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Risk Management: Focus on These Three Areas

 
  Arthur F. Rothberg, Managing Director, CFO Edge, LLC  
   
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  Article Summary  
Risk is involved in every aspect of life, but business leaders and entrepreneurs usually deal with a higher degree of risk than most people. Starting and managing a business is inherently risky, of course, and most business executives try to take prudent steps to reduce the risks inherent in running their enterprises.

There are many different types of risk involved in running a business. This article looks at three primary risk types – interest rate risk, investing risk, and embezzlement and online fraud – and makes suggestions for how to manage them.

Now is the time for Los Angeles and Southern California business leaders and financial executives to take a close look at their risk exposure in each of these areas and formulate concrete strategies like those discussed here to mitigate their risks. An outsourced CFO services provider can offer invaluable assistance in this area by helping you pinpoint your specific areas of risk and then devise strategies to manage them.

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