Women Owned

Six-part Financial Series for Small Business Owners Small business owners may be well versed in the technical and procedural aspects of their businesses; however, they often lack sufficient knowledge of the financial aspects of their businesses. As a result, many small businesses fail. These failures are not because the small business owner is not a talented practitioner of his or her trade or profession but because he or she is ill-equipped to handle the day-to-day financial aspects of the business. The purpose of this six-part series is to provide small business owners or entrepreneurs considering establishing a small business with a basic understanding of the financial aspects of running a small business. (See other segment details for series modules at the bottom of the page) Risk Management is the systematic process of identifying, analyzing, and taking action to mitigate potential threats or uncertainties that could negatively impact a company’s operations, finances, or reputation, by assessing the likelihood and potential impact of these risks and developing strategies to minimize harm while monitoring their effectiveness. By proactively preparing for risk, businesses can take steps to minimize their damage. After you complete the Risk Management web meeting, you will understand: Identify the common […]