Risk Management. Audits.

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This is an in-depth analysis of key areas of your business.  Many times, business owners are making decisions with false assumptions about metrics, their market, culture, competition or simply where the money is going. 

Many business owners may develop a marketing strategy focused on out playing their competition and try to compete with them to win market share.  Only to find out that these are not their true competitors.  Wasting resources in a fight that is not actually benefitting them in any way. This can be detrimental over time. 

There may be a large amount of funds or money that is not accounted for.  A business may have a sound financial plan and strategy in writing but may have holes that they are not aware of.  This can be caused by what is known as "shrinkage". 

Audits can come in a variety of forms almost anything can be done.  Many business owners assume that their quality of product is at a certain level because that is how it has been at one time or that is how their team was trained.  Only to find out that there are big gaps between perceived quality and consistency and what is actually experienced by their customers. 

Sometimes generally referred to as "HR", Risk Management is the concise and sound strategies to avoid risk with personnel.  Hiring and firing methods are one of the leading causes of the downfall of businesses.  Many business owners are unaware of the impact each decision has on there future.