04/21/2018

Four Decisions That Can Unexpectedly Become Costly Business Risks

Often, risk-taking is advisable and can aid your business - but not always

Even big, established companies can sometimes take questionable business risks—as you already know if you've ever heard a news report about a well-known company declaring bankruptcy or struggling with low sales.

Some decisions that upset a stable company are pretty obvious. Taking on a lot of debt can bankrupt a business; not training your employees is another obvious risk. You also can expose yourself to business risks if you don't check references when you hire employees or contract workers, like an accountant.

Yet, many companies take on strategies that don't appear chancy and still find themselves on a possible path to a premature end.

Please select this link to read the complete article from American Express Open Forum.