One of the major hazards of running your small business is cost and operational overruns. Quite simply, reduce risk by reducing your costs. Also, by reducing costs, you can actually improve your cash flow. One of the best ways to…
There are those companies out there who seem to be doing everything right. Operating a small business involves so many risks, so many unpredictable factors that what you really need is a company culture that will truly foster success. A…
The challenges you face everyday as an entrepreneur and small business owner can be quite daunting. Running a small company isn’t just about you and your product or service. It is, also, about your employees. If you can bring them…
Why do some small businesses succeed, and thrive, while others struggle and die within a couple of years? The answer is rather simple. Those businesses that thrive and overcome risk are led not managed. Leaders are far above mere managers,…
The most important consideration for becoming a self employed entrepreneur or small business owner is risk. Of course, anyone with the entrepreneurial mindset is unafraid to take a risk. The successful ones, however, take the calculated risk. The failures, of…
One huge risk factor that many small businesses fail to address adequately is the potential harm that can be done by a disgruntled customer or less than stellar online review or comment. If not addressed forcefully, and immediately, these negative…
Most small business owners want to offer their employees, no matter how few, health insurance coverage. Those that think they can lower risk and save some money by not offering their employees health coverage will be seriously hurt in the…
Being a home based entrepreneur presents certain challenges that no other business faces. You have already determined that you have the mindset to work in this way, Most people think they do but the really do not. Things can get…
It seems simple enough. BYOD-Bring Your Own Device, is a new fact of the business world that is quickly becoming unmasked for what it potentially might be: the new 600 pound gorilla in your risk room. The BYOD phenomenon has…
When it comes to risk, every business, large or small, needs to make its preparations and establish a plan for mitigating as much risk as possible. As times shift and change, so do the risks. Some risks that were planned…