Tech startups face a variety of risks that can slow down progress if they don't practice strong risk management. Different forms of insurance coverage exist as solutions to unfortunate financial turbulence. Here are six common startup business risks that can threaten your tech company and deter progress. 1. Reading the market and competitors incorrectly Every business must conduct market research before launching into a new commercial venture. You need to know if the market will support a Read More
Tips to Manage Small Business Risks Efficiently
Posted on: July 9, 2020
Setting up a small business is difficult and requires a good business idea, thorough planning, proper investments, years of hard work, and a lot more. As a business owner, when you are working hard, you often miss out on accessing and managing small business risks. What Are the Five Common Risks that Businesses Face? Lack of Introspection When a business idea comes from the founder, they are so much in awe with the concept that they tend to overlook the risks associated with it. High Read More
Dos and Don’ts for Small Businesses During a Pandemic
Posted on: May 28, 2020
If there has to be one wish granted to the world population, they will all stand in solidarity to fast forward the year 2020. No matter how hard you try to derive the positives out of this global crisis, the truth still prevails - that we are fighting hard against COVID-19. While the more prominent businesses still have a better chance of survival in the coronavirus pandemic due to their more substantial cash reserves, it is the small businesses that are going to be the worst hit. Here are a Read More
Understaffing Your Business Leaves You Vulnerable
Posted on: February 20, 2020
Why you need to hire more employees. As a small business owner, you want to save money wherever possible. One area where you can't afford to cut costs is hiring and staffing. This is because understaffing your business leaves you exposed to some very serious risks. For instance, here are some of the dangers understaffed businesses face. Increased Risk of Injuries and Illness When you do not have enough manpower, your employees are forced to take on more work than they can safely Read More
Protect Against Common Winter Work Risks
Posted on: January 23, 2020
Don't leave your business vulnerable this winter. If you run a business in Southern California, then you probably do not need to worry about blizzards and ice storms. However, this does not mean that your business is totally safe from winter hazards. To avoid damage or major liability events, here are some of the steps that you should take this season. Inspect Your Roof Winter is the wettest time of year in Southern California. This is why it's so important to inspect your business's Read More
Tips for Being an Effective Negotiator
Posted on: November 26, 2019
Try out these tactics to make you a better negotiator. In the world of business, the ability to negotiate effectively is an important skill to have. Whether it be negotiations with clients, suppliers, or your employees, you need to know how to handle these conversations. For your business's benefit, here are some of the negotiation strategies that you should try. Learn the "Flinch" The flinch is one of the oldest negotiation strategies in the book. A finch is a visible reaction to an Read More
The Costs of Poor Cyber Security
Posted on: June 27, 2019
Why your business needs strong cyber security. As a business owner, you are responsible for protecting your customers' online data. Unfortunately, with the risk of cyber attack and data breach ever increasing, it's vital that businesses look for ways to improve their cyber security protocols and systems. Here what business stand to lose if they are hit with a data breach and what they can do to protect against one. The Cost of Cyber Attack It's important for business owners to Read More