Sadly, in the modern international business environment, bribery trouble has become a fact of life. Often its considered as the cost of doing business. Corruption is ubiquitous and persistent across much of the globe. In many places it is woven into the fabric of society. It should go without saying but payoffs, bribes or gifts […]
Proper financial planning takes into account the whole picture and not just a piece. Part of a financial plan is looking at risk capacity. Wisely created and finely executed financial plan helps to achieve financial goals and keeps your future financially secured.
Risk management is about preparing beyond the known risks. Planning for unknown events and market conditions that unfold before you as an entrepreneur is the purpose of risk management. It is necessary that a plan must have these 5 crucial characteristics of risk management in them to avoid any potential pitfalls.