Tgt Business Consultants, JHB

TGT Business are concerned with public education in our field of expertise. This emanates in a continual seminar program at subsidized cost. See 12manage.com 22/02/2012 Understanding Risk Mitigation.

In all business practice it is the measure, control and exploitation of the risk that makes you exceed normal perception. Evaluate, measure, and control the risk. Mitigation is key. With risk comes reward, but with reward, risk is inherent. Know your exposure, and work on that finite line of solvency/insolvency, this way you maximise profits knowing what you stand to lose. Like they say, you must have skin in the game. Consult a professional to help you mitigate the risk and see the rewards follow.
As businesses operating on a budget, the foremost concern is to ensure that we are paid for our services, allowing budgets to be met and capital applied to the advancement of our operation. In this respect I have found a massive shift in the amount of businesses now taking an active role in monitoring their debtor’s book, in an effort to mitigate risk and improve the collection of outstanding money. On another level, there is a lack of concern regarding a business’s creditors book or supplier/s (account or cash based). Businesses seem to concern themselves only with how much credit can be extended, or time lines around delivery. A sense of complacency sets in and we are content to deal with the same suppliers we have dealt with for eons, without applying the same diligence applied to monitoring debtors.

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