Insurance is a necessary acquisition for any business, representing an agreement between the company and the customer that the insurance company will provide reimbursement for specific types of financial loss against a specified fee the customer will pay on a regular basis.Insurance can be regarded as a form of cushion that is used to minimize the financial consequences of unfavorable situations that can take place anytime in the future....more
Business owners really need insurance to protect their investments and valuable assets, especially if it is a small business, because there are numerous factors that can ruin the enterprise and turn all of your efforts into nothing overnight. Business itself in essence is connected to a lot of risk, but when a small business uses loans and credits for day-to-day operations, any financial loss no matter what causes it may be devastating both for...more
All franchises & business opportunities can be analysed for both growth and profit potential using very simple rules. These rules apply whether you are starting a business on your own or considering buying a franchise opportunity.The first golden rule in business is to analyse the market place that you are contemplating to enter. Is it a declining market or is it growing? Is it becoming more competitive or less? Is it forecast to grow or decline? The same rules apply when you are considering buying a franchise opportunity. What forces are at play in this segment? Let us assume that you are thinking of entering the retail trade and specifically men's clothing. By analysing the market or commissioning market research you will quickly discover that the segment is very tough indeed. Average retail prices when taking inflation into account have actually fallen in real terms. Average cost prices have not fallen so quickly. Margins are being squeezed. Average spending power has actually increased so certain highly specific segments within this segment could still hold their own.The growth in mail order and internet shopping for these products has risen over the same time. Supermarkets...more
There is a common myth among people who run a business out of their garage that their homeowner policy will cover all problems. Unfortunately, almost every domestic policy excludes liability for commercial risks. Worse, if you fail to tell your insurance company about the change of use, this gives them the right in law to cancel the policy and not...more
Many organizations conducting opinion surveys are having difficulties in finding enough responders. Today's society is governed by the very popular time is money philosophy, which expresses the essence of modern life. In addition, people are bombarded with hundreds of surveys over the phone, in their mail boxes or at their door and very few of them...more
You have heard about Errors and Omissions Insurance (E&O Insurance) from your insurance agent and now think whether it's useful to your business or not? No matter how big or small your company is, whether it's a small home business or a large production facility you own, not having any insurance is a risk that you just can't afford. Moreover, if you produce products or services, your business is automatically exposed to Errors and Omissions. Even if you already have Commercial Liability Insurance policy you still aren't fully protected against liability due to personal negligence. General liability simply doesn't pay for errors and omissions you or your workers make when producing goods or delivering services.Why should you buy E&O Insurance?Errors and Omissions Insurance is quite simple to understand if you refer to it as Malpractice or Professional Liability Insurance. The list of professionals who should purchase E&O Insurance include lawyers, engineers, doctors, accountants and any other enterprises that work with clients, providing either services or products that may become the cause of liability if there is a professional error. As you may understand there are countless...more
Business relocation is one of the most unusual events for most organizations. The process of relocation is more complex that in appears. Especially in business relocation, all items of offices need to be packed and moved. Most of the items of offices...more
Doing business is quite risky in nature, no matter what your enterprise is doing or where are you located. Even the safest types of services located in the most favorable areas for doing business aren't completely safe from risks, simply because this...more
Business coverage can be quite hard to understand for those who have never dealt with it, or those who are making their first steps into entrepreneurship. Here are some of the most frequently asked questions concerning business coverage and answers...more
A blog needs to have a pleasing look and feel suitable to your business. A law firm's blog with a black and white theme design would convey professionalism whereas a design firm with a colorful blog theme would suggest creativity. Blogs needs to be...more
EARN CASH FROM YOUR WEBSITE By: gillardg About the Author A steady revenue generatorImagine running of a something that never failed to provide you with cash-flow. A free money system so amazingly profitable that you never had...more
You can get balloons in a variety of price ranges from the very inexpensive round or oval balloons printed with your company name to custom shaped and printed advertising balloons measuring several feet across. Because of the low cost, the small...more