Of course, we are speaking of increased valuation of your company when we speak of “wealth.” Especially if you are in the early stage of growing a business, these five risks can and often do derail entrepreneurs before realizing the riches of a great exit. So, let’s examine them and mitigate them. Make you wealthy someday. […]
Risk Management
Insurance Policies That Can Protect Against Payroll Mistakes
Running any business is rewarding, but it also comes with risks. No matter how prepared you think you are, there will always be challenging instances. And you need to make sure you’re well-protected. From financial protection to preserving your brand and reputation, business insurance can help shield you from a business disaster. Insurance is crucial in any […]
5 Business Warning Signs That Signal Ethical Exposure
Based on my years of experience working with entrepreneurs, I strongly believe that most of you start your business with the highest of ideals, but have no idea how many situations you will face that don’t have clear-cut answers, or raise ethical dilemmas. For example, how should you handle a cash flow crisis, where you […]
Risk, Insanity, and the 50% Startup Rule
Fifty percent of all businesses formed fail within the first two years. There are many variations of this number since there are a number of ways to measure failure. But the number is a startling reminder that creating a business is not easy, nor is it any assurance of success. How to define “success” for […]
3 Keys to Safe, Efficient Materials Storage and Inventory Management
Improper storage of materials had deadly consequences for one worker when an explosion rocked a construction site off U.S. 280 in Harpersville, Alabama. Christopher Anderson of Mississippi was killed when he opened a storage container containing flammable materials while installing natural gas lines. Four other workers were injured, passing vehicles and a nearby road were […]
Contractors: What is a Surety Bond and How Does it Differ from Insurance?
The construction industry has been on a growth streak for the last decade, offering several opportunities for those with skills and experience in the industry. Becoming a licensed construction contractor offers unlimited potential to work on residential and commercial projects, all which can be lucrative when done right. Read more on hiring home remodeling contractors […]
Business Leaders: How Are You Combating Ageism in the Workplace?
Ageism is one of the ‘isms’ like sexism or racism, and occurs when someone is discriminated against, not because of their gender or race but because of how old they are. In the workplace ageism can take many forms, including being refused employment, dismissed, made redundant, or denied a promotion simply because you are considered […]
Why Using Big Data Mitigates Risk and Helps Construction Businesses Take Flight
Construction companies that adopt technology to accelerate delivery can achieve real efficiencies. But if they aren’t also gaining insight from the project data, they’re missing a major opportunity. It’s like building a better, more powerful jet engine, then never actually leaving the ground. Digitizing all those construction documents creates a wealth of information, but most […]
How Cloud Communications Can Help During Disasters
From fires to floods, natural disasters can strike at any time. June 1st through November 30th is hurricane season, which brings an increased risk of potential flooding and water damage. Businesses that rely upon their technical and communications infrastructure for core business processes will be particularly vulnerable to these types of disasters. Cloud communications services can help. Natural Disasters […]
The #MeToo Movement in Small Businesses
As the #MeToo movement sweeps the nation, and more people in positions of power are accused of sexual harassment or worse, businesses have had to sit up and take notice. Clearly, there are reputation risks for prominent companies whose executives or managers are singled out as harassers. But just because your business is small, it […]
