A Business On The Road Needs A Few More Safeguards

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Nowadays, it’s much easier to start a business just about anywhere, whether it’s your own home, your garage, or even your car or van. There are plenty of businesses, including landscapers, pet grooming, and other service providers that can run almost entirely from the road. However, the road can be a risky place in more ways than one, and your business will need a little extra protection while you’re out there.

The costs of being on the road

You might think that not having to spend a lot of time in an office and perhaps not even needing office space is saving you money. You might be right, but you should also consider how driving around a lot can eat into your costs. You can save the costs of driving around by looking at sites like https://www.fuelman.com that can help you get the cards needed to cut down on the running costs.

Protecting your most vital assets

Insurance is always recommended when it comes to the assets that allow your business to operate. When you’re running ab business on the road then, clearly, your vehicle is going to play a huge role in the profitability of the business and should be protected. With providers like https://cjfig.com/business-insurance/business-auto-insurance/, you can make sure that should anything go wrong, you’re able to get back up and running as quickly as possible. Whether that means repairs or hiring a replacement car, you can protect yourself from too much downtime.

Securing the vehicles, too

Of course, insurance can help protect you financially but if you were to actually lose a vehicle or any of the equipment inside it, the frustration would go deeper than hitting just your wallet. As such, you should make you look at your options when it comes to protecting company cars. Having safe premises to park them is number one, of course, but additional security measures like GPS tracking devices and alarm systems can make it a lot less likely that anyone who breaches the car is able to get away with it.

Driving around with data

Aside from the risks of being on the road and how it can affect you financially, you also have to consider how you run your business on the road. It’s likely safe to assume that it’s going to involve being connected to local internet connections, but you have to be wary of what local connections can mean for your data security. Investing in cybersecurity in the form of professional-grade anti-malware software and virtual private networks is essential. You can’t gauge the safety of any networks you’re connecting to outside your own property, so you have to keep your guard up.

Every business comes with its own specific types of risks, so don’t be too worried about the “dangers” out there. If you were in any other field of business, you would be reading about different risks, instead. However, you should be taking steps to address them, so get working on it.

Hidden Costs of Running a Small Business

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When running a small business, there is a lot that needs to be taken into account. Of course, one of the most important aspects is the financial side of things. If you don’t manage your finances well, this could quite easily spell the end of your company. Unfortunately, this happens more often than you’d think, and one of the reasons for this is because business owners underestimate the costs they face. So, with that being said, let’s take a look at some of the hidden costs associated with running a small company.

  1. Credit card fees – It is wise to give your customers the option of paying by credit card. After all, the more payment options that are available to a customer, the more likely they are going to be to place an order with you. Nevertheless, you do need to account for the fact that there are going to be fees in place if someone does make a credit card payment. In most cases, this will be around three percent of total charges.
  2. Cleaning and janitorial services – A lot of business owners forget about the fact that they are going to have to upkeep their business premises. After all, no one wants to be working in a mountain of dust. Plus, the way your company looks says a lot about your brand image. This is why you need to factor in janitorial services when working out your budget. Shop around for the best price and see if you can secure a good discount by paying a company on a yearly basis and taking on a long-term contract.
  3. Time – You know what they say, time is money, and that is most certainly the case. Time is one of your business’ most valuable resources, so you need to make sure you are using it effectively. If you are spending too much energy and time on tasks that could be delegated to another employee, then you could be costing your business money.
  4. Payment delays – Payment delays can significantly hurt your bottom line. It is as simple as that. When someone does not pay your business on time, it slows down your business, meaning you are unable to take on new orders or work as efficiently. The problem becomes even worse when you were waiting on the said payment in order to cover costs. After all, this can lead to interest charges, as well as fees for using your overdraft or bounced payments.
  5. Insurance – This is another cost that a lot of business owners simply forget to include in their financial plan. Your business is going to need public liability and employer liability at a very minimum. You then may also need insurance for injuries and illnesses, property, and negligence. Don’t make the mistake of simply going for the cheapest policy you can find. You need to have the right level of protection. After all, you are going to cost your business much, much more money in the end if you choose an insurance plan that does not cover you effectively.