Guard Against These 5 Serious Threats To Your Business

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.…

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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…

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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…

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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…

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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…

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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…

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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.…

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