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- Risk management is vital for preserving your company in the face of unexpected circumstances
- Understand different scenarios for internal and external risks
- How to develop a risk management plan, and prepare for unpredictable risks
- Uncertainty is certain to occur in business, and can come from many different sources
- Understanding the four different types of business uncertainty
- Tips for enduring uncertain times, or even turning them to your advantage
- Any business is subject to risks that could wipe it out if adequate protections are not in place
- The different types of business insurance available, and how to decide which one is right for you
- Special considerations for business interruptions and home-based businesses
- Entrepreneurs often focus too much on their business’s immediate needs and not enough on long-term strategy
- Having a business plan from the outset allows you to set goals and benchmarks to meet
- Business owners should be prepared to regularly adapt their company to fulfill changing demands and meet customer needs
- Legal oversights are common in small business, but can be costly as well
- Proper documentation, intellectual property protections, other essential steps to safeguard your business
- Understand and stay compliant with all legal requirements
- Finding manufacturers, distributors, and suppliers to acquire the items you need to develop your own products
- Pricing, quality, minimum orders, and other considerations in choosing a company to work with
- Directories, trade shows, and other methods to make a connection
- Whether it is better to buy or lease equipment for your company
- For those starting or expanding a business
- How to decide which option makes the most sense for your business
- Factors that go into choosing a business location and questions that entrepreneurs should ponder
- For those starting or expanding a business
- Also a resource for Connecticut business location selection
