{"id":1364,"date":"2019-07-11T10:16:57","date_gmt":"2019-07-11T10:16:57","guid":{"rendered":"https:\/\/www.insurancebee.com\/blog\/?p=1364"},"modified":"2023-02-08T10:00:09","modified_gmt":"2023-02-08T10:00:09","slug":"everything-you-need-to-know-about-small-business-risk","status":"publish","type":"post","link":"https:\/\/www.insurancebee.com\/blog\/everything-you-need-to-know-about-small-business-risk","title":{"rendered":"Everything you need to know about small business risk"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"209\" src=\"https:\/\/www.insurancebee.com\/blog\/wp-content\/uploads\/2019\/06\/startup-rocket_compressed-300x209.jpg\" alt=\"InsuranceBee's guide to small business risk. So your startup doesn't go down in flames.\" class=\"wp-image-1366\" srcset=\"https:\/\/www.insurancebee.com\/blog\/wp-content\/uploads\/2019\/06\/startup-rocket_compressed-300x209.jpg 300w, https:\/\/www.insurancebee.com\/blog\/wp-content\/uploads\/2019\/06\/startup-rocket_compressed.jpg 600w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/figure>\n<\/div>\n\n\n<p>Risk. In case you hadn\u2019t noticed, we\u2019ve been <a href=\"https:\/\/www.insurancebee.com\/blog\/risks-of-starting-a-new-business\">talking\nabout it<\/a> a fair bit recently. <\/p>\n\n\n\n<p>That\u2019s because our <a href=\"https:\/\/www.insurancebee.com\/blog\/smbs-risking-all\">survey of small\nbusiness owners<\/a> got us worried. From <a href=\"https:\/\/www.insurancebee.com\/blog\/key-findings-insurancebee-risk-survey\">our\nresearch<\/a>, it seems many SMB owners are simply unaware of the risks they\nface. <\/p>\n\n\n\n<p>And when you put so much time, money and effort into building your business, why would you put it all on the line?<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Business decisions come with risks attached<\/strong><\/h2>\n\n\n\n<p>Thing is, pretty much every decision you make \u2013 whether it\u2019s\nto take on a new hire, move premises, or launch a new product range \u2013 has an\nelement of risk attached. And sometimes you\u2019ve just got to take a risk if you\nwant your business to grow. <\/p>\n\n\n\n<p>But if a wrong decision lands you in hot water, as a small\nbusiness, you\u2019ll have fewer resources than the big corporates to deal with the\nfall-out. Which could just wipe you out completely.<\/p>\n\n\n\n<p>Wouldn\u2019t it be great, we thought, if there was a handbook?\nYou know, a really useful guide to the kind of risks small business owners face\nand how to deal with them.<\/p>\n\n\n\n<p>And you know what\u2019d be even better, we thought. Is if you could download that guide, so you could keep it handy to refer to.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Your guide to small business risk<\/strong><\/h2>\n\n\n\n<p>Well here it is: our <a href=\"https:\/\/www.insurancebee.com\/small-business-risk-guide\">big guide to\nsmall business risk<\/a>. <\/p>\n\n\n\n<p>And guess what? It\u2019s downloadable as a pdf, too.<\/p>\n\n\n\n<p>An in-depth look at the different kinds of risk start-ups\nand SMBs face, it\u2019s crammed with practical advice on how to meet the challenges\nhead-on. &nbsp;Plus, loads of insight from\nindustry experts on all aspects of risk management.<\/p>\n\n\n\n<p>You\u2019ll find chapters on: <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Risk planning<\/strong> <\/h4>\n\n\n\n<p>How to identify the major risks and prepare for them, with handy templates for risk assessment and recovery plans <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Legal stuff<\/strong> <\/h4>\n\n\n\n<p><a href=\"https:\/\/www.mycorporation.com\/\">Sole proprietor, LLC or corporation?<\/a> How to structure your business to best protect it, plus, why you need contracts and the importance of getting the right permits. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Taxes <\/strong> <\/h4>\n\n\n\n<p>Common reasons the IRS charges penalties, how to minimize the risk of a fine, keep cash flowing and safeguard your finances<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>People <\/strong><\/h4>\n\n\n\n<p>How to keep your business above board when you\u2019re hiring or firing, keep your employees happy and handle them when they\u2019re unhappy <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Protecting your small business <\/strong><\/h4>\n\n\n\n<p>How to be security smart when it comes to protecting your physical and intellectual property, as well as other people\u2019s data and what coverages can help. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Picking up the pieces <\/strong><\/h4>\n\n\n\n<p>What to do if the worst does happen, from lawsuits to PR faux pas. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Prevention is better than cure \u00ad <\/strong><\/h4>\n\n\n\n<p>How to avoid the risks that <em>are <\/em>avoidable<strong>, <\/strong>tips on record keeping, expectation-managing, health and safety and customer service <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Useful resources<\/strong> <\/h4>\n\n\n\n<p>A whole lot of links to help you. Whether you need to find a lawyer, a tax expert, or short-term funding, get your head round copyright law, or deal with complaints on social media. <\/p>\n\n\n\n<p>Oh, and it has lots of pictures. Because who says a guide to small business risk can&#8217;t be fun?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Risk. In case you hadn\u2019t noticed, we\u2019ve been talking about it a fair bit recently. That\u2019s because our survey of small business owners got us worried. From our research, it seems many SMB owners are simply unaware of the risks &hellip; <a href=\"https:\/\/www.insurancebee.com\/blog\/everything-you-need-to-know-about-small-business-risk\">Read more&#8230;<\/a><\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[],"class_list":["post-1364","post","type-post","status-publish","format-standard","hentry","category-smb-advice"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Everything you need to know about small business risk<\/title>\r\n<meta name=\"description\" content=\"Risk management doesn&#039;t have to be a headache. Download InsuranceBee&#039;s handy guide to small business risk. 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