Risk management is a process that involves identifying, assessing, and responding to potential events that could negatively impact your esports club. By understanding the likelihood and potential consequences of these events, informed decisions can be made to minimise harm and maximise opportunities.
Effective risk management is not simply about avoiding all risks, but rather about making informed decisions about which risks to accept, mitigate, or transfer. This involves a continuous cycle of monitoring and review, as new risks emerge and existing ones evolve. Ultimately, the goal of risk management is to enhance the likelihood of success and protect against potential losses.
Our guides take you through some of the areas involved in risk management.