You are a small business owner and you recently opened a restaurant in a newly renovated area of your hometown. One of your co-owners recently asked you what your risk mitigation plan was and you didn’t have an answer so you did some research on the subject.
Answer the following questions in a 200- to 350-word response:
- 1.What is a risk mitigation plan?
- 2.In the restaurant industry, what are some of the areas of concern?
- 3.How might this be different for another type of small business?
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