September 18, 2022

What is an Example of a Credit Policy?

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.
August 16, 2022

How Do You Reduce Startup Business Risks in the Early Stages?

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?
April 22, 2022

How Do You Manage Business and Personal Finances?

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?
December 2, 2021

How Do You Keep Business and Personal Finances Separate?

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 personal finances separate?
August 26, 2021

Why is Data Analytics Important in Risk Management?

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?
April 1, 2020

What Is the Difference Between Crisis and 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.
August 26, 2019

What Financial Mistakes Put Business at Risk?

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?
June 21, 2019

How to Use a Risk Assessment Matrix for Project Management

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.