Identifying business risks as an entrepreneur is one of the most important things that you can do when running a business. Since risk takes many forms and can range from a minor issue to something that can threaten the life of the business itself, it pays to know how to point out risks of all flavors and address them accordingly.
But what can you, someone who doesn’t have the benefit of years of experience in running a business, do in order to find that risk and make sure that it doesn’t threaten your company? This post will explore your options in identifying business risks and show you just how to be prepared for action when you do expose risk. Let’s get started.
Manny Skevofilax is a consultant and speaker that helps his clients successfully navigate the challenges of growing their businesses profitably. Since 2003, Manny helps businesses enhance their results by using his experience in strategic planning, financial statement analysis, operations, organizational development, and team-building. His consulting firm, PORTAL CFO Consulting, Inc., has attracted clients from diverse industries in the United States and abroad.
Manny can be reached at 410-808-3441 or via email at manny@portalcfo.com.