Risk Management
What a Natural Disaster Could Mean for Your Business
Every year hurricanes do massive damage to the United States economy and cost the world an average of $300 billion. The damage is not simply limited to the cost of repairing homes, infrastructure, and other…
Principles of Workplace Safety to Live By
A lot of managers have an antagonistic relationship with workplace safety guidelines. It’s not their fault, certainly; when rules and regulations are handed down like commandments from on high, it can be hard to respect…
How to Protect Your Assets from Money-Draining Lawsuits
As an entrepreneur, it’s part of your job to anticipate risks to your business. Bad weather, theft, an accident, or a lawsuit, are just few of the risks you have to prepare for. You can…
Death and Disability: Is Your Franchise Unit Protected?
It’s hard to consider certain possibilities in our life. Whether it’s creating a will, designing an exit plan, or getting affairs in order, people naturally stray away from activities that have to do with their…
Do You Have the Right Budget for Business Insurance?
Business owners spend millions of dollars annually on insurance, yet most of the insurance policies they rely on cannot protect their businesses from many risks. A 2010 survey by Travelers Insurance reveals that despite only…
Key Techniques to Prevent Inventory Loss and Shrinkage: Part 2
In Part 1 of our series, we discussed the first three of seven ways to protect your inventory from theft. In this second part, we look at four more techniques that you can implement in…
Key Techniques to Prevent Inventory Loss and Shrinkage: Part 1
Retail shrinkage can occur at any time following the delivery of goods and prior to those goods being sold. Some of the most common causes of loss include shoplifting, employee theft, and fraud by employees,…
How to Protect Your Business from Employee Theft
As a business owner, I have to say that statistics on employee theft are frightening. According to Statistic Brain, $50 billion are stolen from U.S. businesses every year by their own staff, and roughly 75 percent…
7 Simple Steps You Can Use to Stop Workers’ Comp Fraud
All businesses have a fair share of formal and informal procedures and processes to ensure efficiency in dealing with customers and effectiveness of operating costs. As the owner, you should be very hands on with…
Emergency Plans Are Critical
“The prizes go to those who meet emergencies successfully. And the way to meet emergencies is to do each daily task the best we can.” ~William Feather Emergency plans are not likely to be used….
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