What is Business Risk? Business risk is any risk that a business faces that can negatively impact its profitability. It can be both internal or external risks. A company needs to know what its risks are to get a risk management plan in place. Understand the Risks Your...
![Insurance for Your Sports Program [What You Need]](https://www.fmconsulting.net/wp-content/uploads/2022/12/entrepreneurpic-400x250.jpg)
Why Do Sports And Recreation Organizations Need Insurance? Sports of various sorts are one of Americas—and the world's—favorite pastimes. Football, soccer, ice skating, wrestling, fencing, and much more exist. We have seen an increase in privately owned fitness...
“Why does my commercial insurance cost seem to be higher than other businesses?” That’s usually combined with, “Am I carrying enough insurance and how come mine or theirs is more or less?” We get asked these questions in a variety of ways nearly every day. The real...
The Ultimate Guide for Gym Business Owners What do you need to keep in mind when you’re shopping around for business insurance? How do you know what the right insurance is? What coverage limits do you need to protect your business from the specific risks it faces? In...
Is engineers’ insurance the same as architect’s insurance? Is a landscaper’s insurance the same thing? The answer is no—and yes. Every small business owner needs certain business insurance policies to protect them in case the worst happens. But every business is going...
As a new business owner, you are no doubt excited about starting your own company. But what happens if things don't go as planned? You need to protect yourself and your family from the financial fallout that can happen when accidents or disasters strike. One of the...
A personal trainer is working to help someone become their physical best. Perhaps someone is recovering from fitness injuries or simply trying to lose weight. Your personal training business is helping people transform. You may not be like a typical business with a...
Receivable financing is when a business receives funding based on its invoices. It is a tool used by many companies to help them survive dry periods between payments. Receivable financing is essential because not all clients pay immediately upon the completion of...
Great leaders have a series of management tasks that enhance the achievement of goals in organizations. These tasks mainly involve team coaching, the delegation of work among subordinates, and decision-making. To be a great leader, you’ll also need to prioritize...
