business risk

In today’s rapidly changing business landscape, having a well-defined set of accounting policies and procedures is crucial for organizations of all sizes. An accounting policies and procedures manual serves as a roadmap for the accounting internal control of your financial operations, ensuring consistency, accuracy, and compliance. In this article, we will delve into the key […]

Mistakes are an inevitable part of running a business. It is a common practice that a business faces a drawback due to an unpredictable financial mistake. Some blame it on ignorance, some on lack of professional guidance, while others are simply trying to find someone to blame. What financial mistakes put business at risk?

Giving your customers credit is like lending them cash. Internal control should include credit policy and processes just like it covers how cash is handled.

Startup business risks and entrepreneurship often go together. After all, building a business involves fulfilling a need with unique solutions, and no solutions can be created successfully without trial, error, and continuous testing. How do you reduce startup business risks in the early stages?

Running a successful company puts a lot of pressure on the business owners to deliver recurring cash flow that can be counted on at home. How do you manage business and personal finance?

One of the biggest financial mistakes that put businesses at risk is by mingling their personal and business finances. As a business owner, you don’t want to open yourself to liability or fall further into debt due to poor money management by letting your business and personal expenses mix. How do you keep business and […]

Data analytics is the birthplace of great business practices in the 21st century. The marriage of hardline data and influential business intelligence insights means a level of awareness and reactivity for businesses that was never before possible. Learn the answers to why is data analytics important in risk management?

Correcting a problem isn’t as good as…taking steps to prevent its recurrence. But, making sure a problem doesn’t recur isn’t as good as preventing it from occurring.

96% of startups fail before they get to the ten-year mark, according to Inc.com. In most cases, their failure trickles down to one vital question; what could go wrong? Those who look for answers to this question early enough manage to protect their business from common risks and create the best atmosphere for its growth.