Running a business is a complicated task that comes with a lot of responsibilities and various financial risks. Some of these inherent risks can doom a business while others can cause severe damage that can’t be rectified without a lot of time and money. An awareness of these risks and how to manage them is important before they become a problem. In this article, investment management professional Tomas Vargas Harvard explores some tips for managing financial risks in business. Identify the Risk - Identifying risks is the very first step. Simply being aware of the risks is your first defense. These risks can vary wildly and include asset, credit, foreign investment, liquidity, market, operational, and model risks. Keep in mind that for various businesses and established organizations, the ability to identify the specific risks that pose a threat to successful operations is a key component of strategic business planning. Read Full: https://cszgov.com/finance/tomas-vargas-harvard-financial-risks-in-business/