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Home / Archives for Run and Grow / Risk Management

Risk Management

How to Mitigate Today’s Biggest Risks to Business

Apr 23, 2021 By Jeremy Bowler

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 […]

Filed Under: Risk Management Tagged With: Risks

Retirement vs. Reinvestment: How Should Business Owners Plan for the Future?

Mar 2, 2021 By Lending Tree

retirement-plans-for-the-small-business-owner--the-sep-plan

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 […]

Filed Under: Risk Management Tagged With: Investment, Retirement

Here’s Your Guide to Choosing 3rd-Party Risk Management Tools

Feb 19, 2021 By Ryan Kidman

 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 […]

Filed Under: Risk Management Tagged With: Risk Management

Is the Future of Auto Insurance a Good Deal?

Feb 12, 2021 By Brian Wallace

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 […]

Filed Under: Risk Management Tagged With: Insurance

Contingency Planning for Project Management

Jan 14, 2021 By Oliver Michaels

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 […]

Filed Under: Risk Management Tagged With: Contingency Plan

5 Keys To Reducing Startup Risk By Building On Trends

Dec 29, 2020 By Marty Zwilling

It may not be as sexy, but starting a new business which builds on an existing technology or business model is usually less risky than introducing that ultimate new disruptive technology. There are many levels of innovation that go beyond copying someone else’s idea, but stop short of pushing the leading edge (bleeding edge). Many […]

Filed Under: Risk Management Tagged With: Legal Issues

Do I Still Need Insurance If My Business is Closed?

Jun 17, 2020 By Anand Srinivasan

Almost eight million businesses are at risk of permanently closing due to the coronavirus pandemic. Many small business owners are struggling with the decision of when and how to safely get back to work.  If you’re one of the millions of businesses that had to change its operations in recent months, you may be wondering […]

Filed Under: Risk Management, Run and Grow Tagged With: Insurance, Liability, Workers Compensation

How are SMEs in the UK Coping with Covid-19?

May 29, 2020 By Ed Smith

The coronavirus pandemic has turned the entire world upside down in 2020 and impacted just about every aspect of modern life. It has created wide-ranging issues for all businesses in the UK, along with Europe and the US, but especially for SMEs. They have found it hard to survive, with many sadly having to fold […]

Filed Under: Risk Management, Run and Grow Tagged With: COVID-19, pandemic

Coronavirus: How is It Disrupting Your Industry?

Mar 12, 2020 By Emerson De Oliveira

If you’ve watched the news at all in 2020, you’re probably at least a little concerned about the coronavirus. The first case of the virus was in Wuhan, China. Since then, it’s spread to many countries, including the United States. Photo by Macau Photo Agency on Unsplash For most people, the main thing they’re concerned about is catching […]

Filed Under: Risk Management, Run and Grow Tagged With: Amazon, coronavirus, Stocks, Travel

7 Reasons Why Your Business Needs an Inspection From a Commercial Locksmith

Mar 5, 2020 By Merin Mathew

You The possibility of your commercial establishment getting burgled cannot be ruled out. Thus, your top priority is to prevent theft in your business premises that may have expensive equipment, raw materials, finished products, important documents, and other such items. Of course, you can install strong doors/windows and locks to secure your building. You can […]

Filed Under: Operations, Risk Management, Run and Grow Tagged With: Security System

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