Running your own business is among the most satisfying and edifying ways in which one can earn a crust. There’s no greater satisfaction that seeing an idea that started out as a few scribbled notes on a piece of paper slowly metamorphose into a living, breathing and fully functioning business enterprise. But while entrepreneurship offers many satisfactions and gratifications, it’s a path that’s littered with potential pitfalls. From employee illness to customer complaints, there are many things that get thrown under the wheels of the vehicle that is your business. How well you’re able to overleap them, or better yet preempt, plan and navigate them will go along way to ensuring the success and longevity of your enterprise. In today’s increasingly litigious landscape, we need to ensure that our operations take steps to mitigate potential causes for litigation.
Here are a few ways in which you should start…
Hold yourself to your own standards
Before you recruited your employees it’s likely that you gave their social media presences a swift perusal to ensure that they weren’t posting anything to which prospective customers, clients, investors or shareholders could take exception. While this is commendable, it’s just as important to ensure that you hold yourself to the same standards. Remember that you are, for all intents and purposes, the face of your business and your behavior both in the real world and the digital realm must be absolutely unimpeachable.
Insurance limits your liability
Needless to say, ensuring that your business has the right insurance is of paramount importance should a claim be made against it. The right insurance will allow you to be able to fight any legal battles and defend the reputation of your enterprise without it having to impinge on your bottom line or weigh so heavily on your mind that it impedes your ability to manage your business effectively.
Protect your employees from spurious claims
A claim made against one of your employees can get your business noticed in all of the wrong ways. While you may screen your employees heavily at interview stage, nobody is safe from litigation based on spurious claims. It’s up to you to ensure that your employees are protected from the while also held accountable for their behavior on the job. It’s up to you how you do this, but a great example would be equipping travelling sales professionals with dash cams. Not only will they protect your employees from spurious claims they will be invaluable in defending your employees legally from the negligence of other road users.You can see Engenberg APLC for more information. Aside from ensuring your legal protection, this also shows your employees your willingness to defend them.
Protect your tech
The business tech landscape is ever changing and it’s vital that you maintain an agile approach to not only your tech but the measures you take to protect your data. Malfunctioning tech can set back your operations and potentially render you in breach of contract with clients while leaked client data obtained through malicious hacking could make for an extremely high profile black eye for your business.
Take the steps to protect your tech, however, and you’ll be spared this embarrassment.