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Enterprise Risk Management
Businesses must take steps to protect themselves from serious risks on multiple fronts. Financial risks threaten liquidity while operational failures can bring business to a halt. While new technologies expose companies to cyber threats, traditional labor concerns still pose challenges. Finally, expanding compliance requirements have increased the regulatory burden. Explore the 3 types of business risks below.
Guide to Contracting and Contract Bidding
Landing a contract with another company can help your business grow and get wider distribution for your products or services. But there’s a lot at stake for the proffering company and many factors go into their decision-making, so winning those contracts can be tough. Often business owners may never even learn why they were passed up for a contract. Fortunately, there are ways to help influence how your business is perceived during the bid process.
Easy access to business data, industry research, and market trends can give business development professionals an edge against the competition. The cold call has been replaced with business information databases and sales acceleration platforms that promise a more fruitful conversation. Learn about the business development resources and techniques available to salespeople in the Company Research section, and the content below.