You Have Identified a Risk -- What Now?

Managers have a lot to consider when determining the best course of action to minimize potential risks.

Most fitness facility managers should be able to identify the risks facing their fitness center. The question is, what do you do about a risk once it is identified? Whether it be a property exposure, liability for negligence or otherwise, or regarding business operations, management must determine the extent of the risk by examining the following: 1) its potential severity (possible impact on the corporation functioning and possible seriousness of a resulting injury), and 2) the likelihood of the risk or injury occurring. After determining the extent of the risk, four control approaches are available.

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