When planning your RTO, as with any other business, the identification of risks within your environment and the external environment to your RTO is extremely important.
A good risk management system is not just about having insurance cover, it is a continuous process of analysis and communication.
The risk management steps are:
- hold insurance for public liability (at least)
- Define your goals and context for your RTO
- Identify risk
- Measure it
- Formulate strategies to limit it
- Carry out specific tactics to implement those strategies
- Continuously monitor the effort
- Continuously communicating and consulting with stakeholders.
To learn more about risk management within your RTO go to www.becomeanrto.com
“In the next 90 days you could be running your own RTO and more than double the size of your business.