Wednesday, October 1, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    How to Choose the Right Analytics Tools to Improve Your Payment Workflow

    How to Choose the Right Analytics Tools to Improve Your Payment Workflow

    Navigating the Magic of UI Animations: Unveiling the User Experience

    Navigating the Magic of UI Animations: Unveiling the User Experience

    Application Services

    Belitsoft Lists Top 5 Trends Shaping Managed Application Services in 2025

    How Technology Ensure Safe and Secure Online Gaming with Eat and Run Verification

    Smart Building Technology Integration: Future-Proofing Hospitality Through Intelligent Systems

    Laptop

    Laptop Running Slow? A Technician’s Guide to Performance Restoration

    Woman in a red dress wears a VR headset, standing in front of a vibrant digital backdrop with blue and pink glowing lines, creating a futuristic feel.

    The Future of Online Entertainment: What’s Next for a Digital Generation

    How businesses can balance AI innovation with online security

    How businesses can balance AI innovation with online security

    Modern office with two people working at desks, each focusing on computer screens displaying code. The room is dimly lit, creating a focused atmosphere.

    Top 10 Bespoke Software Development Companies in 2025

    Before the Alarm Sounds: The Life-Saving Power of Fire Preparedness

    Before the Alarm Sounds: The Life-Saving Power of Fire Preparedness

  • Consumer
    Understanding the Baby Monitor Market: What’s Driving Growth and Innovation

    Understanding the Baby Monitor Market: What’s Driving Growth and Innovation

    Craving Connection: Why Food Gifting Is the New Love Language

    Craving Connection: Why Food Gifting Is the New Love Language

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to adjust glasses at home – a step-by-step guide!

    How to adjust glasses at home – a step-by-step guide!

    Why quality toilet cubicle hardware matters

    Why quality toilet cubicle hardware matters

    Common Mistakes in KYC Identity Verification

    Common Mistakes in KYC Identity Verification

    Consumer habits

    British Furniture Market Sees Significant Changes in Consumer Preferences

    Why are high-street bookmakers declining in the UK?

    Why are high-street bookmakers declining in the UK?

    Straps for smartwatches: The Complete guide

    Straps for smartwatches: The Complete guide

  • Finance
    How workplace pensions have changed in the UK

    How workplace pensions have changed in the UK

    Computer monitor, calculator, keyboard, mouse, smartphone, and wireless earbuds on a pink surface, creating a modern and tech-focused scene.

    Surprising Tools That Can Help You Manage Your Money

    Close-up of a smartphone screen showing stock data with a dark background. Companies listed include Boeing and Disney. Graph lines suggest market trends.

    Best Online Forex Brokers for High Leverage and Risk Management

    Person holding a smartphone displaying a stock market graph, with a laptop showing financial data in the background. The mood is analytical and focused.

    Top 5 Mutual Funds in the UAE (2025)

    Glass vase containing a money plant, symbolizing savings and financial growth.

    Building Generational Wealth: How Professionals Can Plan Beyond Their Lifetime

    Close-up of the word gambling

    UK gambling tax debate: simplification or squeeze?

    Net Worth of Pastor Chris Oyakhilome: 15 Key Contributors

    Net Worth of Pastor Chris Oyakhilome: 15 Key Contributors

    Visual guide on starting a business plan, highlighting key accounting and finance elements for new entrepreneurs.

    Finance vs accounting: Key differences and career paths

    The Role of Blockchain in Sports Beyond Cryptocurrency

    The Role of Blockchain in Sports Beyond Cryptocurrency

  • Environment
    Five Ocean Discoveries That Could Change How We See the World

    Five Ocean Discoveries That Could Change How We See the World

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Environmental Benefits

    What Are The Environmental Benefits Of Choosing Eco-friendly Rubbish Removal In Croydon?

    Why You Should Hire Waste collectors for efficient waste removal

    Why You Should Hire Waste collectors for efficient waste removal

  • Property
    Angular, metal sheet wall with diamond patterns behind a dark railing, conveying an industrial feel. The texture is reflective and geometric.

    7 Design Concepts That Use Decorative Metal Sheets

    Worker repairs a red-tiled roof, balancing on scaffolding. They wear protective gear under a clear blue sky, conveying focus and diligence.

    The Complete Guide to Roof Repairs: What Every UK Property Owner Needs to Know in 2025

    A Comprehensive Guide on an Inline Extractor Fan

    A Comprehensive Guide on an Inline Extractor Fan

    Red door labeled "Fire Exit Keep Clear," indicating it should remain unobstructed for safety.

    Fire door compliance: Essential considerations for contractors and housebuilders

    Furnished Apartments

    London Serviced Apartments: A Growing Trend Among Modern Travellers

    Close-up of Bungalow Houses

    The Key Reasons Park Bungalows Are A Smart Investment

    Discovering the Charlie Oven The Rural Ranges Ltd Approach

    Discovering the Charlie Oven The Rural Ranges Ltd Approach

    Sleek and Sturdy Bathroom Glass Shelves for Modern Homes

    Sleek and Sturdy Bathroom Glass Shelves for Modern Homes

    How to Streamline Your Home Expenses

    How to Streamline Your Home Expenses

  • eCommerce
    Ecommerce Platform

    What Makes a Global Ecommerce Platform User-Friendly

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    The Importance of Digital Valuations for UK Ecommerce Brands

    The Importance of Digital Valuations for UK Ecommerce Brands

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    Amazon Expert

    Amazon Expert: Key Qualifications to Look For

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Personalized Shopping: How Technology is Transforming Retail

    Personalized Shopping: How Technology is Transforming Retail

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

No Result
View All Result
Today News
Home Finance

Small Business Guide to Managing Financial Risks

David Prior by David Prior
September 11, 2023
Reading Time: 3 mins read
Small Business Guide to Managing Financial Risks
457
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Risks are unavoidable in business. But that doesn’t mean they don’t need to be dealt with properly. This is especially true where money is concerned, without which your business would cease to deliver its bottom line and go bankrupt.

In this guide, we’ll discuss what financial risks are, how you can identify them and four ways you can mitigate them.

Related posts

How workplace pensions have changed in the UK

How workplace pensions have changed in the UK

October 1, 2025
538
Computer monitor, calculator, keyboard, mouse, smartphone, and wireless earbuds on a pink surface, creating a modern and tech-focused scene.

Surprising Tools That Can Help You Manage Your Money

September 29, 2025
455

What are financial risks?

A financial risk is any factor or exposure that could lower your business’ profits or cause it to go bankrupt. Types of financial risk include but are not limited to:

  • Credit risk – The possibility of failing to make payments on debts
  • Liquidity risk – The chances that a given financial asset can’t be traded quickly enough at the right price 
  • Operational risk – The risk of losses caused by flawed processes, policies or systems

How can you identify financial risks in your company?

If you want to identify your business’ financial risks, you need to have access to high-quality information. Thorough data insights can make the difference between protecting your business against the risks it faces in good time and getting caught out by surprise. 

Data becomes available when you concentrate on producing high-quality reporting in financial statements and other key reports. With these objective metrics in hand, you’ll be in a much better position to spot risks and make the decisions necessary to mitigate them.

Four ways to mitigate financial risks

Partner with experts

Enlisting the help of third-party experts can not only help you protect your business from financial risks but also free up your resources to focus on your core business offering. With your company’s finances safely watched over by specialist accounting service providers, you’ll have the peace of mind to double down on what matters most to your business.

Create a strategy

Simply running out of cash is a common reason why businesses go bankrupt. A cash management strategy can help you prevent this from happening. This should include forecasts of cashflow, accounts of all payable balances and debt payments. 

Reduce unneeded debts

Most business rely on loans to bolster their cashflow or invest in their growth. But this becomes risky when taken too far. Try to keep your loan balances as low as possible by making minimum payments so that your debts don’t compound. You should also shop around with different providers to better minimise the different costs of borrowing, such as interest charges and lender fees.  

Diversify financially

When your business has most of its capital in a single asset class, it’s overly exposed to downturns in that market. Spreading your capital across multiple areas helps minimise the risk that your company is unnecessarily affected by bear markets. The same goes for your company’s income. Serve a larger variety of products to more customers to minimise financial risk.

How you deal with financial risks can make the difference between your business thriving and going bankrupt. But if you gather data insights and take right steps to mitigate the threats you face, you’ll be well on your way to helping your company prosper.

David Prior

David Prior is the editor of Today News, responsible for the overall editorial strategy. He is an NCTJ-qualified journalist with over 20 years’ experience, and is also editor of the award-winning hyperlocal news title Altrincham Today. His LinkedIn profile is here.

Previous Post

Why DIY Electrical Work Is A Shocking Risk Best Left To Professionals

Next Post

Guarding Against the Surge in Catalytic Converter Theft

Related Posts

How workplace pensions have changed in the UK
Finance

How workplace pensions have changed in the UK

October 1, 2025
538
Computer monitor, calculator, keyboard, mouse, smartphone, and wireless earbuds on a pink surface, creating a modern and tech-focused scene.
Finance

Surprising Tools That Can Help You Manage Your Money

September 29, 2025
455
Close-up of a smartphone screen showing stock data with a dark background. Companies listed include Boeing and Disney. Graph lines suggest market trends.
Finance

Best Online Forex Brokers for High Leverage and Risk Management

September 26, 2025
416
Person holding a smartphone displaying a stock market graph, with a laptop showing financial data in the background. The mood is analytical and focused.
Finance

Top 5 Mutual Funds in the UAE (2025)

September 24, 2025
545
Glass vase containing a money plant, symbolizing savings and financial growth.
Finance

Building Generational Wealth: How Professionals Can Plan Beyond Their Lifetime

September 19, 2025
492
Close-up of the word gambling
Finance

UK gambling tax debate: simplification or squeeze?

September 18, 2025
506
Next Post
Guarding Against the Surge in Catalytic Converter Theft

Guarding Against the Surge in Catalytic Converter Theft

RECOMMENDED NEWS

DEI

The Silent Reversal: Why Big Brands Are Quietly Dismantling DEI

5 months ago
77
Refurbished Google Pixel Phones

Why More UK Buyers Are Switching to Refurbished Google Pixel Phones — And You Should Too

4 months ago
40
How VR is transforming medical training and surgical simulations

How VR is transforming medical training and surgical simulations

6 months ago
455
Betwinner’s Guide to Esports Betting: Tips and Strategies

Betwinner’s Guide to Esports Betting: Tips and Strategies

1 year ago
460

BROWSE BY CATEGORIES

  • Business
  • Careers
  • Charity
  • Consumer
  • Culture
  • eCommerce
  • Education
  • Energy
  • Engineering
  • Entertainment
  • Entrepreneurs
  • Environment
  • Fashion
  • Finance
  • Food & Drink
  • Gaming
  • Gardening
  • Health
  • Insurance
  • Interiors
  • Legal
  • Leisure
  • Lifestyle
  • Manufacturing
  • Marketing
  • National
  • News
  • Opinion
  • Pets
  • Politics
  • Property
  • Sales
  • Sport
  • Sports
  • Tech
  • Transport
  • Travel
  • Uncategorized

BROWSE BY TOPICS

Agency AI autosmart banking Beauty business Christmas construction cyber security data digital Digital Marketing Services ecommerce entertainmnet finance fitness Forex health inflation insurance kitchen KYND lifestyle manchester music News north overseas Personal Injury Pharmaceutical Industry property Real Estate recruitment Sir Michael Morpurgo Skincare sports technology tourism travel UK vehicles Warkworth village watch workspace yorkshire

Latest news

What Should First-Time Crypto Gamblers Know Before Making a Deposit

What Should First-Time Crypto Gamblers Know Before Making a Deposit

October 1, 2025
When is the best time to consider outsourcing as a company?

When is the best time to consider outsourcing as a company?

October 1, 2025
How workplace pensions have changed in the UK

How workplace pensions have changed in the UK

October 1, 2025
Small, modern garden room with glass doors sits in a fenced yard on green artificial grass. The scene feels peaceful and tidy under a clear sky.

Why We Think Garden Rooms Will Still Be So Popular in 2026

September 30, 2025
Close-up of a hand holding a smartphone showing a social media folder with app icons: Facebook, Messenger, Instagram, WhatsApp, and X. Bright, colorful screen.

Social Media vs Traditional News: Who Owns the Breaking Story in 2025?

September 30, 2025
Hands of a person in a plaid shirt using a blue calculator on a wooden desk. Nearby are a keyboard, a small potted plant, and a yellow mug, suggesting a focused office setting.

Signs Your Small Business Needs an Accountant

September 30, 2025
Angular, metal sheet wall with diamond patterns behind a dark railing, conveying an industrial feel. The texture is reflective and geometric.

7 Design Concepts That Use Decorative Metal Sheets

September 30, 2025
Denture

What Are the Hidden Pros and Cons of Wearing a One-Sided Denture? 

September 30, 2025
Mobile Game Testing

The Most Rage-Inducing Mobile Game Levels of All Time

September 30, 2025
Shower Door Bottom

Everything You Need to Know Before Buying a Shower Door Bottom Seal

September 30, 2025

Today News

  • About
  • Write for us
  • Contact
  • Privacy Policy

@2024 Rooftree Publishing Ltd

Today News in association with Kajino.com

Sign up for our newsletter




  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce

Recent News

What Should First-Time Crypto Gamblers Know Before Making a Deposit

What Should First-Time Crypto Gamblers Know Before Making a Deposit

October 1, 2025
When is the best time to consider outsourcing as a company?

When is the best time to consider outsourcing as a company?

October 1, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact