Risk Mitigation Strategies Jordan Hill Ashford University Managerial Finance BUS 650 Thomas Badley May 18, 2020 There is a well-known saying that nothing in this world can be said to be certain, except for death and taxes. The same could be stated in the business world for risk, as no matter what type of business you operate, risk is imminent. In fact, opening a business in itself comes with substantial risk. When analyzing the risk business faces, risk generally gets divided between internal (controllable) risks and external (uncontrollable) risk. While these may be unavoidable, there are policies and techniques available to financial managers to mitigate them. By employing the methods detailed below, financial managers can assist their firms in reducing everyday risks that...