Risk management for entrepreneurs

Sanaz Pournasseh, Business, Corporate and Estate Planning Lawyer, Nelligan O’Brien Payne

Starting a small business is no small feat. Many entrepreneurs spend immeasurable time and money developing a good business plan that is fitting for their prospective business. However, the management of risk is often overlooked by entrepreneurs who mistakenly believe that the loss is best dealt with once it has materialized. Risk refers to a possible loss or other adverse advent that has the potential to interfere with the financial stability of a business. Risk management is the ability to address the risk in order to minimize its affect on the business. If effectively managed, the impact of the loss on the business will be minimal. Read the full article here.