Answers these questions: Imagine you're assessing a local suburban Pizzeria
Growth Risk Assessment
1. Why should we grow
2. How will we grow
3. How much should we grow
4. How much growth can we afford
5. Do we have enough (and the right kind-skills and talent) people
6. Do our hiring and training processes position us to grow successfully (do we have these processes?)
7. Do we have adequate controls?
Financial
Operational/Quality
Risk Management
8. Because there will be risks…how will growth create risks to our
–Culture
–Customer Service/Experience
–Supply Chain-materials sourcing, pricing, and supply chain partners
–Cash flow
–Distribution and delivery
–Financial “cushion”
10. How do we mitigate/manage our risks
11. Do we have sufficient operational insight/data to understand and manage when/where risk occurs
12. Who can help us understand, measure and monitor our risks
13. Do we need to grow at a gradual pace?