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Kunal Insa

Let's build somethin... • 3m

Loss Management in Business 1. Risk Assessment: Identify and evaluate potential risks. 2. Cost Control: Manage expenses to reduce unnecessary costs. 3. Insurance Coverage: Protect against unforeseen events. 4. Quality Management: Ensure high product/service standards. 5. Diversification: Spread business risks across products or markets. 6. Inventory Management: Avoid overstocking or understocking. 7. Legal Compliance: Follow laws to avoid fines or lawsuits. 8. Financial Planning: Budgeting and maintaining cash reserves. 9. Employee Training: Reduce mistakes through proper training. 10. Customer Service: Retain customers and reduce revenue loss

4 replies5 likes

Replies (4)

Anonymous 2

Hey I am on Medial • 3m

Solid foundation, thanks for this list bhai

1 replies1 like

Anonymous 3

Hey I am on Medial • 3m

Best thing to do is to periodically review and adapt these strategies as markets and risks evolve. Staying proactive beats being reactive in loss management

0 replies1 like

Anonymous 1

Hey I am on Medial • 3m

I think day one pe only focus should be on sales sales and more sales then start working on these things

0 replies

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