Insurance Insights
How to Establish Credit for Your Small Business
A strong credit history for your business is the foundation for success and expansion. It can reduce your interest rate of loans and provide you with access to capital to fund growth. It can take up to six months to establish enough credit for your small business to produce a credit score. If you plan or requesting a loan or making a large purchase for your business, allow enough time to establish credit before applying for the loan.
How to Protect Your Retail Business from Flash Robs
There’s a new criminal phenomenon that’s affecting small businesses, particularly in the retail sector. Known as flash robs and multiple offender crimes, this new crime involves participants using social media to organize groups to set their sites on retail stores and steal merchandise. These crime groups quickly enter a store, focus on specific merchandise (usually high-end products, like handbags and jewelry), steal large quantities of targeted merchandise, and then flee using mass transit or a waiting vehicle.
Tips for Managing Small Business Cash Flow in a Down Economy
Tighter credit terms, slow-paying customers, and a lingering lackluster economy continue to hamper the cash flow of small businesses. Cracking down on your cash flow management is a good way to ensure your business has staying power during the good times and not-so-good times.
Best Practices for Extending Credit to Your Customers
When you give your customers the option of purchasing your company’s products and services today, but pay for them later via check or invoice, you’re essentially extending your customers credit. While the credit card company typically manages the risk when customers pay you through a credit card, when you allow customers to pay you through an invoice or check, the risk falls more heavily on your shoulder.
11 Tips to Prepare Your Small Business for Winter
Burst pipes, flooding, ice damming, and a heating system malfunction are all potential consequences of ol’ man winter. Winterizing your business not only helps to maintain continuous operations, but can save your business money.
Women Small Business Owners – America’s New Job Creators Infographic
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5 Steps to Implement a Risk Management Plan for Your Business
As a small business owner you have many titles including Chief Marketing Officer, Chief Financial Officer, and Chief Operator Officer. But there’s another one to add to the list: Chief Risk Officer. While risk is inherent in any business, it can be managed and mitigated with a risk management plan.
Risk management may seem quite complex, but you can implement a risk management plan for your business by following these five steps:
Sexual Harassment in the Workplace Infographic
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The bolt Sexual Harassment in the Workplace Infographic explains through images what sexual harassment is and how to prevent sexual harassment from happening at your small business. It is the ultimate free resource for helping to protect your business and your future against sexual harassment claims and help to provide a comfortable working environment for all employees. Presented as an infographic (created for bolt by Infographic World) to help you the business owner more easily visualize and retain this important information that you-need-to-know! Our research shows that your business is more at risk than you think and that you need to act now in proactively protecting your business! BOLT’s dedication to the protection and success of small business owners means that we want you to be protected.
Create a Small Business Continuity Plan
A small business continuity plan, or BCP, identifies and establishes a plan of action in the event of a company’s exposure to internal and external threats, such as disaster recovery and data security. Detailing a specific continuity plan of action aids organization recovery, while also helps to maintain a competitive advantage during the disaster or emergency situation. A BCP helps to ensure that existing and prospective customers won’t flee to a competitor because your business had to discontinue operations as a result of an emergency situation.
Data Breaches: Why Small Businesses Should Be Just As Concerned As Large Corporations
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