For every “too big to fail” corporation in the US, there are thousands of small businesses that are slogging it out in the trenches. Only 50% of small businesses make it past the 5-year mark, and even then the challenges of growing are quite substantial. Small businesses are very fragile in their infancy and are susceptible to failure if the proper precautions aren’t taken. Though the reward for starting a small business can be great, the risk is equally as great. Here are a few ways to limit financial risk and keep your small business stable, prepared, and thriving.
To truly take an active role in mitigating financial risk for your small business, reach out to the experts who know the landscape. CRI is an ISO 9001:2008 certified small business in their 20th year of service. Our talented professionals have an abundance of experience navigating small businesses through the early stages of growth and transforming them into self-sufficient, thriving firms. Whether it’s through back office solutions, consulting, or implementing accounting systems, CRI has a proven track record of results for growing small businesses in today’s competitive markets.