Hundreds of years ago people built walls and towers around their communities to guard against threats. So too can businesses protect themselves with a companywide enterprise risk management program. Begin by obtaining total buy-in from your managers and key employees. Next, identify as many risks as possible specific to your business and its industry. Clarify your appetite and capacity for each risk, and develop a cohesive philosophy and plan for handling these threats. We can assist you in managing business risks in a financially sound manner.
Author: Jeff Lucke
Jeff Lucke, CPA, is the founder of Lucke & Associates, with an entrepreneurial background. Jeff has had ownership interests in businesses within several industries including automotive, construction, healthcare, telecommunications, and restaurants, as well as being active in real estate. As an owner of a growing CPA firm and other businesses, he has gained unique insights into the challenges and issues that face other growing businesses that most other CPAs do not have. This kind of knowledge ultimately benefits every one of the firm’s clients. He is very involved with clients and becomes deeply involved in their businesses and helping them succeed. Jeff is a graduate of the University of Nebraska and holds a Bachelor of Science in Accounting; his professional affiliations include the AICPA and KSCPA. Jeff currently serves a board member for his community on the Construction Financial Managers Association, the American Diabetes Association, and Big Brothers Big Sisters.