When you own a business, risk is all over the place. The critical element that keeps it together is your assessment of that risk.  Every single day you are likely to encounter at least one (likely more than one) of the following risks:

• Buying equipment
• Not Buying Equipment
• Leasing Equipment
• Not Leasing Equipment
• Purchasing inventory
• Not purchasing inventory
• Hiring employees
• Not hiring employees
• Incurring debt
• Not incurring debt



Every decision you make carries risk.  I could go on with inventory mix, collections of accounts receivable, choosing suppliers, etc.  This is why it takes a certain mentality to be a business owner. The Chief Financial Officer works with the business owner to assess these risks and mitigate them.   

No matter the size of the business, the part-time CFO can play a pivotal role in risk assessment.