Basically, risk management is very important to any business, especially the small business as a business owner. Security is always a vital factor in every business venture, and that's why we need to know how to manage the risk in our businesses. What is the best strategies to use in risk identification and risk evaluation in business?

It can be really daunting to decide which insurance policy to take. So, you ask yourself what should be the best option for my business? So, tell me the key aspects that should be taken into account when choosing the insurance policy.

Any one can be a victim of cyber attack. So it's important to protect your business from hackers. It is relevant to be a step ahead as a business person. What security measures do you have or take to protect your business from cyber threats?

You do not want to be caught off guard by the following events when running your business. This is particularly so given the fact that there are so many types of insurance available in the market. So, I want you to share your most crucial types of business insurance.

If you're faced with a very serious debt that needs to me paid off because it have been a while the debts have pilled up, do you make paying off the debt a priority or do you focus on saving up money first before paying off the debt? 

What's the best strategy to work with in this situation? Would it be paying off debt or building savings first?

Saving money is very important because that's what's going to improve your financial and purchasing power because you will always have money available whenever there's a need for it. Do you think there's anything like having too much money saved instead of using the funds to execute more projects? 

What are there risks of keeping too much money in savings

Automated savings tools makes it possible and easier for you to save money without having to forget or spend too much that you have less to save after. By using automated savings tools, all your savings target are checked once funds are available. 

Are automated savings tools worth it?

Working with a very tight budget is always going to make it very difficult for you to save a good amount of money especially when you're not having many heavy streams of income. 

If you find yourself in such a situation, how can you save money effectively on a tight budget?

There's always an option to go in very big, average or small in any investment that an investor want to take on. It's the same thing with trading the stock market. You can go in big or small or average to manage your loss and wins properly. 

How much have been the biggest you invested in the stock market?

Being employed in a company that cover your health insurance as long as you're still employed by the company is very good. Health is very important when it comes to being able to deliver on your job at all times.

What kind of health insurance provision does your company cover?