Risk Management
How to Prepare Your Business for a Compliance Audit
Preparing your business for an upcoming compliance audit is no easy task, and can’t be rushed if you hope to avoid stiff regulator fees. Many business managers and even accounting professionals are nonetheless having a…
5 Steps You Must Take to Ensure Your Employees’ Safety
As an employer, you have an obligation to your staff and employees to ensure their safety whilst they are at work. There are certain things that are out of your hands and are the responsibility…
Beware the Dangers of Violating HIPAA: Penalties Can Be Severe
The Health Insurance Portability and Accountability Act (HIPAA) has been the law of the land in the United States since 1996, when it was enacted to help streamline the movement of medical records from one…
Insurance is Always Too Expensive—Until It’s Needed
I expect that you have a story about how insurance saved you lots of money in your past. As usual, I have a story to make your hair stand on end. But first: here’s a…
Reduce Risk by Segregating Assets in a New Entity
The Problem: Often business owners want to segregate valuable assets from potential adverse liabilities generated in the operation of a business. For example, a bakery will likely own: (1) equipment used in its operations; (2)…
The Essentials of an Effective Business Disaster Recovery Plan
If there’s any guarantee in life, it’s to expect the unexpected. Small businesses are the most impacted when it comes to disasters because they do not usually have a formal disaster recovery plan. As a…
Why Taking Risk is the Ultimate New Venture Advantage
Outside of dreams, there is no real business opportunity without risk. Serious entrepreneurs know that, but too many “wannabes” still fall for that elusive get-rich-quick scheme with no risk. As an active angel investor, I…
Personal Trainer Insurance 101: Your Essential Guide
As a personal trainer, you are constantly active, much more than the average person. Your body is one of your professional tools, and taking care of it becomes a must. It’s not uncommon for a…
Reducing Risks for Mobile or Remote Workers
More and more companies are choosing to allow their workers to work remotely on either a full-time or part-time basis. While this can be an ideal situation as far as employee satisfaction goes, it can…
Nationwide Study Reveals Troubling Small Business Statistics
Looks like a disaster waiting to happen… We all know that common expression and it perfectly reflects my thoughts when I was recently reviewing the results of Nationwide’s 2017 Business Owners Attitudes and Usage Study….
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