Bankrate Small Business
I was recently interviewed for an article at Bankrate.com on how a small business could minimize the risks associated with running their business. I wasn’t sure when it was going to run but it appears to be live now.
It covers Seven different ways that every business owner should be reviewing to minimize their risks.
1) Be Cash Conscious
2) Insure against specific risks
3) Change your insurance as your business changes
4) Insure your key people
5) Use contractual indemnification clauses
6) Give yourself an out
7) Create separate entities.
I think it is a very good article (given that I was a source in it I guess I am a little biased huh? )
I have included a link to the article here. Bankrate Seven Ways to Minimize Risk in a Small Business Featuring The Wealth Squad CEO Scott Lovingood
Come back and let me know what you think about it. If you have any other specific suggestions I would love to hear them as well.
PS If you are interested in getting your own blog started, set up , plug ins installed and ready to go, I am getting ready to offer a very special deal shortly.
If you are interested sign up in the form below. (If you can’t see the form, jump over to the Contact Us page and shoot me an email.)
Related Posts - Small Business bookkeeping mistakes in Quickbooks Once you get your small business set up and running, you need to have a system in place to understand how well you are doing....
- Fail Fast - A Successful business approach or utter stupidity? What does Fail Fast mean to you? I had a very interesting conversation recently with Lisa Young, Head of the coaching team at Simpleology (Sign...
- Free Business Software - Open Office Vs Microsoft Office For many small businesses Microsoft Office is a GOLD standard software package. It includes Excel for accounting, tracking inventory, developing spreadsheets, etc. I have...
- Law of Attraction Plus the Law of Action Remember the movie The Secret It came out in 2006 and focused on the Law of Attraction and how simply thinking about the things you...
- Business Structure - Sole Proprietorship Laying the ground work for a new business can seem overwhelming if you are just starting out. Cathy from Absolutely Kneaded asked recently if there...
Related Websites - Blogging for Business Pt 2 Continued from "Blogging for Business pt 1" So why is there so much fervor surrounding...
- Naked Conversations: How Blogs Are Changing the Way Businesses Talk With Customers By Robert Scoble and Shel Israel Mention the names Robert Scoble or Shel Israel in the blogosphere and you’ll get a...
- Business Blogging Tips For Small Business Owners If you own a small business, chances are that you are already too familiar with...
- Stuck In High School [/caption] Do you ever find yourself getting an update on someone you knew in high...
- Top 5 Finance Sites I spend an healthy amount of time on the internet, so I figured I would share my...
