Risk management is the key to increasing profits and reducing costs.
Profits are what we seek. Costs and sales seem to catch our attention as the first figures to consider in maximizing profit. However, we can expand our search for ways to create more profit if we consider another perspective - reducing risks.
Significant risks can destroy all the hard work you've invested in your business, just because something unexpected goes wrong. It's not good luck alone than can prevent these surprises; it's preparation. In many cases, the preparation also increases profits, a double win.