The worst-kept secret in business: Companies with effective risk management are more profitable.

It’s not exactly a headline-grabber, but it’s true. A cursory review of available literature will prove the benefits of risk management ranging from profitability to smaller and fewer insurance claims.

But don't just believe the literature, have a look at what happens in practice. The largest and most successful companies in the world don’t just take bold bets. They calculate them. They invest heavily in understanding the risks they face including financial, operational, regulatory, reputational, and they build systems to navigate them.

This isn’t just about avoiding disaster. It’s about unlocking value:

✅ Achieving strategic objectives

✅ Delivering more predictable cash flows

✅ Building greater stakeholder confidence, and

✅ Crafting a competitive advantage during times of uncertainty

Despite this, while big businesses double down on risk management, many small and mid-sized companies choose to opt-out. Not because they don’t care, but because it’s often seen as a "nice to have" instead of a core growth strategy. However, in today’s rapidly evolving corporate landscape, that mindset is a liability and one only a foolish leader would adopt.

If you’re a growing business and haven’t taken a serious look at how you’re managing risk, now might be the time to treat it not as a compliance checkbox, but as a profit lever.

It’s the worst-kept secret in business. But the best-kept advantage for those who act on it.

Reach out to ⚡Virtus Advisory⚡ to discuss.