Risk Management Advice

Each fall I teach a class on small biz management at a local community college.  We just finished a unit on risk management.  Here are some of the suggestions I made…

–Backup your computer data up every night – off site.

–Hire employees slow.  Fire them fast. – Good people a gold.  Deadwood will kill 
your company.

–Run background checks on every new hire, check references, credentials, and 
talk with former employers.

–Build a company culture that values honesty and integrity. 

–Build systems that prevent employee theft.

–Review your insurance with your insurance agent at least annually