Risk Management

4 Major Factors That Contribute to the Success of Your Small Business

While all small businesses start with a dream, only some of them successfully achieve it. Others turn into a nightmare when the first obstacles and challenges start to occur, and they never succeed to surpass them. Although the personal traits of the owner and their financial and professional backgrounds differ, there are certain things small businesses that succeed have in … [Read more...]

Startups: A Guide To Risk Management

Startups and medium-sized businesses are known to be critical aspects of any economy. However, these are vulnerable to risks because they are innovative by nature, meaning they are exposed to high levels of dynamicity and uncertainty. Unforeseen situations in the enterprise industry can open avenues for severe loss exposure, including the financial crisis, bankruptcy and … [Read more...]

How to Increase Profit for a Small Business

In the business world, constantly trying to increase your profit is the name of the game. Simply put, if your business is not profitable, there’s not much sense in running it. The profitability of your business endeavor will either make you or break you. As a small business owner, you need to understand that sales alone aren’t indicative of your business’ success; instead, … [Read more...]