How To Protect Your Small Business From Big Disasters

How To Protect Your Small Business From Big Disasters

Setting up your business isn’t actually that difficult. Anyone can set up a business these days. All you really need is an idea. You don’t even need funding. It is possible to start a company with exactly zero funds. The difficulty comes when you attempt to keep your business functioning correctly and guarantee that it doesn’t fail on the market. There are an alarming number of threats to your business that you will need to consider, plan and prepare for in advance. Let’s look at a few here and make sure you’re taking the right course to keep your company on track.

Cyber Threats

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As a small business owner, you might think that you aren’t as vulnerable to cyber attacks as bigger companies on the market. This isn’t true. Small businesses can be targeted, particularly if criminals notice that you don’t have the right level of security to protect your company. The key mistake to avoid here is cutting corners. A great example of this would be the choice of running your business website on Http or Https. Https is the more secure option as it encrypts all the different files and data that is transferred through your site. However, nearly half of all sites have not upgraded. You shouldn’t make this mistake, and you must pay the cost to guarantee your site is secure for your customers.

Tech Failure

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Are you running your business online? If so, it’s important to be aware of just how reliant on technology you will be. Tech will be at the heart of your company – from the systems you use to allow customers to make transactions to how you handle payments for service. Then there’s marketing to make sure that customers continue to buy from your business. All this runs on tech. So what happens if your tech breaks or fails? Ultimately, you will enter into a period of disaster recovery, and at this point, your business will be off the market. When that happens, your company could be forgotten, so you need to make sure that your downtime is as short as possible.

You can do this by using a backup service. With a backup service, all your computer files and systems can be copied and stored on a cloud server provided by a company like Red Key Solutions. Once you have a backup in place, a complete system repair can take minutes rather than weeks or even months.

Your Safety Net

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Lastly, you will need to make sure that you have safety nets around your business to protect you from any potential issue that could kill your capital. We are of course talking about insurance. At the bare minimum, you will want to make sure that you have general liability insurance. This will protect your business from costs associated with a wide range of legal issues and personal injury claims.

These are just a few of the big issues that can impact your small business and the best way to protect yourself. If you take this advice, your company will survive some of the worst disasters.

 

 

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