It is practically impossible to eliminate all risks that exist in a business environment no matter the model you choose to employ. To reduce these risks, some entrepreneurs prefer a limited company where the liability is non-personal. With it, a customer suing for damages, for … [Read more...]
Tips for Setting Up a High Risk Small Business
Setting up a small business is no small job, coming with a huge range of responsibilities for owners and entrepreneurs to take into consideration. From carrying out initial research to drawing up your business plan, getting financing, organizing your marketing campaigns, and … [Read more...]
Using Risk Management When Planning Your Small Business
It’s no secret that 90% of startups fail. Among the main reasons for this high failure rate is the poor risk management practices implemented by leaders. For your startup to succeed, you need to know how to balance risks and profitability. While you might want to keep risks at … [Read more...]
3 Impressive Benefits of Captive Insurance Companies
Are you considering setting up a captive insurance company? If yes, it’s clear you’re looking for a way to manage the risks your business is facing. You’re onto an effective solution, no doubt. A captive insurance company is just what it sounds: an insurance company. … [Read more...]
Manage Business Risks With These 6 Effective Approaches
Your business needs to be protected from both internal threats, of which you can have control and external risks over which you have no control. Internal risks include such things as information breach, insurance lack, non-compliance, and uncontrolled growth. External risks … [Read more...]
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