Entrepreneurs need to consider financial risks in the same ways that established businesses do. This includes being diligent with contracts, carrying insurance, investing in employees, developing metrics and outsourcing when it makes sense. It’s helpful to establish quality records by leveraging financial technology from the outset. As new businesses grow, they can work to mitigate financial risks by evaluating efficiency, investing in quality assurance, keeping accounts receivable low and using separation of duties where possible. Nonetheless, since cash flow is a primary financial risk when starting a business, it’s important to maintain emergency funds, diversify investments and keep debt balances as low as possible as part of a formal cash management strategy.