Uncertainty is a constant in business, but robust risk management can help companies adapt and thrive. Enterprise Risk Management (ERM) is defined by the Committee of Sponsoring Organizations (COSO) as “a Process, effected by an entity’s board of directors, management and other personnel, applied in strategy-setting and across the enterprise, designed to identify potential events…
There is nothing small about the impact of small businesses on our economy. If we support these businesses by shopping with them, we are taking part in creating tomorrow’s business leaders. Meraki Coffee Roasters in action Small businesses include sole proprietors, partnerships to small and medium companies. They range from our local grocery shop, restaurants,…
Entrepreneurship is all about taking risks. In unfortunate cases, these risks are not mitigated and you have to terminate your business. OR you may even discontinue a brand for an expansion move. Either way, this would require you to liquidate your company, unless you want to keep paying government fees or get subject to some…
SO you have a business idea. You’ve thought it through, done your research, crunched your numbers, have a clear business plan and you are positive that your arrangement of resources are going to make a successful business. When you are confident enough to try it out, it’s time to get registered. Knowing the RulesIt is…