Can You Afford to Miss Your Milestones?Mitigating Risk in Early Stage Companies

Disclaimer

We are not:Insurance Salesmen!!!

What is Income?

Income Defined

• 1. the monetary payment received for goods or services, or from other sources, as rents or investments.

• 2. something that comes in as an addition or increase,

esp. by chance.

• 3. Archaic. a coming in.

Source: Dictionary.com

What is Risk?

Risk Defined

1. exposure to the chance of injury or loss; a hazard or dangerous chance: It's not worth the risk.

Common Types of Income

• Sales• Conventional Loans• Venture Capital• Angel Investment• Government Grants• Royalties

Common Forms of Risk

• Weather, Fire, Flood• Contingent• Contractual• Employment• Executive• Fiduciary• Infringement

Risk Management Techniques

• Avoidance

• Mitigation

• Transfer

• Retention

• Financing

Dealing with Income Risk – Our Philosophy

• Identification

• Mitigation

• Transfer

• Financing

Identification

• Baseline Assessment

• Risk Assessment Report

• Risk Management Action Plan

Mitigation

• Program Evaluation

• Accountability Metrics

• Behavioral Based Curriculum

• Stewardship

Transfer

• Contractual

• Nothing

• Financing

Financing

• Retention

• Deductible

• Self-Insurance

• Insurance

How Does This Apply to Me?

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Contact Us

• David R. Carothers, CIC, CRM – drc@praxiom-rm.com

• Lance B. Crawford, GBA - lcrawford@praxiom-rm.com

Or

888-350-7729