Risk Management for Small Technology, Web and IT Companies
Risk is a fact of life in business. There are basic risks that apply to every business, but certain industries face unique risks in their field.
It’s been said that approximately every 18 to 24 months, computers double their capabilities and so do the information technologies that utilize them. Being in an industry that thrives on such warp-speed innovation amps up the importance of mitigating traditional business risks such as intellectual property protection and professional liability. The margins for error get smaller and smaller as the data moves faster and faster.