Nexia Basel Abusalah & Partners
Chartered Accountants and Auditors
Risks
The one word each one of us dreads the most: Failure!
What if we fail? What if the business goes bust? What if we our customers don’t pay?
All these ‘what ifs’ are risks that are lurking round the corner. Some businesses just do not want to even think of them because they are too scared.
Don’t worry, we are here to help you identify and assess all the possible risks that can affect your business and we will tell you how to address each one of them. At the end of the day, we want to help you assure uncertainty does not deflect you from your business goals.
Touching wood that your business is risks-free is not going to avoid them.
Some common risks
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Competition
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Embezzlement of your funds
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Customers do not pay on time
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Key persons death
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Changes in the Law
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Compliance with regulations
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Insider dealings
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Loss of data and information
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In-effective use of assets
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Liquidity and cash flow
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Succession planning
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Accidents
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Natural Disasters