RISK ANALYSIS is about the business threats analysis.every trheat has risk to the business.the risk depends on the probality to occur.the risk control activities and the lost of company assets.
The conducting RISK ANALYSIS has some objectives that must be achieved,as following as:
1. To indentify the company theats .
2. To estimate the risk of probality occur.
3. To indentify the lost of company assets if the threat really happens.
4. To indentify the effective cost to mitigate the risk.
5. To recommend and implement the addition control if necessary.
Every risk must be controlled.the company needs an extra cost to control,but this extra cost will give extra benefit to the company as reduced lost of company assets because of disaster,the need of risk control depends on benefit cos analysis.if the benefit is more than the cost,the control must be activated.
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Showing posts with label business. Show all posts
Showing posts with label business. Show all posts
Sunday, November 7, 2010
Saturday, November 6, 2010
Ten Things to Think About: Picking a Business Form
1. Cost. A sole proprietorship or general partnership can be set up very inexpensively. A limited partnership and a limited liability company are more expensive to set up. Setting up a corporation can be a very expensive undertaking.
2. Ease. A sole proprietorship is easy to set up; sometimes all it takes is opening up a business checking account. Similarly, a general partnership is easy to set up, although a partnership agreement is something that the partners should create prior to beginning operations. A limited partnership, limited liability company, and corporation involve more work. Since all three entities must be recognized by the state, it is important to adhere strictly to the state requirements or run the risk of losing the advantages that the particular business entity provides.
3. Termination. Some business entities automatically terminate upon such events as death, the withdrawal of a partner, or even divorce. In addition, some businesses are allowed to exist only for a state-mandated period of time.
4. Public Information. How much information do you want the public to know about your business and finances? A corporation is required to provide much more information to the state, which is then available to the public, than a limited liability company or a limited partnership. Sole proprietorships and general partnerships offer the individuals involved a great deal of privacy.
5. Risk. If the business involves a great deal of risk a sole proprietorship or general partnership may be a bad idea because the owner and general partners are personally liable for the business debts and obligations.
6. Operation. The form of the business entity may dictate how it is operated. If you want total control, a sole proprietorship provides the businessperson the greatest degree of control (and the greatest degree of potential risk).
7. Capitalization. An undercapitalized business may result in a loss of protection provided by the business entity. In addition, some business forms make it easier to raise capital when it is needed.
8. Selling. A sole proprietorship is easy to sell; usually you sell the assets of the business, and your business ceases to exist. Selling a partnership interest or a member's interest in a limited liability company can be tricky because it requires approval of the other partners or members.
9. State Taxes. Some states have begun to levy taxes on the business entity itself. This is becoming a big issue with limited liability companies. You should know whether your state will tax your business entity before setting it up.
10. Expansion. Every entrepreneur wants to be as successful as possible. Some business entities are limited to the number of shareholders they may have. A sole proprietorship ceases to exist the moment the sole proprietor takes on a partner. It is important to choose a business form that allows you the greatest room to grow if that is what you envision. Although the business form may be changed, this involves additional expense and energy.
2. Ease. A sole proprietorship is easy to set up; sometimes all it takes is opening up a business checking account. Similarly, a general partnership is easy to set up, although a partnership agreement is something that the partners should create prior to beginning operations. A limited partnership, limited liability company, and corporation involve more work. Since all three entities must be recognized by the state, it is important to adhere strictly to the state requirements or run the risk of losing the advantages that the particular business entity provides.
3. Termination. Some business entities automatically terminate upon such events as death, the withdrawal of a partner, or even divorce. In addition, some businesses are allowed to exist only for a state-mandated period of time.
4. Public Information. How much information do you want the public to know about your business and finances? A corporation is required to provide much more information to the state, which is then available to the public, than a limited liability company or a limited partnership. Sole proprietorships and general partnerships offer the individuals involved a great deal of privacy.
5. Risk. If the business involves a great deal of risk a sole proprietorship or general partnership may be a bad idea because the owner and general partners are personally liable for the business debts and obligations.
6. Operation. The form of the business entity may dictate how it is operated. If you want total control, a sole proprietorship provides the businessperson the greatest degree of control (and the greatest degree of potential risk).
7. Capitalization. An undercapitalized business may result in a loss of protection provided by the business entity. In addition, some business forms make it easier to raise capital when it is needed.
8. Selling. A sole proprietorship is easy to sell; usually you sell the assets of the business, and your business ceases to exist. Selling a partnership interest or a member's interest in a limited liability company can be tricky because it requires approval of the other partners or members.
9. State Taxes. Some states have begun to levy taxes on the business entity itself. This is becoming a big issue with limited liability companies. You should know whether your state will tax your business entity before setting it up.
10. Expansion. Every entrepreneur wants to be as successful as possible. Some business entities are limited to the number of shareholders they may have. A sole proprietorship ceases to exist the moment the sole proprietor takes on a partner. It is important to choose a business form that allows you the greatest room to grow if that is what you envision. Although the business form may be changed, this involves additional expense and energy.
Sunday, June 7, 2009
business impact analysis
Business Impact Analysis about analysis of disaster that impact to the BUSINESS.The impact can be financial impact,legal impact,image impact and guality impact.This analysis will explain about the key business process that must be recovered because of disaster and the time to recover the key business.
The coducting business impact analysis has some objectives that must be achieved,as following as:
1. To measure the impact of disaster.
2. To define the business process,business function,department and work area that become critical to the business.
3. To determine application system,data and telecommunication that becomes critical to the business.
4. To define the time to recover the busines.
Every department has different impact of disaster,and also different recovery time.if the business process bas big impact and has short recovery time,this business process must be critical to the business.this business process will be the number priority in BUSINESS CONTINUITY PLANNING.
The coducting business impact analysis has some objectives that must be achieved,as following as:
1. To measure the impact of disaster.
2. To define the business process,business function,department and work area that become critical to the business.
3. To determine application system,data and telecommunication that becomes critical to the business.
4. To define the time to recover the busines.
Every department has different impact of disaster,and also different recovery time.if the business process bas big impact and has short recovery time,this business process must be critical to the business.this business process will be the number priority in BUSINESS CONTINUITY PLANNING.
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