Charles D. Carey, Managing Partner at CIG Capital, Featured in Forbes
CIG Companies Co-Founder, Charles Carey, was recently featured in a Forbes article discussing how businesses can guard against ‘unexpected’ financial losses. As a business leader and serial entrepreneur for many years, Charles joins other successful finance executives from Forbes Finance Council who offer firsthand insights and trends.
Since the pandemic, many businesses have seen steep dips in revenue, high employee turnover, new regulations, and much more. As a result, business leaders must be ready to safeguard themselves against financial losses in a fast-changing world. One way businesses can safeguard themselves against financial losses is by diversifying their revenue streams. According to Carey, “businesses should always be on the lookout for new ways to build revenue through additional revenue streams. It might be through an additional service you can offer, making creative adjustments to your current business model or even something as simple as leasing your extra office space. If you diversify your revenue streams, you can mitigate future risks.”
Forbes Finance Council members share ways other ways companies can guard their finances against unwelcome “surprises”
Original article posted on Forbes.com