Congratulations to you if you run a small business, especially if you founded it yourself and got it off the ground. Hopefully, it’s centered around a product, service, or idea that you either love and came up with yourself, or is at least something you are good at and enjoy.
Things You Should Know to Protect Your Business
The experts aren’t kidding when they say that small businesses are the primary engine of growth of the national economy, as the majority of new jobs created happen because of places that have 50 or fewer people working for them. If yours is still in that category, then you likely feel responsible for those working underneath you. Even when it was just you, you worried about the fiscal health and financial future of those that depend on you.
So, you do everything you can to keep your business stable, running, profitable, and growing. But how do you go about protecting your small business?
There are many things you can do to protect your small business. If your operation has a brick and mortar physical location, then you should have doors that lock, monitoring systems, and a security apparatus in place that tracks who comes and goes. You might even want live monitoring of your facility when no one is physically there.
Do you have an online presence?
Your server should have a great firewall to avoid getting hacked, and there should be a backup of your entire site at a different location than the home server. Speaking of which, choose a server host that has ridiculously good uptime and more than one location. You might even want a dedicated server all to yourself so that you don’t suffer if another client gets hit with a DDOS attack.
In terms of your internal operations, make sure you have someone trained to handle all tasks that are necessary for the operation of your business, but also see to it that there are backups in place. People take vacations, get injured, fall ill, have too much work, or even get promoted into other roles. While you yourself might be someone that does things no one else can do within your small business, delegation and redundancies are great failsafes so a team can pull together.
Having said that, what happens if you as the owner or operator have something that no one else can do for the business? What if something happens to you? Having the right small business insurance can provide for a smooth transition of the outfit for a while so that someone else might buy it, or the whole establishment can be dismantled smoothly, giving all your employees a paycheck enough longer they can land other work.
Take Liability insurance from Procom Insurance is also a good thing to have, even if you are personally healthy and fit for years to come. One wrong decision by a judge or jury could leave your business burdened, and being insured can mean the difference between going under or keeping the doors open and lights on.