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Risk, Resilience, and the SME Survival Blueprint: A Guide to Enterprise Risk Management
Risk Management The fundamental truth of life and business is that a risk-free environment simply does not exist. Individuals, small enterprises, and global organizations alike constantly face threats—from market volatility and technological disruption to natural disasters and, as we recently learned, worldwide pandemics—that endanger their livelihoods, sustainability, and continuity. Risk is the ever-present shadow, a situation…
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Internal Controls: Using the Fraud Triangle to Secure Your Small Accounting Practice
In the world of business, fraud is a constant, expensive threat. It’s often not the hardened criminal who commits the deception, but a trusted employee who makes a desperate choice. To prevent fraud, you first need to understand the psychology behind it. That’s where the Fraud Triangle comes in. Developed by criminologist Donald Cressey, the…
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Your Roadmap to Success: A Guide to Writing a Business Plan
Drafting a business plan is a crucial step for any aspiring entrepreneur. It’s a formal document that outlines your business goals, how you plan to achieve them, and the financial and operational details of your company. Think of it as a roadmap for your business. Here’s a breakdown of the key components you should include…