Let's face it. We're all risk averse.

Nobody wants to take chances and make mistakes, especially when it comes to money.

But the truth is that running a business is all about taking risks. You knew when you started your business that it was a risk, but it was one that you were willing to take.

If you want to be proactive about risks, you need to keep on top of your finances. All too often, business owners avoid looking at their finances because they get overwhelmed by the numbers and just plain old scared of what they will find. The thing is, if you're not paying attention to your financial situation, you won't be able to react quickly if things start to get out of hand. When you don't know how your business is doing financially, you'll end up making decisions based on gut feeling rather than facts.

You've heard that knowledge is power; this is especially true in business. The more clearly you can see where your revenues and expenses are going, the better equipped you'll be to adjust things as needed!