As your business grows, managing your company’s risks becomes paramount. Organizations can face risks on many fronts:
- Financial risks include the possibility of rising interest rates, weakening foreign exchange rates, deteriorating credit, or the overall decline of the organization’s financial performance.
- Operational risks include supply chain disruption, manufacturing under-performance, financial losses due to poor internal controls, and failure due to insufficient infrastructure (e.g. IT).
- External hazard risks include physical damage to company facilities and other business disruptions.
- Strategic risks include decisions about expansions (product-line, geographic, and capital), spin-offs, acquisitions (due diligence).
Veorum’s Fractional CFO Services can assist you in managing these risks and keeping you on track.