Theft is a common occurrence in the retail industry. In fact, it is estimated that retailers lose billions of dollars annually to theft. Investing in smart retail security solutions is the best way to protect your business from financial losses associated with theft. In this article, we’ll take a closer look at theft in the retail industry […]
Risk Management
Why Businesses Should Treat Employee Burnout as a Risk Management Issue
The business world has become increasingly aware of how employees feel on the job. Workplace burnout has become a prevalent issue — one that leads to many people seeking new employment. Can the way your staff feels be considered a risk management problem? In this article, we examine how burnout impacts productivity and profits, and […]
3 Most Devastating Small Business Pitfalls (and How to Avoid Them)
As a small business owner, you’re juggling a lot of details, decisions and doing a lot of hard work to keep your business solvent and successful. You may also be familiar with the grim statistics that almost half of all small businesses fail within the first five years of being open. While this figure certainly […]
Interview With Galen Hair: Insurance Claim HQ Owner and #1 Client Advocate
We all know that being prepared can save you loads of time and money. But sometimes, it is difficult to know what to prepare for. Galen Hair, Owner of Insurance Claim HQ, has seen it all — from hurricanes and floods to holiday lighting ‘disasters’ — and his expertise makes us feel confident that clients […]
Small Businesses at Higher Risk of Being Scammed than Large Companies
Scammers and cybercriminals understand that small business owners are extremely busy and don’t have as many resources as larger businesses, using this to their advantage. There are a variety of common scams that are directly aimed at small businesses, such as getting invoices for online advertising or receiving office supplies that weren’t ever ordered. Small […]
The Risks of Implementing Major Business Change & How to Assess Them
It is hard to view a major business change program in its entirety without identifying potential risks to its success, which is undoubtedly a must. After all, if we do not appreciate what could go wrong, we may run headlong into trouble and be caught blindsided with no backup plan. Understanding the risks is also […]
Filing a Personal Injury Claim from Work
People all over America understand that paying for medical bills can be an expense that they can’t afford. However, with the necessary medical attention needed, over one quarter of all adults in the US have unpaid medical bills. Over 60% of those unpaid bills are related to issues such as getting treatment for an injury. […]
How to Mitigate Today’s Biggest Risks to Business
Unsplash – CC0 License The world is an inherently risky place. No matter how much planning entrepreneurs do, there will always be unforeseen circumstances. Just take the recent pandemic for instance. There wasn’t an executive in the land who had a COVID response strategy ready to go in January 2020, but by May, they all […]
Retirement vs. Reinvestment: How Should Business Owners Plan for the Future?
When you’re a business owner, you — and only you — are responsible for your financial future. As you grow your business, it can be difficult to tell whether you should save any extra funds for your retirement or reinvest them into your business. Although strong cases can be made for both sides, consider making […]
Here’s Your Guide to Choosing 3rd-Party Risk Management Tools
You can’t work with vendors or other third parties these days without assuming some amount of risk — and as these vendor supply networks grow more and more globalized, that risk increases. Even though a vendor might be located in another country, they could still be required to adhere to U.S. regulatory guidelines, and it […]
