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 […]
Risk Management
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 […]
Is the Future of Auto Insurance a Good Deal?
Of the many things that changed in 2020, a major one amongst Americans was driving habits. According to Autoinsurance.org, some parts of America saw a 60 percent drop in mileage in March. With less driving, there were fewer low-speed accidents. With fewer accidents and an increase in financial struggles, many auto insurers gave back to […]
Contingency Planning for Project Management
In some areas of the world, contingency planning is all about having a Plan B for those natural disasters that might occur, but the reality, as you will see from any project manager course, is that you need to make contingency plans for everything if you want to ensure that you are covered should the […]
