Enterprise Podcast Network

Enterprise Podcast Network

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Enterprise Podcast Network episodes

  • Why entrepreneurs should start a business in an international location - Entrepreneur Podcast Network – EPN
    There are a wide range of factors to consider when starting your own business. You need to turn a bright idea into a saleable commodity, or a viable service. You need to raise the capital and financing that you’re going to need in order to get your start-up off the ground. You need to think hard about how and in what fashion you’re going to structure your business, and how you’re going to sell it to the rest of the world.
    All of these matters need to be given careful consideration, but another aspect that you might easily overlook is location. This doesn’t just mean the choice between renting an office or working out of your bedroom, or getting a prime shopfront in the downtown district. It means considering whether it might be better for your business to be based in a different country altogether.
    Cost-effective
    There are many reasons why entrepreneurs might want to consider starting a business in an international location. First and foremost is cost. Many of your basic business overheads are going to be a lot cheaper if you’re based outside of the US. Hiring premises and staff, buying equipment, advertising and logistics may all be considerably cheaper in other territories.
    If your business is primarily going to be run online, as so many start-ups are, then you don’t have to worry so much about overheads. However, the great thing about running an online business is that you can be based anywhere in the world and still compete. Why not move somewhere that has cheap rent or property prices, low living costs or low taxes? You can then put more of the money that you earn back into growing and developing your business, and there will be less pressure to be making big money from day one.
    Living the dream
    It’s genuinely possible to live the dream of being a location-independent nomad capitalist with an office that consists of a laptop and a smartphone, working short hours on tropical beaches or while killing time waiting for a flight to your next destination. International money transfers have never been easier, so whether you need to make a payment or get money sent abroad from home, it can all be done with a few clicks of the mouse or taps on the screen.
    Get out of your comfort zone
    There’s also something to be said for how living abroad can help to develop your entrepreneurial skills. After all, moving to a different country requires you to be adaptable and to be able to come up with creative solutions to problems while thinking on your feet. You need to be prepared to take risks and follow through on your decisions. Just as writers and artists have often lived and worked abroad in order to gain inspiration, so entrepreneurs can develop new ways of thinking and looking as a result of exposure to different cultures and mind-sets, which can lead to new and productive business ideas. 
    Research thoroughly
    Anyone thinking of taking this route needs to plan ahead carefully, however. Visit the country that you’re intending to live in several times before committing, and if you’re actually going to be selling to customers there, thoroughly research your potential customer base – and the local competition. 
    If you’re undecided about where you want to go, look for a country with a skills shortage or a gap in the market that matches what you have to offer. If you’re going to be working with clients or taking on employees abroad, find out about the working culture, usual hours and public holidays. Cultural sensitivity is paramount here, as is an understanding of government and business regulations. Network and make contacts that can help you to fit in and bridge any communication gap that exists between you and your new country-folk.  
    It’s also important to look closely at what your tax situation will be as a US citizen working abroad, both …
    0 min
  • How to Manage Your Growing Business for Success - Entrepreneur Podcast Network – EPN

    Michael J. Swanson, the President and CEO at Advocate Capital, Inc., a company that provides case expense funding for plaintiff law firms joins Enterprise Radio. He is also the author of the book How David Beats Goliath, Access to Capital for Contingent-Fee Law Firms.
    Listen to host Eric Dye & guest Michael J. Swanson discuss the following:

    * Your company has grown consistently for nearly 20 years, how have you maintained and controlled that growth?
    * Do you have any goal setting tips for businesses that want to grow?
    * What advice do you have for businesses that are planning to hire and train new employees?
    * What advice would you give to someone who would like to be a better manager?
    * What part does a business owner’s personal finances play in the growth of their business?

    Michael Swanson has been a shareholder, Member of the Board of Directors, Chief Executive Officer and a member of the Credit Committee of Advocate Capital, Inc., since 2000. His daily role at Advocate covers a wide range of activities including client relations, strategic planning, credit underwriting, marketing and public relations.
    Since 1999, Mr. Swanson has also been President and a Member of Wellgen Standard LLC, a private equity firm.
    Prior to Wellgen and Advocate, Mr. Swanson was Vice President and General Manager of Champion America, Inc. He held a variety of positions at Champion from 1989 until its sale in 1999 to Brady Corporation, Milwaukee, WI (BRC:NYSE).
    Mr. Swanson is the author of How David Beats Goliath: Access to Capital for Contingent—Fee Law Firms. The book is a definitive, common-sense read that explains how contingent-fee law firm funding works, who provides it, what it costs, and how law firms can acquire and use it efficiently.
    Mr. Swanson is also a member in good standing of the American Society of Trial Consultants (ASTC). Mr. Swanson attended The Ohio State University and Cleveland State University.
    In addition to his responsibilities at Advocate Capital, Inc., Mr. Swanson has been a lecturer at seminars and CLE programs nationwide, focusing on financial management and operational excellence at trial law firms.
    At Advocate Capital, Inc., their main focus is helping plaintiff law firms get even better results for their clients by giving them access to the capital that they have tied up in case expenses. Their clients are the best and brightest trial lawyers from all over the United States.
    Please visit AdvocateCapital.com or call (877) 894-9724 to learn more about how they can help you and your law firm become even more successful.

    Website: www.advocatecapital.com
    Social Media Links:

    Facebook: https://www.facebook.com/advocatecapital

    Twitter: https://twitter.com/AdvocateCapital
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    14 min
  • Tips to Select the Appropriate Bank for Your Small Business - Entrepreneur Podcast Network – EPN

    If you are looking forward to start off a small business, then you might be requiring an option to finance your business. For the achievement of the financial goal for your business, it is quite necessary that you choose a reliable bank and a supportive bank. Irrespective of the fact whether your needs are simple or complex, the choosing of the appropriate bank that best suits your business needs is of immense importance. Now, at this point of time, you might be confused about the selection of the banks due to the availability of a large number of options. Thus, for making the task easier, you need to follow some of these essential tips.

    Assessing your needs

    First of all, it is of immense importance that you rightly assess your needs. The proper identification of your needs is quite crucial in terms of selection of the most appropriate bank for the purpose of financing your business. You need to plan a budget according to the specialization of your business which in turn would be helping you to know the exact amount that should be allocated for each category, say, promotion, operations, etc. If this is note done, you will land in utter confusion. 

    Comparing the features

    You will obviously find a number of banks from where you can easily get the loans for the fulfilling of the financial goals of your business. However, it is always recommended that you should not limit your search to only one or two banks. You should go for speculating a number of banks and at the same time a comparison of the features and facilities provided by each of the banks need to be done. This would be extremely helpful in the selection of the right bank for your small business. To make your business transaction easier, you may even check out the online banking facilities provided by different banks, from websites like Money Plate.

    Checking the size of the bank

    There are a number of banks that lends you money for starting up of small business but before you approach a bank for a loan, you need to make sure that the bank is not clamped down on credit. You need to make sure that the bank that you select for the achievement of your financial goals has the ability to provide you with the required financial support. It has been noticed that the small banks and the medium sized banks are more likely to lend money for small businesses. Thus, it would be a good option to approach them. 

    Going for re-evaluation

    After you have found out the right bank for your business needs, you should make it a point to re-evaluate all your financial needs every time your bank changes something or the other in terms of its features or service like increasing the rate of interest, the addition of a periodic charge, and so on. 

    Therefore, at the time of looking forward to finance your small business, before you approach a bank, you need to do your homework to get the most suitable bank for your business requirements. 

    0 min
  • 5 Steps to Starting a Financial Podcast in Your Spare Time - Entrepreneur Podcast Network – EPN
    Maybe you work in the finance world, maybe you don’t, but you have gained a great deal of. knowledge and experience when it comes to finances. People have told you before that you have a voice for radio and that you should start a podcast on the side. 
    The idea is not a bad one. A podcast is a form of teaching that can help you learn as well but it can also turn into a little cash on the side if you start to get a wide audience and get some sponsors for your podcast. Of course, the key is that you have to broadcast regularly and provide quality content, including guest appearances and more. 
    How do you get started podcasting about finance in your spare time? Here are five steps.
    Choose your Software
    There are all kinds of podcasting software and sound editing software out there, from professional programs to those that are free and open source. Of course, there are a few that are commonly used and stand out from the rest. 
    Audacity: This is a free and open source sound editor that is probably one of the best on the market in that category. Editing tools are powerful, and with a little coding knowledge you can customize the program to fit your exact needs. There are also plugins available that make this software work better, and it is hard to go wrong with this simple program.
    Hindenburg Journalist Pro: Rather than being designed to record music and adapted to do voice, this program is designed for radio and Does exactly what podcasters need it to do best. One of the most prominent features is the auto-leveler, which keeps vocal levels consistent, and the Voice Profiler, which auto sets the equalizer for each voice in the podcast.
    Adobe Audition: A part of the Adobe creative suite, this is a full featured audio mixing program that is used by many podcasters and radio journalists alike. There is a learning curve, but with a little effort you can develop a quick system for podcast editing, and you have all the features you could hope for at your disposal if you need them. 
    Pro Tools: Another full-service audio program, Pro Tools comes in three versions, free, a pro, and an HD version that is supposed to be one of the best audio programs out there. Like Adobe, there is a small learning curve, but many features make this one of the most desirable software packages out there. 
    From free to full on pro, there is software out there that will help you get your podcast going. 
    Set Up Your Studio
    You will need a place to record, and while you can use a second bedroom or your office, you will probably need to make some modifications to it in order to make it work best for you. This means everything from a good microphone to sound proofing panels. 
    You don’t have to do everything at once, but high-quality sound matters, and while you can cut out annoying background noises using software, keeping them to a minimum will benefit you the most when it comes to the time and effort you spend editing. 
    There are different quality microphones too, from simple USB plug in mics to full on audio interface microphones. The better mic you have, the better your initial sounds will be. If you have guests, they each need their own mic, or you need one that is omni-directional and high quality. 
    Of course, this and setting up sound reflecting and soundproofing will cost money, but in the long run it will be worth it when your podcast takes off. 
    Practice Makes Perfect
    Practice your podcast a few times before you start. Especially at the beginning. It is good to be able to “wing it” but a general script and questions along with time limits for answers will really help each broadcast be the best it can be. 
    The other thing you can practice is audio editing. The more you edit, the better quality sound you will have, and practice sessions help you hear common b…
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  • 3 Ways that CRM can Help Your Business - Entrepreneur Podcast Network – EPN
    Customer relationship management is a strategy organizations use to build long-lasting relationships between the business and its existing and potential customers. CRM is meant to build and maintain healthy business relationships, harmonize business processes and increase profitability.
    CRM technology can help your business focus on building relationships with individuals such as customers, service providers, suppliers and colleagues. CRM assists in building new relationships with potential clients, winning prospective business, providing services and offering support throughout the entire business cycle.
    Good customer relationship is important for the growth of your business. Not only does your business grow faster, but also benefits from enhanced quality of services. Here are three ways CRM can help your business:
    Top 3 Ways Your Business Can Benefit from CRM
    Reduces the Cost of Sales
    The probability of selling to a new customer is lower than selling to an existing client. The probability of selling to a new client ranges from 5% to 20% while the probability of selling to an existing customer is about 70%. Getting new customers in your business is an aspect of growth. However, you can offset sales by selling more to your existing customers.
    Renew opportunities you have with your existing customer base to improve your sales. Identify untapped opportunities among your existing pool of customers instead of making dead end deals. It can save you a lot in terms of the cost of sales.
    Customer relationship management helps boost sales effectiveness. Know your clients well enough to schedule the best timing to approach them, reducing the cost of sales. CRM also enhances sales efficiency, further reducing the cost of sales.
    With CRM, you have access to all the important information about your clients. You always know the ranks in positions to address and contact details in case they change, including physical addresses. Access to such information allows you to provide efficient services.
    Fosters the Development of Sustainable Relationships
    Sustainable business success is achievable through an in depth relationship between customers and an organization. Make an effort to understand your customers. Review the history the few clients you have and build a relationship based on mutual trust.
    CRM assists in exploring customers’ challenges, interests, preferences and goals. Take note of these challenges and record them in your CRM system to enable you deliver efficient services to your existing and future clients.
    With CRM, you get to know the products or services your customers consume and their pattern or habit of purchase. As a result, you can provide relevant content and information to the same customers.
    Attracts the Right Customers
    One of the most important aspects of a business is time. Have you been prospecting for new leads through marketing, but your sales team spent financial resources and so much time without producing attractive outcomes? If your answer is yes, a CRM strategy is what you might need.
    Make the most of email and social marketing automation by linking it to a CRM system. It projects sales and marketing to a higher levels. Your business can attract new customers and enhance decision making.
    CRM can help your business improve customer retention and improve customer services in general. Ultimately, you get to improve your business productivity, thanks to customer relationship management.
    Check out UK CRM system to find out how it can help improve your business for increased growth and sales.
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  • Why Do So Many People Love Vacationing in Los Angeles - Entrepreneur Podcast Network – EPN
    Los Angeles is a city with a purpose; it is built to entertain. With an estimated one in six residents of LA working in creative industries, the overwhelming feeling is of an industrious city of art. LA is clearly made by and for people with a strong work ethic and high cultural capital. LA contains more museums per capita than anywhere else in the world. LA is made to entertain, and in this respect is at the pinnacle of human evolution; society is at a point where one of the most populous cities in the world is based on simply creating entertainment for itself.
    This is an oversimplification, of course. There are a great number of industries in LA and the surrounding area, from cutting edge IT and robotics to traditional agriculture, and it has a long history of hardship and an ethos built on proud working class roots. All this helps to create a feeling that the city has risen through hope and labour to become the hub of culture and of human creativity that it is now. Los Angeles is, more than anywhere else, the culmination of the American dream.
    LA is the subject of innumerable songs, and the home of some of the most important music of the last hundred years, segueing through an eclectic mix-tape from the smooth sounds of early and golden age Hollywood through a legendary jazz scene, classic 60s Cali-pop, West Coast rock and hardcore punk to politically charged gansta rap, rave culture, and indie sounds.
    LA is happily situated along a dramatic curved stretch of coastline, where silver sands, turquoise seas and palm trees make it feel like a tropical paradise. It’s not hard to remember where you are, though, with the city bustling behind you and surfers catching the waves wherever you look. Leave the city to the East, and you’ll soon find yourself in countryside you’ll recognise from every Western you watched as a kid. Southern California is a land of microclimates, and here you can be among lush and verdant orchards, trees heavy with citrus fruit and almonds, while only a few minutes down the road you’ll feel the dry heat of the arid California desert. This natural biodiversity means that there’s a huge variety of local seasonal produce available and it’s easier than ever to enjoy the sunshine flavours of SoCal when you’re in LA. And then there’s the wine, of course. Only a short drive out of the city and you’ll have your choice of vineyards for tours and tastings. There are several companies offering wine tours out of the city to take in the scenery and vineyards – these are clearly the choice to take if you’d like to take in a glass, or a bottle, of fine Californian wine in the countryside where the grape is grown, and not have to worry about driving home.
    Los Angeles is a fantastically multicultural city, with a diverse and fluid population. There are several historic immigrant enclaves enriching the cultural environment; these historically defined areas are now eclectic, vibrant places to visit and soak in the ambience. Visit the ingeniously named Tehrangeles, as well as Chinatown, Koreatown, Little Tokyo and more. These are the places to go to if you want great street food, amazing variety and value, and to sample authentic ethnic cuisine surrounded by bustling and tight-knit communities.
    Farmers’ Markets like The Grove are also great places for grabbing a bite from a huge selection of great, reasonably priced food. It’s a great place to feel part of the city, to watch people, and to enjoy the locally farmed food and cottage industries output.
    Though a sprawling metropolis, parts of Los Angeles have the feel of a college town, thanks to the three world-class universities in the city limits. There are also numerous specialist colleges and vocational education centers, and myriad public and private libraries. With such a high…
    0 min
  • Successful Addiction Treatment Programs & Entrepreneurship - Entrepreneur Podcast Network – EPN
    “Success doesn’t look like what you thought it would look like.
    It ends up being something completely different.”
    Robert Castan
    Successful addiction treatment programs and entrepreneurship? Together, in the same title?
    Is that even possible? The answer, surprisingly, is “Yes.” In both the title, and in the world of drug and alcohol rehabilitation. The key to the success of any organization whose aim is to put addicts on the road to recovery lies in the motivation, and not many come more motivated than the President and Chief Operating Officer (COO) of The Evergreen at Northpoint, a drug and alcohol rehabilitation center in Washington, Robert Castan.
    Back in 2010, after finally seeking help for his own addiction (one that nearly led to his death), Robert chose to help others find freedom from addiction as his life’s purpose. From that moment in his life, he has gone on to create highly successful and innovative addiction treatment programs across the western U.S.
    In 2014, Robert co-founded Northpoint Recovery in Boise, Idaho. From its inception to the facility layout, marketing campaigns and key team development, Robert oversaw it all. With Northpoint’s growth and success, Robert assumed the position of Chief Operating Officer. 
    Today, Robert supervises the daily operations of the administrative, marketing and intake teams, as well as assisting in key growth initiatives. As he says in his bio on the website, “I am extremely proud of what we have created at Northpoint Recovery, we get to do something we love and help people change their lives.” 
    Robert is someone I admire greatly, and, fortunately for me, our paths recently crossed, enabling me the opportunity to ask him about his motivation, his ideas, and how his entrepreneurial skills apply in the field of addiction treatment and recovery. Insightful, informative, honest, and a little heartwarming, here’s what Robert had to say:
    Describe your personal motivation in bringing Northpoint Recovery from its inception to fruition?
    The main motivation is that addiction treatment in the United States has been fairly institutionalized, with the approach that “one size fits all.” What has happened is that it’s created low insurance reimbursement based on bad outcomes.
    So firstly, one of the main reasons for doing what we do every day is we want to see people get better, and we think we are the most equipped to do that. Secondly, we’ve got to change the tone. A lot of insurance companies has come to the conclusion that inpatient treatment is more like a waste of money than a benefit. We wanted to do something different so that it can actually help people.
    Also, there were a lot of shady business practices that were happening. We wanted to create a company that people were really excited about, and one that could change the face of addiction treatment in the U.S.
    Evergreen at Northpoint is an intensive outpatient (IOP) drug and alcohol rehab facility. What are the benefits of IOP?
    First of all, it’s always got to be based on each individual’s need. There are a decent amount of people that wouldn’t always require an inpatient stay before they could actually find lasting recovery. Inpatient is good for people when they’re using drugs and alcohol – they really are in some problematic areas. Typically, they may be ruining people’s lives around them, they may be in very dramatic situations.
    So, inpatient gets them out of all of those exterior problems that are holding them back, and it puts them in a controlled environment where we can stabilize them medically, because a lot of people are coming off heroin or alcohol, and wouldn’t be medically stable if they try to do that on their own.
    We also combine the socio-physical aspects of it, so we do all of the therapeutic components to meet them wher…
    0 min
  • The Biggest Cyber Threat and Security Trend to SMBs - Entrepreneur Podcast Network – EPN

    Ari Vared, Senior Director of Product Development at San Francisco-based CyberPolicy and CoverHound joins Enterprise Radio to discuss the biggest cyber threat and security trend to SMBs.
    This episode of Enterprise Radio is working in association with the Cyber Security Channel.
    Listen to host Eric Dye & guest Ari Vared discuss the following:

    * What it is you do at CyberPolicy.
    * There seems to be an endless stream of news around cyber security with attacks on major businesses like Target, Home Depot, Google, Sony, VISA/Mastercard, JP Morgan Chase, and Equifax, just to name a few, so my question is: How can SMBs better prevent and prepare for such cyber attacks?
    * What do you think is the biggest cyber threat and security trend to SMBs?
    * How are you guiding SMB leaders on their security approach in today’s cyber  landscape?
    * Can you tell us some of CyberPolicy customers and how you manage their security needs?
    * For those SMB leaders and executives listening right now, what is the one advice that you can share for them to take and use as a best practice to implement in their respective companies?
    * How can they reach you and learn more about CyberPolicy?

    Ari Vared is the Senior Director of Product at San Francisco based CyberPolicy, providing small businesses with the cybersecurity advice, tools, and insights they need to protect their data, operations and reputation. A wholly-owned subsidiary of CoverHound Inc., CyberPolicy is the world’s first and only comparison site for cyber insurance, helping companies Plan, Prevent, and Insure against today’s modern threats.
    Ari has spent over a decade helping small businesses sharpen their product, strategy and operations to increase growth and partnership opportunities. His passion for SMBs and expertise in cybersecurity and cyber insurance enable him to provide comprehensive insights for SMBs who are often underserved and most vulnerable to data breaches and cyber attacks.
     

    Website: www.CyberPolicy.com
    Social Media Links:

    Facebook: https://www.facebook.com/CyberPolicyOfficial

    Twitter: https://twitter.com/cyberpolicy_com

    LinkedIn: https://www.linkedin.com/company/cyberpolicy
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    17 min
  • 3 SEO Techniques That Still Work in 2018 - Entrepreneur Podcast Network – EPN
    It’s always the ultimate desire of anyone with an online presence to rank high in search engines (Google Search, Yahoo Search, Bing, etc.). Today, you have more than a couple of options for how to do well in these searches. At the same time, there’s no denying that some conventional tactics are still the most relevant when it comes to search engine optimization.
    Here’s a lowdown on what techniques have held their worth over the years:
    Organic Link Building
    While reading articles about the success of sites like Unilad and BuzzFeed may highlight the impact of social media influence on SEO, organic link building remains one of the best ways to enhance search engine rank of a website. Even sites that thrive on social following know that it’d be hard to gain and maintain a strong internet presence if no one linked to their site. They benefit from the fact that their content gets shared, discovered, and linked to in large numbers. Essentially, organic link building is an art in itself. A new website can find it hard to gain social media traction, get permission from authority sites to contribute a guest post, and create SEO-optimized content.
    Even existing sites can fall flat on their faces because of lack of resources/lack of concentration on quality of incoming links (Google isn’t shy about penalizing big names). Fortunately SEO service providers like HigherVisibility.com are helping companies engage in quality white hat link building by seeking out links from several authoritative resources. Such companies use their experience and research tools to give their clients a leg up on competition as well as offer valuable content that helps build clients’ companies into an authority. Only the most reputable links make it to their list.
    2. On-Page Optimization
    The structure of web pages and the content it contains is only a piece of the SEO pie, but a very critical piece. If the structure is distorted, it’d be challenging to gain favors from search engine companies. Hence, it’s vital for site owners to get on-page optimization right. Some critical factors of on-page optimization include permalink structure (URL link), title tag, meta description, header tags, internal (inbound) and external (outbound) links, and keyword usage.
    Title Tags should include the main keyword you’re targeting plus search intent. For instance, if you’re targeting soldering irons, the title tag could be best soldering irons or top 10 soldering irons. The meta description should be an excerpt of what a webpage is about and include the focus keyword. URL link should be clean rather than a link that includes a whole date. Header tags (h1,h2,h3 tags) should break up your content. The webpage should include a decent number of links to your content as well as other authority websites. Lastly, keywords should be used throughout the webpage.
    3. Content Marketing
    Content marketing is still a great way to build an online presence. It involves publishing link-worthy pieces of content on a regular basis. Site owners should try and get the most value from every article they produce by distributing their content in different formats: infographics, webinar recordings, blog posts, ebooks, whitepapers, videos, etc. There’s plenty of room for creativity when it comes to content.
    Multiple content formats not only allow you to generate more links, but it also ensures your presence goes beyond search engines. For instance, videos will first be indexed by YouTube before the YouTube link for them is indexed by Google, so you’ll have a higher chance of being seen than if you are just indexed in a Google Search listing.
    Because these techniques still matter, you can incorporate them into your existing SEO strategy to improve site traffic and gain a strong foothold in search engine listi…
    0 min
  • Basic Insurance for Entrepreneurs - Entrepreneur Podcast Network – EPN
    Insurance for Small Businesses
    Whether you are just launching your business or are already established, Insurance is one of the most overlooked business requirements and one of the most important.
    If you are now an experienced entrepreneur, you know that starting a business isn’t just sleeping in and not having time for brunch. Its hard work and sweat and maybe some tears, long days with little reward and maybe even a few years before profits are made. 
    All this time and effort can be decimated if you do not have the correct insurance in place for your business. From being sued to being injured and unable to run your business, sudden unplanned issues can decimate a small business and you could lose everything.
    Here we take a look at the six types of insurance each business owner should have, to cover the most basic insurance requirements:
    Property Insurance – even if you are renting your workspace, you need property insurance as it covers everything from Buildings to office equipment and tools. For example, if your clients are all online, perhaps an online casino aimed at the sports betting NZ public, the loss of your server and computers would cripple your business. This insurance cover should include damages or loss caused by fire, vandals and theft. Also consider adding loss of earning insurance into this one, as you will be unable to operate and earn if you lose your business tools to fire/theft.
    General Liability – This cover is so important, it is what will keep you open and in business if your employee, product or even yourself may have caused damage (bodily damage or property damage) to a third party. This policy should cover lawyer/defence costs as well as any damages awarded if you should lose the action against you.
    Commercial Auto – This insurance will cover any vehicles you have in your company that carry good/staff/equipment. Even if your company does not have vehicles and employees use their own vehicles for company business, their cars should be covered.
    Workers Compensation – This is often overlooked but should be added for all employees. This insurance covers wage replacement and medical benefits for those who were injured at work on the job. This insurance is necessary as your employees could end up taking action against the business if they are injured and do not enjoy this cover; it will therefore protect you against legal action.
    Professional Liability – this insurance covers your business in case your business fails to provide or improperly renders the professional services they were hired to do. This will provide cover for defence as well as any damages if the case is lost (this is not covered under the General Liability insurance).
    and Finally…
    Life Insurance – This insurance will ensure your family is taken care of in case of your passing, and even if you take early retirement it is something to consider. This is particularly important for those entrepreneurs who cannot be replaced in their businesses – if you are removed from the business it will collapse leading to a loss of income to your family.
    0 min

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