We are based out of Bangalore

anil@smeadvisors.in

Email ID

+91 9980056025

Office

Mon-Sat: 10 am to 7 pm

Sunday Closed
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A SME is Exposed to Financial Risks all the Time

When your company is doing well, revenue is pouring in, and your profit is rising, how can you tell which of your practices, approaches, beliefs, strategies will not turn riskier into future?

Many entrepreneurs are constantly afraid that they may make a mistake once attaining a certain level of success.

 

SMEs are exposed to risks all the time. Such risks can directly affect day-to-day operations, diminish revenue or increase expenses. Their impact may be serious enough for the business to fail as many businesses survive on the thin margins. Still, many businesses overlook or ignore such risks – a fatal mistake.

 

We assist in an independent assessment of risks. It is distressing to see that many entrepreneurs are suffering due to fraudulent acts, unsatisfactory internal control, lacking to grasp the trends in industry, operating environment, etc.

ERM Framework

The impact of risk is not equal and the frequency of occurrence may not be same. Some risks may not be significant enough to attend to. Hence it is necessary to have a clear understanding of risks and the managements’ response strategy. ERM (Enterprisewide Risk Management Framework) is a necessary part for an enterprise that include:

 

Avoidance: Exiting the activities giving rise to the risk

 

Reduction: Taking action to reduce the likelihood or impact related to the risk

 

Alternative Actions: Deciding and considering other feasible steps to minimize risks

 

Share or Insure: Transferring or sharing a portion of the risk, to finance it

 

Accept: No action is taken, due to a cost/benefit decision

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Our Services

 

Build Risk Inventory covering industry, strategy, management, marketing, human resource, finance, business process, market, compliance etc

 

Advising on mitigating the risks identified including bringing in Improvements and finding solutions

 

De-risking through appropriate Insurance products.

 

Introducing Internal Audit Practice to keep oversight

Potential Risks

We assist in Identifying Financial Risks for the Present & Future

Magnitude of Impact

Analysing the Risks for likelihood and Magnitude of Impact

Risk Mitigation

We assist to mitigate the impact through various measures

Risk Management is the way for every SME to secure a sustainable future for their business, protecting the assets thereoff and defending against any liabilities that may accrue in the future.

 

This will make entrepreneurial journey risk-free and stress-less.

Find the Solution That Best Fits Your Business