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Debtors are a Risk for BusinessAny business that wants to expand will find itself having to offer credit to its customers either private or corporate.As with all risks this risk of having debtors not pay their accounts can be managed and the Risk Manager’s of this risk are Credit Managers and / or Credit Staff and Debt Collectors. Risk Management – the Essentials of BusinessEvery business is a risk and every business has its own risks - fortunately these risks can be managed. The risks can be reduced to zero but then the company would not be manageable so the risk management process has to be sympathetic with the company’s overall goals and objectives, thus risk management is a compromise between no risk and convenience.
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