Managing Business Risk
California Agricultural Cooperatives: Managers' Strategies and Attitudes towards Finances and Risk - Center for Cooperatives, University of California -- Cooperative borrowing, lending, and financial services in a changing risk environment.
Managing Financial Risk in a Firm – University of Florida Extension -- The purpose of this paper is to show how to manage financial risk in a firm. Managing financial risk is essential to having a successful business.
Production Risk Management – University of Florida Extension -- Some of the major sources of risk in agriculture are production and yield risks, market and price risks, business and financial risks, technology, casualty loss risk, legal risk, and human resource risk.
Risk Management Strategies Concerning Seasonal Farmworkers – University of Florida Extension -- The purpose of this paper is to describe some of the risks associated with the seasonal work force and present some of the strategies growers are considering to manage these risks.
Risk Management Toolkit of Specialty Crop Producers – University of Minnesota Extension.
Setting up a Risk Management System – Small Business Notes -- Your overall risk management system, while it does not need to be formal, needs to have contingency plans in place for whatever "surprises" might occur and employees need to be trained in how to handle these "surprises."
Risk Management -- Small Business Notes -- Risk is one of the most overlooked areas for new business startups.
Risk Management Tools – Small Business Notes -- Besides the standard health, life, and possibly disability insurance, you need to look at the types of liability and property insurance you may need.
How to Manage Risk in Your Business – Small Business Notes -- Planning for the risks that will occur in your business is critical to your success.
Risk Management Strategies – Small Business Notes -- Risk is one of the most overlooked areas in small businesses in spite of the fact that it is clear to most small business owners that operating any business involves risk.
Small Business and Hazardous Waste – Iowa Small Business Development Centers -- A waste is any solid, liquid, or gaseous material that you no longer use, and either recycle, throw away, or store for later treatment. Wastes that can cause injury or death, or damage or pollute land, air, or water are considered "hazardous."
Risk Tolerance turns Small Firms into Big Ones – Iowa Small Business Development Centers – Entrepreneurs believe the risks they face are affected directly by their own skills and efforts.
Theft
Preventing Embezzlement – Iowa Small Business Development Centers -- You can loose a great deal of money before suspecting that embezzlement might be going on. That's because by definition this crime is committed by someone in a position of trust.
Preventing Burglary and Robbery Loss – BizMove.com -- stores are prime targets for burglars and robbers. Seeking dark and easy-to-enter stores, burglars usually operate at night.
Identity Theft – Iowa Business Network -- Tips for safeguarding your business' information.
Limiting Liability
Piecing the Veil of Limited Liability – CCH Business Owner’s Toolkit -- To avoid the day-to-day liability risks when enacting an asset production plan, a small business owner must pay close attention to recordkeeping and initial capitalization to steer clear of the doctrine of "piercing the veil" of limited liability.
Limiting Liability for Contracts and Torts – CCH Business Owner’s Toolkit -- Explains the significant exceptions to the limited liability for owners of an LLC or a corporation, with respect to the business entity's debts.
Using Multiple Business Entities – CCH Business Owner’s Tookit – Using holding and operating companies is an asset production planning strategy that helps to limit liability in your business structure.
Withdrawing Funds from the Business – CCH Business Owner’s Toolkit -- Owners should strive to minimize the amount of vulnerable capital invested within the business form.
How Growers Can Reduce Liability Risk – Direct Marketing and Tourism Handbook, University of Arizona – There are basic business practices that can be used to help reduce likelihood of liability suites being filed.
Crisis Planning
Your Crisis Response Plan: The Ten Effective Elements – HBS Working Knowledge -- Shooter on site. Epidemic. Major power outage. Is your organization prepared to deal with crisis?
Crisis Management - Small Business Notes -- You have written your business plan, obtained your funding, and followed all the steps for operating a successful small business.
The Key to Diverting Disaster: Preparation – HBS Working Knowledge -- A firm's failure to communicate effectively after an emergency strikes can be more destructive than the emergency itself. Here are six tips for creating an effective crisis communications plan.
Three Steps for Crisis Prevention – HBS Working Knowledge -- Can you predict a business disaster?
Planning for Surprises – HBS Working Knowledge -- A company doesn't need a crystal ball to see impending disasters. How to foresee and avoid predictable surprises.
Avoiding PR Disasters – HBS Working Knowledge -- Leaders don't want to think about worst-case scenarios for their companies. But advance planning is the best way to prepare for the unexpected.