By Dave Donovan Considering that around half of all businesses no longer exist after five years, risk mitigation should be a crucial aspect of any new venture's strategy. But which risks do you have to watch out for the most? Here are the ten most common risk factors that can kill a startup before it finds [...]
Understanding Corporate Families and Relationships A company often comprises multiple divisions and subsidiaries. Taken together, these elements of a business are known as a corporate family. It can be useful for business owners to familiarize themselves with how vendors and customers fit into larger corporate families. The infographic below is intended to help decision makers [...]
Understanding Your D&B® Credit Limit Recommendations Your vendors are running businesses, too. When you ask them to extend trade credit, borrowing is a business decision for you and lending is a business decision for them. Understanding what your vendors see when they check your business credit file can help you better plan and negotiate when [...]
Employees who perpetrate business fraud can damage your reputation & balance sheet. Here are 5 of their favorite schemes & steps to help protect you.
Compliance for Small Businesses Compliance concerns affect companies of all sizes, but adhering to regulations and laws can be especially challenging for small businesses. These companies may not have the resources to hire dedicated compliance officers, so owners often find themselves trying to navigate such issues on their own. Key compliance issues are outlined below, [...]
New business owners need to understand the risks facing their companies. Learn from other peoples’ mistakes by reviewing these business vulnerabilities.
These days, one might think that a cash-handling small business is a dinosaur, given how popular debit and credit cards have become among American consumers. But don’t be fooled – cash is still king when it comes to buying stuff. Yet for all of the effort put into ensuring business owners are aware of the [...]
Small businesses aren’t immune to risk. Business owners can help protect their companies by crafting a sensible enterprise risk management strategy.
Setting clear credit policies & internal practices can reduce the risk of being stuck with a bad business debt. Learn how to protect your bottom line.
Many successful businesses were founded by best friends, but there are unique challenges to this arrangement. How can you tell if partnering is a good idea?