If a risk-averse small business owner can't reduce the level of risk to where they are comfortable,they can either insure against future losses or ________.

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Spreading the risk among other people or businesses, also known as risk-sharing, is a common strategy used to reduce the potential impact of a loss. This can be done by partnering with other businesses or investors, diversifying the company's products or services, or creating a network of suppliers and customers who can help absorb the impact of a loss. Insuring against future losses is also a good option for reducing risk, as it can provide financial protection and peace of mind to the business owner. Choosing a source of capital investment, as well as preparing for the worst-case scenarios such as a natural disaster, can also be helpful steps in reducing risk. However, ignoring regulatory changes and enforcement is not a viable option and can result in legal and financial consequences for the business owner.

If a Risk-Averse Small Business Owner Can't Reduce the Level