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. […]
Risks
How to Mitigate Today’s Biggest Risks to Business
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 […]
What Types of Insurance Are Best for Small Businesses?
You’ve worked hard to build your company up to what it is today. Which is exactly why you should consider if you would recover from fire damage or a costly lawsuit without taking a serious financial hit. Thankfully, there is a multitude of policy types to help ensure that you’re protected against risks like these and others. These policies cover everything from your equipment […]
Employee Training is Critical for Health and Safety in Fitness Centers
As is customary around this time of year, fitness centers, gyms, and other such establishments are a hot topic, with sign-ups skyrocketing following the indulgence of the festive period. However, as places open to the general public, and home to equipment which can cause serious injury if used incorrectly, these spaces can also be incredibly […]
3 Myths About Entrepreneurship That Shouldn’t Hold You Back
What do you need to start your own business? For many would-be entrepreneurs, it’s a question that hovers like a cloud overhead, intimidating and ominous. Answering it means facing fears—fears around money, experience or knowledge. The worst are fears of the unknown. What if you never learn everything necessary to grow a successful business? What […]
3 Alarming Consequences of Workplace Accidents and How to Safeguard Your Small Business
When it comes to workplace safety, many small businesses forgo considering safety as a priority in their business in favor of saving money and/or saving time. With no HR or legal department, small business can’t pack the same punch as large corporations when it comes to safeguarding their business against the consequences of workplace accidents. […]
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 […]
How to Find the Best Car Insurance for Your Business or Personal Needs
Cars have become an essential part of both individual and business life. It is a standing requirement that all cars should have in place a valid third party insurance. With the availability of instant car insurance quotes online, the process is much simpler than it used to be. The first step to finding an instant […]
A Guide to Project Management for Startups
Faced with client meetings, finance issues and an inbox bursting at the seams with unanswered emails, giving attention to project management may seem impossible. Without a clear scope, budget and timescale—and a project management methodology—the business is in danger of being blown around by conflicting needs. Worse still, priorities will be dictated by the last […]
Can You Overcome 5 Risks and Create Wealth?
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. […]
