Financial risk management of small timber enterprises of the Vologda region

In the article the analysis of financial risks of five small timber enterprises of the Vologda region on the basis of the analysis of indicators of liquidity and financial stability is carried out. Any economic entity in the course of its business activities and in the process of interaction with other economic entities bears certain risks, which include the possible loss of funds, the occurrence of losses, loss of additional profits. One of the main conditions for successful operation of the enterprise is the timely detection of possible risks, as well as the development of measures to prevent them. Risk itself is always an integral part of business. Small businesses are particularly affected by risks. As a rule, their activities are not provided with a large amount of their own funds, and the owner himself combines both the Manager and the owner. The article also proposes and economically justified measures aimed at improving the financial risk management of small enterprises of the timber industry in the region.