Construction Credit: Overcome Challenge & Risk
RISK: “a situation involving exposure to danger” and “the possibility of financial loss.” (A definition provided by the omniscient Google.) Risk is inherent in everyday actions and interactions; whether we are driving a car, investing money in the stock market or extending credit to a customer without collateral, we take risks every day. Fortunately, there are ways to reduce these risks – we adhere to traffic laws when we drive, we diversify our accounts when we invest in the market, and we implement credit policies and utilize credit tools when extending credit to our customers.
We are proactive not reactive, therefore we are prepared in the event we are “exposed to danger”.