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.