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<v Speaker 1>Helping leaders motivate their people to a higher level of

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<v Speaker 1>performance through strong human relations, team building, and golajieving. This

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<v Speaker 1>is the seven Minute Leadership Podcast with your host Paul Fellovledo.

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<v Speaker 2>Hello everyone, and welcome to the seven Minute Leadership Podcast.

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<v Speaker 2>It's episode two eighty two, and today we're talking about

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<v Speaker 2>something every leader needs to take seriously, risk management. Preparing

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<v Speaker 2>for the unknown in business, no matter what industry you're in,

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<v Speaker 2>risks are everywhere. Some are predictable, some come out of nowhere,

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<v Speaker 2>and others could have been avoided with the right planning.

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<v Speaker 2>The best leaders don't wait for disaster to strike. They

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<v Speaker 2>anticipate risks, prepare for them, and create strategies to minimize

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<v Speaker 2>their impact. So let's start with a simple truth. Ignoring

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<v Speaker 2>risk doesn't make it go away. It only makes you

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<v Speaker 2>more vulnerable when something happens. Think about businesses that didn't

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<v Speaker 2>prepare for supply chain disruptions, cyber attacks, or economic downturns.

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<v Speaker 2>When the unexpected hit, some scramble to recover, while others,

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<v Speaker 2>those with solid risk management plans, were able to navigate

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<v Speaker 2>the storm and come out stronger. In the EMS world,

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<v Speaker 2>in my world, we're constantly dealing with unpredictable events a

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<v Speaker 2>sudden increase in nine to one one calls, vehicle breakdowns,

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<v Speaker 2>or budget cuts can throw everything off balance. But when

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<v Speaker 2>you've planned for these scenarios, they don't turn into a

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<v Speaker 2>full blown crisis. And one of the biggest mistakes leaders

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<v Speaker 2>make is assuming risk management is just about reacting. But

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<v Speaker 2>the most effective approach is proactive risk management. And here's

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<v Speaker 2>how you can start identifying risks before they hit. Look

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<v Speaker 2>at past what issues have disrupted your business before, what

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<v Speaker 2>trends are emerging in your industry, and engage your team.

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<v Speaker 2>Your frontline employees often see risks before upper management does.

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<v Speaker 2>Make it part of your culture to encourage them to

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<v Speaker 2>speak up. In conduct scenario planning, ask yourself what's the

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<v Speaker 2>worst thing that could happen, then build a plan for

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<v Speaker 2>that scenario. A strong risk management plan has three key

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<v Speaker 2>elements prevention, response, and recovery. So when we talk about prevention,

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<v Speaker 2>what steps can you take to reduce the likelihood of

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<v Speaker 2>a problem happening? For example, regular vehicle maintenance in like

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<v Speaker 2>I said, EMS can prevent costly breakdowns at the worst time.

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<v Speaker 2>In response, if something goes wrong, what's the immediate action plan?

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<v Speaker 2>Who's responsible? For handling this situation In recovery, how do

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<v Speaker 2>you minimize damage and get back to full operation as

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<v Speaker 2>quickly as possible. Businesses fail because they often focus on response,

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<v Speaker 2>ignoring prevention and recovery. You need all three to manage

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<v Speaker 2>risk effectively. And when we talk about the role of

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<v Speaker 2>leadership and risk management, leaders set the tone when it

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<v Speaker 2>comes to risk. If you treat risk management as an afterthought,

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<v Speaker 2>your team will too. But if you prioritize preparation and accountability,

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<v Speaker 2>you create a culture where problems are identified and addressed early.

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<v Speaker 2>In some practical steps that you can take today, conduct

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<v Speaker 2>a risk assessment for your business. Identify the top three

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<v Speaker 2>risks you face and start developing action plans and schedule

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<v Speaker 2>regular check ins to discuss potential risks with your leadership team,

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<v Speaker 2>and invest in training, whether it's emergency preparedness, cybersecurity awareness,

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<v Speaker 2>or financial planning, to make your organization more resilient. So

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<v Speaker 2>this is a big deal and every leader needs to

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<v Speaker 2>take it seriously. Risk management isn't about living in fear

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<v Speaker 2>of what could go wrong. It's about leading with confidence,

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<v Speaker 2>knowing that you're prepared for whatever comes your way. Businesses

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<v Speaker 2>that take risk management seriously don't just survive, they thrive

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<v Speaker 2>because they're ready for the unexpected. So my challenge for you,

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<v Speaker 2>what's one risk your organization is not prepared for. Write

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<v Speaker 2>it down and then ask the same question to the

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<v Speaker 2>rest of your team, Compare answers, and then take the

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<v Speaker 2>first step today to build a plan and strengthen your

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<v Speaker 2>leadership and your business for the unexpected. This has been

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<v Speaker 2>the seven Minute Leadership Podcast and I thank you for listening.

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<v Speaker 1>For more Paul Fell of Alito Podcasts, visit paulfellowalito dot com.