Insights
Reputational Risk: Slow to build, quick to lose
Reputational risks are unavoidable. Reputational damage is. And when issues happen despite all of your best efforts to run the perfect business, you have many options available to reduce the damage done. But the worse thing you can do is ignore it and hope it goes away. “No comment” has killed many businesses, don’t let yours be next.
The Importance of a Human Resources Commitment to Business Continuity
Human Resources plays a vital role in business continuity planning—from ensuring employee safety to facilitating recovery. Discover how HR strengthens your plan.
Can your policies and procedures pass the SMART test?
Apply the SMART test—Specific, Measurable, Achievable, Relevant, Timely—to your policies and procedures to strengthen your operations. Learn how here.
Survival of the Fittest in Business: The Red Queen Hypothesis
In the competitive landscape of business, where industries are constantly evolving and market conditions are ever-changing, small business owners often find themselves in a perpetual race for survival. This struggle for existence and adaptation is akin to what evolutionary biologists refer to as the Red Queen Hypothesis, and its parallels with the challenges faced by small business owners are striking.
The Dangers of Process Hoarding in Business
In a business world that’s constantly changing, clinging to outdated processes can weigh a company down, leading to inefficiency, employee frustration, and stifled innovation. By adopting a modified KonMari approach to process evaluation, businesses can streamline operations, enhance employee satisfaction, and stay agile in the face of new challenges.
What is Small Business Continuity?
I asked ChatGPT to define the term Small Business Continuity. The answer may surprise you as much as it surprised me...
Risk Management in the Cannabis Industry
The cannabis industry is gaining momentum toward profitability, despite the strict regulatory environment by the US government. But the risks still persist. Your cannabis company can mitigate the worst-case scenarios by employing sound cannabis risk management strategies.
Understanding Cannabis Insurance: A Comprehensive Guide for Businesses
Barry Adams of Alpharoot provides an overview and suggestions for navigating insurance for cannabis companies in a highly regulated and legally gray area industry.