Stages of Risk

Imagine you run a small business – a Pizza place for example. You have run the business for a few years, you understand the drivers, you’ve negotiated the best deals from your suppliers, you know about staffing, training, and how to give great service with a product people want to buy. You understand your customers and you know where they come from to eat at your restaurant. You hear of some suitable premises which are available two towns away. You think it might be time to expand and run two restaurants instead of one.