I read a blog post titled, How a Risk Manager Could Help Your Business where the author makes the point that any small business could benefit from a well trained risk manager.
I agree.
Well trained risk managers could work for any small business to clean its toilets, to operate its forklifts or slice meats at its deli counter. It’s just not very likely that your overqualified risk manager will actually be hired by your small business to manage risks.
The blogger at ReadyInsuranceNewsletters.com submit that small businesses should consult a risk management professional because “big business entities routinely invest in the services of a risk management”.
True dat.
But as we learned from the comments of my post, Where are all the Risk Management Jobs, there really aren’t that many risk management jobs or better said, people willing to pay for it. So you’ll find great risk managers working at the Best Western in Scottsdale, the Home Depot in Battle Creek and the A&P in some other third place. (Of course there are some risk jobs, albeit not enough to make most of us independently wealthy.)
I submit that the only small businesses currently employing risk managers are those that were more recently big businesses. They are now small because some one-time-uncertainty that they never bothered to identify, assess and treat manifested itself like a bat out of hell into an issue and shaved billions of dollars off the market cap. So now they’re a small business.