Image Source: unsplash.com Maintaining a positive outlook is a vital trait for every business owner. But extreme optimism may result in unrealistic goals and careless operations. It may cause entrepreneurs to underestimate risks and stick to unviable products. Based on a survey, being too optimistic is one of the reasons why 73% of businesses fail. […]
Disasters
How Bad Weather Impacts the Operations for Small Businesses
Image As if small businesses did not have enough on their plates to make ends meet and sustain, a natural calamity like a pandemic comes and uproots whatever they worked on. It’s hard enough as it is. Something like climate or weather, which is entirely out of their control, tends to hit a bit harder. […]
Keeping the Office Safe: 5 Ways to Create a Disaster Preparedness Plan
Human resource professionals can ensure the safety of employees by making sure that everyone is aware of what to do should an emergency occur. Global warming and climate change have contributed to unfathomable natural disasters. Consequently, an emergency could strike at anytime and anywhere. Organizational leaders must develop emergency preparedness plans to prepare for when […]
Don’t Skimp on Your Business Insurance: Here’s Why
Business owners are constantly on a crusade to cut the costs associated with keeping their company afloat, and who could blame them? After all, entrepreneurs who manage to cut unnecessary expenses are usually those who survive and thrive for years while their competitors struggle to make ends meet because of their hefty debts. Some expenses […]
Business and Personal Records: Are You Prepared for a Disaster?
This year’s wildfires, record rains, flooding, tornadoes, hurricanes and potential for earthquakes should all act as reminders that you should be prepared for a disaster. Sure, it will take some effort on your part and you may never be affected by a disaster, but if you are, you will sure wish you had been prepared. […]
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 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 result, 40 to 60 percent of small businesses close permanently after a disaster, according to Liberty Mutual Insurance. Do what […]
Employers May Give Employees Tax-Free Disaster Relief
If they carefully follow the guidelines, employers may give cash payments to employees for disaster relief, tax-free. Under Sec. 139 of the Internal Revenue Code, qualified disaster relief payments to employees are tax free to the employee and deductible by the employer. This includes income as well as social security and Medicare taxes. Three rules […]
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. Here are the key findings that I found rather scary: Only 20 percent of business owners have built a disaster […]
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 buildings. There are also huge intangible costs suffered by individuals and companies who are unable to produce their usual revenue […]
