Business Strategies

Protect Yourself and Your Business from Dishonest Employees

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Running a business is a complicated endeavor even though it also means you’re realizing your own personal dreams. In addition to the usual challenges, managing a business means dealing with theft and other types of criminal activity. While it’s easy to assume that only outside forces will seek to victimize your business, that’s not always the case. Your own employees may be looking for ways to steal from you, which is why it’s vital to protect your business against this possibility.

An employee dishonesty bond is a special kind of fidelity bond that will help protect your business. It’s intended to protect against criminal activity committed on behalf of your employees. This type of fidelity bond will protect against:

  • Fraud
  • Embezzlement
  • Forgery
  • Theft of money or merchandise

While an employee dishonesty bond isn’t required by law, many businesses choose to invest in one. It provides additional protection that can help your business recover from incidences of theft and fraud. This becomes increasingly important as incidences of criminal activity continue to rise in our communities.

This type of fidelity bond is inexpensive, especially in comparison to the potential loss your business may suffer. In most cases, coverage will only cost a few hundred dollars per year. The exact amount will depend on how much coverage you feel your business needs, but it comes out to a minimal expense.

How does the employee dishonesty bond work? It’s similar to an insurance policy in that you file a claim once you have suffered a loss. The surety company will investigate the incident to determine if the employee theft or fraud really did occur. Once the surety company is satisfied that the claim is authentic, the business will be awarded a settlement for the amount stolen by the employee. This helps ensure businesses won’t suffer unnecessary losses at the hands of their employees. While you may screen each employee and conduct extensive background checks, there’s no guarantee that you won’t hire a dishonest employee. A fidelity bond can help you recover from employee theft or fraud.… Read More.

Business Expansion

USADF Grant Targets Enterprise Expansion For Leather-based Employees In Northern Nigeria

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In at present’s aggressive business realm, all enterprises should aim for progress and expansion. Supply various companies like business planning and creating, restructure and reorganize of enterprise, advertising, financial help, undertaking administration and coordination, operational excellence and worldwide commerce. This may be seen with the SBA 7a enterprise mortgage information offered by the US Authorities.

Most business failures as a result of unexpected growth are triggered by money-stream issues. If you don’t want to waste your time in searching an excellent enterprise planner and developer then you’re most welcome to Enterprise Progress Strategies Inc. Using a machinery loan to buy your online business equipment can have tax advantages too.

Nevertheless, it is important that you just observe due diligence and seek the advice of with stakeholders, mentors , enterprise associations and different accessible sources like books and magazines before merging or buying a business. It’s because of this lack of visions regarding to growth and development in most organizations that had been the explanation why a few of these enterprise organizations had develop into extinct and moribund.

One of the vital vital steps to take when planning a business growth is to define precisely why you need or have to develop. The business can have great sales and high profits, however cash in hand may be insufficient due to the time lag between gross sales and money collections from the client.Business Expansion

Small business enlargement loans enable you to better handle your enterprise’s progress—and might have the added impact of propelling even more progress together with it. For example, if getting a $a hundred,000 loan to purchase extra efficient gear will web you $500,000 within the subsequent couple of years, it is in all probability a worthwhile funding.… Read More.