It costs more to solve problems than it does to prevent them.

Philip Grindell
Written by Philip Grindell
it costs more to solve problems than prevent them

Saving money is just one of the benefits of being proactive.

When reviewing our finances, we are all looking for ways to save money. That is as true for the individual as it is for a private family office or a global organisation.

 Very often clients come to us when a crisis has already occurred and want the genie to be put back in the bottle.

  • Their identity has been stolen and a fake profile is posting inflammatory material.
  • A person of concern is making threats and indicating he knows where they live.
  • They’ve been burgled and their security failed.
  • They have a problem with an employee who has issues they weren’t aware of and is now posing an insider threat.
  • They have a stalker and re concerned about how much private information is publicly available.

The key to all these issues, and many more is that being proactive saves money, unnecessary stress, and reputational harm.

When I require financial advice, I seek out an expert and yet far too often risk and threat assessments are completed internally with a biased self-diagnosis being completed.

 All too often the assessments are underrating the threats and are complacent about the risks.

 When conducting these assessments, it’s easy to ignore what we know to be true to reduce costs and protect professional reputations. Far too often critical issues are missed…. unlikely terrorist attacks are considered whilst slips and trips ignored.

 Risk and threat management is a specialised area that requires professionals with experience and proper credentials, who can save you money, stress and critical reputational harm.

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