"When something is important enough, you do it even if the odds are not in your favor."~ Elon Musk

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Risk Management

Uncertainty in future business outcomes results in risk.

The best way to manage risk is to eliminate the impact and likelihood of the risk event occurring. After years of research and trial an error. The most comprehensive risk management strategies and resources are provided by the Government of Canada.

 

Business Development Bank of Canada (BDC)

Export Development Canada (EDC) 

 There are many options available to business owners that want to grow their business. Each path has unique combination of benefits and costs. The trade-off  with the most favourable outcome is desired.  In other words, you can't be a start-up with no credit and expect prime interest rates from a bank. Even if this same bank extends credit to you based on personal income. You're business possess risk to traditional lenders. So, what are the risks to your business ?

 

For  domestic : Business Development Bank of Canada

For export: Export Development Canada

Managing Risks

Securing Financing

Growing Working Capital