8 Risks Every Business Should Consider: Tech Is Only One Of Them

Yeah – I’m the tech guy and you KNOW that I know that backup and digital security is VERY important for your business. Symantec and other security vendors have drilled this into our heads over and over and over again.

But there are lots of other ways you could be vulnerable as well and you need to audit or assess your businesses vulnerability in these areas:

  • Natural
  • Political
  • Human Caused
  • Technological
  • Security
  • Accidents
  • Loss of employees
  • New Threats

The Insurance Institute for Business and Home Safety (IBHS) urges  small business owners and managers to prepare for risks that could threaten their operations.

“Owning or managing a small business is no easy task,” said Gail Moraton, IBHS’ business resiliency manager. “It requires a great deal of hard work and dedication to sustain the business and help it grow. Unfortunately, this leaves little time to spend preparing for a catastrophe that could force a business to close its doors – permanently.”

Preparedness starts with an assessment of the risks and vulnerabilities your business faces. Use IBHS’ risk and vulnerability assessment tool to accomplish this task.

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Ramon Ray, Editor & Technology Evangelist, Smallbiztechnology.com . Editor and Founder, Smart Hustle Magazine Full bio at http://www.ramonray.com . Check him out on Google Plus, Twitter or Facebook

2 thoughts on “8 Risks Every Business Should Consider: Tech Is Only One Of Them

  1. arnestlinnaeus

    I agree with the point of troubling with some issues in small business. Though it’s all about a few difficulties but there should be enough awareness about it to avoid the further and turn it as a successful sector. Thanks for the notice and assist.

    Felix Investment

    Reply

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