Monday, March 31, 2008

Potential Risks

There are some potential risks that our business might have to face, some of these risks are:
- Some businesses might not like our idea
- Some people won't wear the T-shirt
- We might not get sufficient sponsorship to produce our product

In order to manage these potential risks we have thought of possible solutions to solve the problem:
- In the case that a business is not willing to give money for our product we will evaluate what we did wrong in our sales pitch and then we will go to another company and try again.
- We will do a monthly draw each month to ensure that the people who receive the T-shirts will wear them.
- In the instance that no companies are prepared to pay for sponsorship we will confront the companies again with a lower sponsorship proposal.

Wira contributed the information in this blog.

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