It is this kind of assessment that makes it possible to “look fears in the face,” turn off unnecessary emotions, and turn on the ratio.
When it comes to the risks of our adult lives, it’s clear: we have to take care of them. But what about the risks of a child?
It is clear that those risks that may affect her future life and health will be Risks in a included in our adult list. However, those that occur in the child’s current life should be used as a learning exercise and worked through together with her.
Invite your child to think about what kind of troubles could happen in their life
What their probability is, and Risks in a what the consequences b2b email list might be. For example, if a child brings expensive toys or gadgets to school, what is the probability of them being lost or damaged? And what will be the consequences?
This exercise, especially if done regularly, will help the child develop a responsible attitude towards their belongings and actions. This will be very useful in adolescence, when the so-called “protest behavior” prevents them from listening to parental advice. Then the child’s ability to independently assess their own risks becomes critically important.
Risk management strategies
After assessing the risks, we move on to the third step – determining how we will deal with our risks. There are four main strategies in business risk management: risk avoidance, risk acceptance, risk reduction, risk transfer. Let’s examine each of them using real-life examples.
Strategy 1. Risk avoidance
Risk avoidance is adjusting our behavior in a way benefits of c-commerce for brands and entrepreneurs that reduces the likelihood of a risky event occurring. For example, to reduce the risk of getting into a car accident, we should update our knowledge of traffic rules, follow them, and never exceed the speed limit. Another example: to reduce the risk of losing money to scammers, we should learn the rules of financial and cybersecurity security and avoid questionable actions.
You can explain to your child the risk-avoidance strategy on the same expensive gadget or toy we talked about earlier. To reduce the likelihood of damage or loss, don’t take it with you to school or the playground.
This strategy is good to apply to risks that have a aub directory sufficiently high probability of occurrence – to reduce it.
Strategy 2. Risk Reduction
Risk reduction is taking measures that will help reduce the consequences of its occurrence. For example, regular health check-ups. After all, detecting a disease at an early stage can reduce both health damage and treatment costs.
