POSTS TAGGED : business threats

5 Potential Business Threats About Which You Should Know

If you’re running a business, you know that it’s seldom easy. Virtually every day, you have to deal with various challenges, and there seem to be more of them than ever this year. The pandemic has thrown many different industries into chaos, and companies big and small are adjusting their strategies to stay afloat.

Analyzing small business problems

Let’s take a little time to talk about a few of the most prominent business threats that you might encounter this year. We’ll also discuss how you can combat them.

Vendor Risks

If we’re talking about your business’s computer network, your vendors are the entities you use as:

  • Service providers
  • IT suppliers

You can research them before you reach out to them, and that’s certainly something you should always do.…

Continue reading →

What Dangers and Risks do SMEs Face?

Any small business runs the risk of failing through any number of reasons. Whether it is mismanagement or changing market conditions, lack of capital or poor business decisions, the corporate world is a minefield for those just stepping out.

Yet it’s not only small operations which can run into trouble out on the business battlefield. Even the most well run company operating in favourable economic times will face dangers and risks that can prove costly and sometimes have catastrophic consequences on their success.

Taking business risks

The general idea of ‘risk’ is something that everybody who runs their own business is familiar with but depending on the specific area of operations these threats can differ greatly.…

Continue reading →