Category: Risk Management
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The Crucial Role of Financial Reports in a Turnaround
During business turnarounds, financial reports are often the one factor that will decide the success or failure of the efforts taken. Lets have a look at WHY financial reporting can be the deciding variable of your turnaround strategy. 1. Real-Time Assessment: Financial reports provide real-time insights into your company’s financial…
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5 Biggest Mistakes Business Owners Make During a Turnaround
Turnarounds can be challenging, but they are possible with careful planning and execution. However, there are a number of mistakes that business owners can make during a turnaround, which can derail the process and make it more difficult to achieve success. Here are five of the biggest mistakes that business…
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Building Financial Resilience: A Must for Business Owners
What if you could weather any financial storm and keep your business afloat? The world is becoming increasingly unpredictable, and businesses are facing more financial challenges than ever before. From recessions to natural disasters to pandemics, there are many things that can disrupt a business’s finances. By building financial resilience,…
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Managing Risks Wisely: A Business Owner’s Guide
Let us start with a small story. In the bustling heart of the city, a small bakery called “Bread & Bliss” once thrived. It was a charming place, known for its delectable pastries and warm ambiance. The owner, had poured her heart and savings into the venture. Business was booming,…
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Detecting Frauds in Your Business – the early signals
Fraud is a serious threat to any business, but it can be especially devastating for small businesses. That’s why it’s important for small business owners to be aware of the early signals of fraud and to take steps to protect their businesses. Here are some of the early signals of…
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Behavioral Economics and Small Businesses
Today we will talk about behavioral economics and how it can help your business. Behavioral economics is a field of study that examines the psychological factors that influence economic decision-making. It studies how people actually behave, rather than how they are assumed to behave in traditional economic models. Here’s a…
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Solving Business Challenges Through Financial Management
Hello, Running a business is like navigating a constantly changing landscape filled with challenges and opportunities. Many of these challenges can be effectively addressed through astute financial management. In this article, we’ll explore how you can leverage financial strategies to tackle common business challenges and steer your enterprise towards success.…
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When to Part Ways: Dropping a Client or Product Line
Hello, In the journey of business ownership, one of the toughest decisions you might face is whether to continue working with a particular client or to discontinue a product line. This choice can significantly impact the health and direction of your business. In this article, we’ll explore the critical factors…
Dev Maheshwari Group 