A lot of people work hard to build their businesses up from nothing, yet all it takes is one serious breach or incident for the whole business to topple down and crash on top of you – which is why it’s so important to ensure you are compliant with relevant codes, laws, and compulsory procedures.
Of course, each industry is different, and some are more regulated than others – for instance, there are companies such as Weber Scientific Laboratory Sanitation Supplies that help those involved in food preparation reduce the risk of poisoning diners by ensuring high levels of food safety.
When you have worked hard to build up your business, the last thing you want is for it to be destroyed by a safety, security or compliance issue; particularly as these risks are usually foreseeable and manageable.
This article looks at a number of ways to proactively keep your business safe and compliant.
An employee can have the best of intentions, but still be negligent in his or her duties, and if this happens the court will look to you as the business owner to pin the blame on, as you are ‘vicariously liable’ for the actions of your staff. In this sense, you want to ensure that you provide full and comprehensive staff training that is accredited by all relevant codes of conduct and best practice.
2. BE COMPLIANT WITH ALL RELEVANT CODES AND LAWS
This might seem like an obvious point, but if you’re not keeping up to date with your taxes or there are accuracy issues, this could land you in serious hot water; whether it was intentional or not. Many well meaning business owners have found that as a result of not crossing their t’s and dotting their i’s they find themselves in a precarious position with the authorities.
3. GET GOOD INSURANCE
Whatever business you are in, a solid insurance policy is a must for everyone – as all it takes is one incident or a particularly vexatious customer or employee to attempt to “take you down” with a spurious claim. Indeed, it’s a sad fact of life that the more successful you become the more you have to lose and some people will be jealous of this fact and attempt to claim against you on the basis they think they might be able to make a quick buck or ‘get even’.
The reason insurance is so important is because many small businesses simply don’t have the cash flow to fund a serious legal battle.
4. PROTECT YOUR DATA WITH THE CLOUD
One of the most common tragedies in modern business involves data loss and corruption; therefore, protecting your data is extremely important. You might want to think about using a cloud storage application such as Google Drive, as an extra step in your document storage process, in order to keep files safe.
5. HAVE GOOD LEGAL REPRESENTATION
The benefit of having good legal representation means two things; if you have a problem they will be on call to sort it out and mitigate your loss… but also, they are there to prophylactically ensure you are compliant and protected from a legal perspective – meaning you should never be in the position of having to go to court, for instance.