New to Business? Make Sure You Protect It!

Starting a business has never been easier thanks to the internet. Even if you’re just a single mom at home with an idea, it’s possible to turn that idea into something productive and possibly successful assuming you have the right help and training. Of course, it’s not as easy as clicking a few links and typing in a few words, it does take considerably more work than that. However, 2017 has seen a sharp increase in virtual businesses and it’s expected that more and more single moms are going to start their own companies from the comfort of their own homes.

Unfortunately, there are many important factors to keep in mind when running a business, and one that you should never forget is protection. Whether it’s protecting your website from hackers or preventing people from stealing your personal creations, it’s important to safeguard your company from all the threats you can. It can be daunting, so here’s a quick guide on how you can guard your business against malicious intent.

Source: Pexels

Make Sure You Have Insurance

The first major consideration is insurance. If you’re going to be working with others or offering advice, then the most basic form of insurance to get is liability insurance. For example, if you offer some advice or create a website for someone that is eventually hacked, it could turn around to bite you because they could sue you for failing to help them. Liability insurance can cover the legal expenses and help to pay for any damages that you are forced to compensate. Make sure you compare insurance to get the best price that won’t take up your entire budget. Insurance gives you the freedom to grow your company without worrying about something breaking or causing you to halt your growth, and it’s essential for anyone that’s serious about their company.

Mind Your Words

As a public entity, everything you say and do in the name of your company is going to be put on record. All of your social media posts are going to be archived in one way or another, ever controversial thing you say is going to be recorded and used against you in the future, and your comments about certain products could land you in a lawsuit. Make sure you remain professional in the eye of the public or else you could suffer dire consequences. Whether it’s an email you plan to send, conversations with investors or just a blog post that is attached to your company, you have mind your words.

Protect Your Digital Assets

If you’re going to run a virtual business, then you need digital protection as well. Take a look for the best antivirus you can afford and make sure it is always up to date. The last thing you want is a virus stealing all of your passwords or customer information from your computer and selling it on the black market. If possible, use cloud services as much as possible to store business-related documents and data. It’s much harder to hack into and comes with protection already.

6 Reasons Why More Moms Will Start Virtual Businesses in 2017

The number of virtual businesses run by mothers is going up. This is in line with the growth of the freelance economy in general.

There are now more startups to watch than ever before that are run by freelancers. It’s not just a trend it’s a revolution in the way people are working.   There are many reasons why moms are going to start running virtual businesses in 2017, and we’re going to run through them now.

It’s Easier than Ever  

Part of the reason why there are more moms looking to start a business with no employees is they now can. It’s never been easier to pair one-woman virtual businesses with clients and contractors of all kinds. Platforms like Fiverr, Upwork are there to meet the needs of the virtual business owner, along with services like a virtual office provider, online CRM management, and more.

Only in the last few years has this become prominent. Many mothers are discovering just what’s on the table for the first time.

The Employment Situation for Mothers  

Mothers need a lot of tools to juggle work and home. A conventional job doesn’t provide this. The standard maternity leave is about six weeks, with only a limited number of employers offering more. And you can forget about getting time off to deal with family emergencies, unless you’re extremely lucky. That means hundreds of thousands of dollars in sitter bills.

Many mothers have to step away from the world of work to accommodate their families. Virtual businesses provide an opportunity for mothers to do both. They can handle anything that comes up at home and continue to work and earn money.

Many Mothers Have No Choice

Sadly, there are those mothers who can’t take on a career because they can’t leave their children alone. But they still need to earn money to live. This is particularly pertinent for single mothers. With no other alternative, virtual businesses are becoming the vehicle of choice for mothers who need to earn money for the family.

Virtual businesses are liberating mothers. Previously they may have had to settle for charity or welfare from the government. But now they can go into business for themselves, leaving them with more opportunities than ever before.

The Flexibility of Virtual Working

Mothers need to be flexible because nothing ever goes according to plan when bringing up children. That means they can’t keep regular working hours and they might have to skip away at short notice.

Virtual businesses work in a different way. Unless you have to make a Skype call, the only thing the client cares about is that the work gets done. They don’t care whether you do it at 2am in the morning or 3pm in the afternoon. That’s perfect for mothers.

They can fit their work lives around the needs of their child, rather than the other way around.

It’s Surprisingly Lucrative

Virtual businesses are not just about making a few dollars here and there. You’re not contending with any form of glass ceiling. Remote working has never been more lucrative, with people earning full-time incomes by working part-time. Your earning potential is determined only by how long you want to work and how much effort you want to put in.

Mothers who only want to earn a few dollars to cover their grocery bills can start a virtual business with that goal in mind. But mothers who want to earn a lot of money to their family’s prospects have that option on the table as well.

You Don’t Have to Be Qualified  

Most careers demand that you have some qualifications to get started. This prevents many mothers from doing what they want because they don’t have the time or the money to go back to college. And if they do it can take years to see any yield. Running a virtual business is different. You don’t need any visible qualifications.

The skills you don’t have can be found through virtual workers. All you need is a business idea and the determination to execute it.

Conclusion – Virtual Businesses are on the Up  

Mothers are increasingly seeing the benefits of running virtual businesses. From the flexibility to work and removing many of the drawbacks of the traditional workplace, this is the ideal work environment.

Will you start a virtual business in 2017?

Thinking Of Expanding Your Workforce? Here’s Some Advice To Help

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Source Pixabay

There are many cases in which a business might need some extra employees. For instance, if you’re running a home business, you might be planning to expand into an office. With more space, you’ll be able to improve with more employees. Some companies hire more people when they see an upturn in sales. With Christmas coming up, many businesses are likely looking for extra staff to help out.

But expanding your workforce can be challenging. The recruitment and employment process alone can be time-consuming and costly. You’ll also need to train new staff members to do their roles well. With more people working for you, you’ll need to step up as a manager and make sure everyone’s happy and motivated.

Nonetheless, it’s often worth it. Having more people to help you run your company can help your business run more efficiently. Here’s some advice to help you if you’re considering bringing on new employees.

Find Valuable Employees

When you’re bringing in new people to your business, you don’t just want to hire anyone. Getting lazy with the recruitment process can result in you having inefficient employees. Not only will your business suffer, but it can cost a lot of money to replace them. Make sure you hire the right people from the start.

The avenues you use for advertising a role can have an impact. Newspapers and job boards can reach a lot of people. But you might want to use an executive search for finding particularly talented individuals.

Don’t just hire based on CVs. Make sure you interview everyone. It can give you a sense of what they know and how they’ll fit into your company. Hiring people with a wealth of relevant experience is often the best bet. They’ll need much less training and can offer a lot to your business.

Many businesses use recruitment services to help them handle the process. It can save them time, and recruitment agencies will be dedicated to finding the best fit for the role. Still, some people might prefer to vet potential employees for themselves. It can often be a more practical approach if you’re only building a small team.

Manage Your Team Well

When you expand your workforce, you’ll have your work cut out for you as a manager. You’ll need to make sure all your new staff knows what they need to be doing and when. Ensure that your employees can communicate with you easily if they have any problems.

One approach that can help is having senior employees supervise new ones. They can help them settle into your company and put them on the right path. You might even want new staff members to shadow established ones to get a feel for the job.

It also helps to set clear daily tasks for your employees. If they know what’s expected of them each day, they can get on with their work without interruption. It’s an excellent way to improve business efficiency.

Take Care Of Your Employees

It’s your job as an employer to ensure your employees are happy and healthy. It helps to reduce workplace stress, as it’ll make your team much more productive. You should also look out for the health of your staff. If someone falls ill due to your workplace, you may be liable.

Things like employee assistance programs and critical incident stress management can help. They’ll ensure that your employees have the right help when they need it. Unhealthy or stressed employees may need to take time off work, so it’s in your interest to take care of them.

You should also ensure that you promote a positive and stress-free workplace. If you hear of any cases of discrimination or bullying, stamp them out immediately. Not only can it affect productivity, but it can also become a legal matter. Human resources services or an HR manager can often help with these issues.

Keep Everyone Motivated
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Source Bluediamondgallery

Work can wear everyone out, so do whatever you can to motivate your employees. Incentives like performance bonuses and employee awards can help keep them at the top of their game. Also, don’t hesitate to give your team positive reinforcement for a job well done.

You might even want to arrange fun activities to keep your employees happy. Things like casual Fridays and office parties can make people enjoy their work more. If it’s viable, you might even want to offer flexible working options. Many workers wish to work from home these days, but not many businesses offer it. All of these things can improve employee satisfaction, which will make them more motivated to work hard.