Tag: Risk Management

Businesses must navigate a multitude of risks daily. While large companies tend to have dedicated “risk management” departments, which monitor threats to profitability, among SMBs, risk management often begins and ends with physical risks, including those posed by work health and safety hazards. But what of the risk of competition, market conditions, cyber security breaches and emerging industry disrupters? SMBs can’t afford to take these risks for granted, […]

In the modern business world, change happens so quickly that if you haven’t got your eyes on the game, you can be quickly thrown out of it. As a business owner, you need to evolve and shift with the times and trends, or risk getting left behind. So if you want to play a bigger […]

Many business owners shy away from taking their own enterprise to the next level. Expansion can be hard and it involves risk. However, there are a number of options that business owners should consider as they move forward. Not all of them work for every business. A shrewd entrepreneur should find the solution that works […]

If you want investors to be confident in financing your business, show them you know the risks your business is up against and are working to avoid them. Here are five ways to get started.

Small businesses should not wait until there is a major issue to contend with. They need to plan for it and rest easy when it doesn’t eventuate.

For the most part, businesses run well, employees love their job, and employers are good people. But when it goes wrong, it can go badly wrong for both. The threat of legal action has greater consequences than you think – let’s put it in perspective.

The role of an SMB owner is wide-ranging and understated: CEO, general manager, accountant, HR manager, and marketer. Without the luxuries afforded to a larger organisation – such as having a risk management team – small business owners need to self-manage all risk scenarios and shortcomings in-house.

Why did small businesses go bankrupt in this downturn? They didn’t plan for catastrophe. Here’s a guide to the risks your business should consider and plan for to thrive no matter what.

Businesses are becoming complacent when it comes to their duty of care towards employees required to travel for work, a new study has found.

A great deal of the literature around credit focuses on helping struggling debtors, so as businesses and creditors we often forget that giving credit where it isn’t due is an early part of the problem. Here’s three credit management best practices every business can follow to protect cashflow.