Inflation and unemployment are on the rise. Interest rates are high, and the once-booming real estate market has slowed. Recovery from the COVID-19 pandemic has been glacial, and the supply chain still hasn’t bounced back. Leading economists predict a recession in 2023 – many believe we’re already in the thick of it. Prepare to… Read More »
In an increasingly interconnected world, personal information is easier than ever to acquire and retain. But individuals, states and countries are beginning to push back. With the passage of GDPR (General Data Protection Regulation) in Europe and the CCPA (California Consumer Privacy Act) in California, those who collect and store data are being called upon… Read More »
Security risks exist for every business, but managing those risks varies based on your business, location, number of employees and other factors. Creating a risk management guide is vital to knowing what to do when the worst happens. For instance, what would you do in an active shooter situation? From knowing the risks to practicing… Read More »
You don’t have to rely solely on external resources for your risk management plan. In fact, learning how to utilize internal resources allows you to benefit from all the expertise currently within your business. It’s only when your business works as a solid team that you’re able to avoid and manage risks effectively. While it might… Read More »
Sometimes you might feel like you’re all alone when trying to manage business risks, but the truth is, you have numerous resources available. All you have to do is learn what those resources are and how to access them. From local contacts to employees, you’re not alone. Running a business comes with risks, but you… Read More »
Knowing your business risks is only part of the battle. The next step is to identify and evaluate scenarios. Scenarios are designed to help you better understand how a risk would unfold and what it would mean for your business. It also helps you plan how to act in such an event. While your business… Read More »
Every business faces a wide variety of risks. From natural disasters to cyber attacks, no business is immune. This doesn’t mean you can’t manage your business risks. In fact, understanding risk management and planning accordingly is just as important as having a detailed business plan. To keep your business growing, you’ll need to find the… Read More »