post_6046a8f95932f.png
Top Risks That Your Small Business May Face
Non Profits | March 08, 2021
Starting your own small business is a massive endeavor. To be successful, prepare yourself for the top risks that your small business may face.

Putting together a small business is difficult enough that it can be easy to neglect planning for the potential risks your business will have to contend with. Nevertheless, it’s never a bad time to start planning for dangers that could seriously impact your business. To help you prioritize potential dangers, here are the top risks that your small business may face.

COVID-19

As one of the top risks that your small business may face, none are as urgent right now as the COVID-19 pandemic. It’s important that you’re diligent in following CDC guidelines and ensuring your workplace is as safe as possible for you, your employees, and your customers. Routinely sanitizing the surfaces of your business will eliminate the build-up of bacteria and germs that may allow the virus to take hold within your business.

Liability Concerns

As a business owner, you are liable for physical damages, bodily injury, and keeping up with all your contracts and obligations. Making sure you have a strong handle on your responsibilities and maintaining good communication with your employees and customers is a good start. You should also consider having Commercial General Liability insurance, as even one mistake could be costly for you.

Your Reputation

The first two topics feed into this one. Building your reputation as a brand is crucial to encourage customers to visit your business. For instance, strictly following the CDC guidelines and sanitizing your workplace shows that you have the safety of your customers in mind; this will make them feel more comfortable about visiting during the pandemic. A business’s reputation will make or break its success.

Property Damage

Unfortunately, there are a lot of elements just outside of your control. Accidents, hazards, and natural disasters may damage your business’s building or the equipment and product within. Much like the risks of liability, covering yourself with insurance is a good safety measure that will reduce the burden of replacing damaged goods and equipment or repairing damages to the property.

Let's #BeAmazing Together

Team up with JustMy to help 100,000 businesses and non-profits get back on their feet after the impact of Covid-19 and the resulting recession.

The Campaign to Help
Our Goal, Help 100,000 Businesses & Non Profits
Become a Community Partner
You can be a Sponsor in Your Community helping locals get back on their feet.
Likes = Help
You can Help Your Community with Your Free Subscription to JustMy

Article

Kayla Keena
By Kayla Keena Tips for Finding Calm In the Chaos of Life The winds of constant change can leave you stranded. Here’s how to embrace zen habits and find collective calm in the rapid pace of modern life.

Article

Kayla Keena
By Kayla Keena Small Donations You Can Make That Have a Big Impact Even the smallest gesture can make a huge difference. Here are a few small ways you can give back to your community that will have a big impact.

NewsStand Partner | Article

LoveBIG, LiveBig - Jennifer J Hayes
By LoveBIG, LiveBig - Jennifer J Hayes Never Give Up On Love Death, divorce, and failed relationships are extremely difficult to recover from, and it’s understandable why so many people are tempted to give up on the possibility of finding happiness again.

NewsStand Partner | Article

LoveBIG, LiveBig - Jennifer J Hayes
By LoveBIG, LiveBig - Jennifer J Hayes Top 10 things you need when it comes to setting resolutions for love The start of a calendar year triggers reflection and resolutions from the masses, and it should. Periods for resolution and change happen regularly throughout the year, but the blank slate feeling that the new year brings is like no other.

NewsStand Partner | Article

JustMyCities
By JustMyCities This 10-Minute Routine Will Increase Your Clarity And Creativity - Benjamin P. Hardy “Your subconscious mind works continuously, while you are awake, and while you sleep.” — Napoleon Hill

NewsStand Partner | Article

LoveBIG, LiveBig - Jennifer J Hayes
By LoveBIG, LiveBig - Jennifer J Hayes Relationship Potential at 50 Dating at any age can be challenging however once you reach 50 and you’re looking for something serious, you don’t want to waste your time “just seeing” a guy who’s not a good long-term match.