by Zoe Zorka
As a business owner, there’s a key lesson that you need to learn fast: hope for the best and expect the worst. If you do this, then you will be putting the right steps in place to protect your company and keep it safe. There are a lot of storms that can bring your business crashing down. But there are also essential umbrellas that will protect you from the downpour.
Insurance
First, you need to make sure that you have the right insurance for your business. Key choices for insurance are largely going to depend on the type of business that you are running. For instance, if you are running a contractor or construction company, then you need to explore builders risk insurance. That way, you can guarantee that if there is an issue with the work you complete, you are covered financially. Sub-contractor insurance could also be crucial here to ensure that you are not financially culpable for mistakes by someone that you hired. If you are getting insurance for your company, make sure that you do research the market carefully. Don’t just find the right price, look for the business that can deliver the greatest benefits to you.
Cyber-Security
Cyber attacks are becoming more of an issue for every type of business on the market today. It’s incredibly common for a business to be attacked. Indeed, some reports suggest that there is a major hack on a business every 20 seconds. While these aren’t always successful, it’s important to put the right protection in place. That way, you can give yourself and your clients the peace of mind that they deserve. This can be as simple as investing in antivirus software or as elaborate as investing in full support through an IT Management team.
When you are thinking about cyber-security, do be aware that issues often stem from employees being targeted because they don’t have the knowledge that they need. As such, you need to make sure that you are teaching them to check for the signs of a cyber-attack. This could include an issue such as a phishing scam which are becoming far more prevalent.
Training
Since we mentioned training, it’s worth noting that training can help protect you from a wide range of different storms in your company. For instance, if you invest in training, then you can make sure that you don’t end up with a high employee churn rate. This can be catastrophic for your business and cost you an absolute fortune. One of the ways to deal with this is by making sure that you do show employees that they have a future at your company and that they are not stuck in a dead end job. Training can also help protect your business from the cost of personal injury lawsuits because human error is typically involved 90% of the time.
Health And Safety Officer
Of course, the other 10%, there will be another reason for an accident or incident in your business. That’s why you need to make sure that you are hiring a health and safety officer. They will check your business for issues in your work environment and this could be anything from loose wires to a faulty bulb. The aim here will be to correct a hazard before it leads to an accident. Usually, this is going to be possible if you use the services of the right professional.
Accountant
Next, you should think about hiring an accountant. An accountant can help protect your business from issues tied to your finances. For instance, they can help you fill out your tax return and that’s important. Ultimately, this means that you won’t end up with an investigation into your business because you have been paying too little in tax. This can tie up your business for years and end up costing you an absolute fortune.
Legal Support
Or, how about legal support options for your company? You might think that avoiding breaking the law in your business is as simple as having no intention to do so, but this isn’t actually the case. The reality is that it’s easy to stumble across the thin line between illegal and legal when you are running a company.
If you are worried about this, then do make sure that you are investing in the services of a legal professional. You can outsource this and ensure that the advice of a legal pro is always just a phone call away in your company.
Social Media Management
You might also want to consider hiring a social media manager. Did you know that more than 80% of customers won’t buy a product or service online before they have checked the reviews? Part of this is tied to the fact that they value the opinion of reviews as much as they value the opinion of friends and family members. You might think that this is just a case of checking for reviews in typical haunts. However, customers these days have a far more solid understanding of the power of social media and will use it to their advantage. They’ll set your brand ablaze that you haven’t lived up to your promise of quality. A social media manager can help put out these fires.
Background Check Services
Finally, as we have already discussed a lot of issues that you could face in your business will be tied to your employees. That’s why you need to make sure that you have the best team behind your company. There are lots of ways to ensure that you get the right team. However, we suggest that you think about investing in background checks. That way, you can make sure that candidates don’t have any skeletons in their closet that could come back to bite you further down the road.
Take this advice on board and you will be able to protect your business from the worst storms and downpours that could be just over the horizon. You will be able to strengthen your company model and guarantee that Your company does have the right level of security in place.
