Managing Financial Risks in Industrial Entrepreneurship

The research is aimed at improving methodological and practical approaches to financial risk management in entrepreneurship. In terms of methodology, the study relies on retrospective analysis, statistical analysis, extrapolation-based forecasting, factor analysis, correlation and regression methods, comparative analysis, business value management method. The study proposes a sequence of actions for managing financial risks in industrial entrepreneurship. The practical aspect of this process is based on retrospective and correlation analyses, which allow us to reveal the components of a financial risk negatively affecting the business value. It was found that the domestic production of plant protection chemicals is developing quite dynamically, which is especially noticeable in the context of import restrictions. Despite the positive dynamics of change in the main resulting indicators, there are financial risks in the industry due to the instability of exchange rates, the solvency of consumers (agricultural producers), its insufficient financial stability and solvency. Thus, it is important to develop a methodology for timely diagnostics of financial risks and finding the ways to neutralize them.