The fine line between total loss and sustainability is a measure of the risk a business possesses. Entrepreneurs take up business risks in expectations for future gains and rewards. This means that all companies, regardless of their industry or operational nature, are continually exposed to financial risk. Unforeseen expenditures or unaccounted financial burdens are ordinary in every small and large business. While some industries may be less risky than others, unfortunate events are common occurrences and can have devastating consequences on one’s business. What should business owners do to protect…
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