Day: October 29, 2014
Three Best Ways to Insure Your Small Business
Insuring your small business against a natural disaster, a fire or a catastrophic event is almost an afterthought in the scheme of daily operations, but it shouldn’t be. For starters, if you don’t have enough coverage to replace damaged or destroyed equipment, it might be harder – or impossible – to get your company running again. A quarter of businesses never re-open after a major calamity, according to the Institute for Business & Home Safety.Read More
How to Create a Disaster Plan
No matter how good you are as a businessperson and manager, there will always be circumstances beyond your control that can affect your business. No one likes to think about such large-scale catastrophes as devastating hurricanes, earthquakes or — in today’s world — terrorist attacks. Fortunately, those events are rare, but smaller “disasters,” such as computer crashes and power outages, can wreak havoc on a small firm. Preparing for the worst can help minimize theRead More
Medical marijuana in New York: Barriers High for Small Businesses
Medical marijuana is coming to New York state, and it could make some companies a fortune. But small business owners shouldn’t expect to make money from it. Providing New Yorkers with medical marijuana could be a profitable business for those savvy enough to get a license. Derek Peterson of Terra Tech, who ditched Morgan Stanley in 2012 to become a medical marijuana entrepreneur, says profit margins for the leafy business can be anywhere between 30%Read More