they can strengthen their business’ risk management measures.

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