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Keeping Your Business's Finances on Track
One of the biggest benefits of operating a home-based business is that it doesn't require any formal training or experience. After all, some of the most successful individuals never attended a single business-related class or workshop.
The only...
Surefire Ways to Attain Moneymaking Success
You have probably heard other people say that "Money isn't everything" or "Money can't buy happiness." They may be right in some aspects; but it's not just about the money.
It's about having an ideal lifestyle - being able to have control...
Ten-Step Guide to Boosting Your Site's Traffic and Revenue
1. Hunt for Catchy Domain Names and Get a Quality Paid Host
You probably have a domain name already, but you might consider getting new ones for different sections of your website or for different target markets. Gone are the days when it...
The Seven Best Ways For Salespeople And Entrepreneurs To Build AWESOME Customer Relationships
What’s the one thing starting today that you could start doing, stop doing, or change that would have a dramatic impact on your client relationships? It’s an excellent question and I hope you’ll take a moment to consider your response.
It...
You Can Become A Successful Internet Entrepreneur!
Everyday people ask me if they will make money with the internet. Of course i said. But it takes times and determination. You cannot expect to make a six figure income in just 30 days. But you can make a six figure income in 2 to 3 years working...
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Small Business Disaster Preparedness: How to Survive a Catastrophe
"Disaster preparedness" sounds dry, even dull ... until your
business takes a major hit from circumstances beyond your
control. The sudden devastation shakes you to the core. What do
you do?
According to The Gartner Group, an IT industry consulting firm,
four out of ten businesses hurt by disaster never get back on
their feet. Two out of ten more go out of business within two
years after a catastrophic event. The numbers are even more
staggering for small and micro-businesses.
Ironically, smaller companies and home-based businesses are in a
better position to recover quickly - IF they've taken a few
steps in advance to prepare. You can't stop the force of nature.
But you CAN keep your business from becoming another statistic!
Here are three fundamentals to greatly increase the odds that
your small business will survive a disaster:
1. Back up your data. Computer files and sensitive papers
are irreplaceable once they're destroyed. If you work at home,
copy your files daily and place the back ups and important
papers in a fire- and water-resistant safe. Most small
businesses don't do this! But you must if you intend to quickly
resume operations after the moment passes. If possible, keep
your back ups in a separate location from your office.
2. Insure what you can't afford to lose. This usually
elicits a "sure ... right!" from home-based business
operators,
especially early in their new careers. But can you afford to pay
the replacement costs yourself? Also, make sure to keep updating
your inventory and equipment list so that you can later prove
your claim. Keep that list in your safe as well.
3. Network to cover your customers during your down-time.
Make friends with other business owners who provide the same
services that you do. Contrary to popular belief, you will
likely gain your customers' loyalty by helping them meet their
needs elsewhere until you're back in service. And if you think
about it, they'll have to go elsewhere anyway while you're
putting things back together!
These three steps - backing up your data, insuring what you
can't afford to lose, and networking with other service
providers - will protect your business from most unnecessary
harm due to disaster. They won't cover everything but they will
get you to "higher ground" if the unthinkable happens.
You can't plan for everything. But most businesses that succumb
to catastrophe do so because they missed the basics. The
terrible moments always pass. Will your business still be
standing?
About the author:
Michael Riley is a freelance business writer who specializes in
trade press and association publications. For expanded
information on this topic, please visit his website, www.bymichaelriley.com
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