While many business owners take the time to protect themselves and their businesses from outside risks, these are not actually the largest risks you face. In most cases, you are far more likely to be sued by an employee than an outsider.
Your favorite customer calls you and wants you to complete a job. You have a dilemma—you can't complete it in a timely manner, but want to keep this client happy. Hiring a subcontractor may be a great solution to your problem. But before you hire Mark or any other contractor, follow these pointers.
Being hit by a natural disaster (tornado) and man-made disaster (fire) within a two month period will get you thinking about crisis readiness! Having survived the aforementioned events without more real pain than insurance company and contractor frustration, I am quite aware of how much worse things could have been for our family and for my business.
There are entrepreneurs, and there are successful entrepreneurs. If you want to be in the second group, there are certain habits and practices you'll want to begin incorporating right now.
For some companies, telecommuting can be a beneficial option. In a telecommuting arrangement, you use telecommunications technology in place of the commute back and forth to the office. It usually involves working from home, although it might also mean using a satellite office.
In business and startups, a "sense of urgency" is a good thing. Yet many entrepreneurs confuse this with a "sense of emergency," which insidiously saps the life from their business.
Many risks that your business faces are directed at your company's actions. However, there are other dangers that apply specifically to individuals and their actions. Directors and Officers Liability Insurance (D&O) protects your company's CEO, COO, CFO, and other corporate officers and outside directors.
One of the most important things any business needs to do in order to survive in the long term is reinvent itself. Every day, you have to be open and willing to change, never letting yourself get locked into a single way of doing things.
Crowdsourcing is to operational problem solving what cloud computing is to computational resources and memory. With one difference: crowdsourcing is in the real world, while "the cloud" is in the virtual.
As web dependence (data gathering, marketing, eCommerce) increases for your business, a trusted, nimble, and efficient webmaster is paramount to day-to-day operations. Depending on the dynamics of your business...