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[quote=rickrice3]So, I recently had a situation that really made me think about risk assessment for my business. A few weeks ago, I almost signed a contract with a new vendor, but something felt off. I did a bit of digging, and it turned out they had some past issues with fraud. Thankfully, I caught it before signing anything, but it made me realize how easy it is to overlook the risk side of things when you're just excited about growing your business. Now I’m wondering, what steps do you all take to assess business risks, especially when it comes to choosing partners or vendors? Do you have any specific red flags you look for? Would love to hear some insights on this because I feel like it's something I need to prioritize more.[/quote]
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