When it comes to risk and risk management, most entrepreneurs and small business owners don’t seem to have the grasp on it that they should. Many small businesses today are operating without a business plan. Your business plan is the…
The lifeblood of every entrepreneurial endeavor or small business is cash. Whether it be attainable cash flow or whether it be investors, your dream, your company, depends on it. Your risk management policies, as well as your overall risk profile,…
Every entrepreneur and small business owner understands risk and the importance of risk management. But how many of you have the time to dedicate to it? Sadly, for most entrepreneurs and small business owners, risk assessment and prevention is forever…
Like most entrepreneurs and small business owners, you have little free time and, basically, no life. But, that’s just fine with you. You are your own boss. You are living the dream. You are fearless. But, what about your risks?…
As has been mentioned before, much of your risk management can be isolated into four major groups. Your first three categories are inherently manageable for you and your small business. They can range from anything like your printer breaking down…
The statistics are rather harsh and gloomy. According to the Small Business Administration, only 4 out of every 10 business ventures survive longer than four years. These stats are just for start ups. What about small businesses with employees? The…
There can be so many distractions for the entrepreneur and small business owner everyday that, quite often, the big picture can be lost. Your big picture, both your entrepreneurial vision as well as your risk management strategies, can become clouded…
Being proactive with regard to anything is, generally, an excellent rule of thumb. When it comes to your economic survival, and the survival of your business and family, being proactive is an absolute imperative. Being proactive with regard to your…
Managing your risk has never become more important than it is today. Since the Crash of ’09, the world has shifted and there is, now, danger and uncertainty lurking everywhere. As a result of the present global economic climate, a…