Recent Articles

Internal Risks

Internal risks are considered controllable by the owner. Therefore, the risk factor can be greatly reduced with a program of identification, prioritizing and action. Action is customarily in the form of training or changing policies and procedures to reduce the associated risk. In general, internal risks are grouped into either financial or operational in nature.

Vertical Integration in Business

12/20/2014

Vertical integration in business refers to the process of gaining control over more steps of the product production stream.  Whenever a business obtains or can greatly influence any one of these steps along the process of producing and selling a [...]

How Much is a Fair Profit? Part III of V – Risk

03/31/2013

A third factor in determining a fair profit percentage is risk.  Risk is divided into two types.  The first is insurable and the second is uninsurable risks.  Insurable risks are mitigated and have very little to no effect on the profit formula [...]