risk management

10 key decisions for business owners

Key decision 5 - How will you reduce your risk?

As a business owner, you’ve worked hard to accumulate your assets, so it is important to take precautions to protect them from risk. Following are some strategies that may help.

Protect personal assets

For those whose fiscal year follows the calendar, a new year beckons.

So back in the summer, when it was nice and warm - remember that - I decided to mow my own lawn.  I was really enjoying myself, feeling very productive and happy as I zipped through the back and side lawns.  But unfortunately the grass on my front lawn had grown so tall and thick that it choked my poor electric old mower into submission. It just stopped dead.