In today’s climate, running a business comes with many risks. This includes financial, market, product, and security risks. Failure to mitigate these risk factors can result in significant damages and financial losses. Small and enterprise businesses can be vulnerable in many ways. As a business owner, you must find ways of protecting your physical and digital assets. In this article, you’ll find three ways to safeguard your business optimally.
1. Run employee background checks.
Getting to know the people you hired or intend to hire can enable you to protect your business and customers better. Nowadays, companies are held liable for the actions of their employees. Running a background check helps mitigate the risks associated with the hiring process.
Many enterprise organizations consider background checks as a critical component of their recruitment process. HR experts recommend that employers should run background checks on their employees before the training and onboarding process commences. We’ve seen cases where a job applicant passes every other part of the selection process but fails the background check. This is why you should source background information that corroborates an employee’s certificate.
There’s no denying that background checks can be long, frustrating, and overwhelming. The upside is that you could stumble on some valuable information that may save you some future problems. This additional information may include the person’s work history, credit history, and employer history and helps you identify candidates who submitted inaccurate information. So make a habit of running background checks anytime you intend to hire more employees.
The type of information you should prioritize includes personal information, financial information, and criminal checks. Conducting a criminal background check will help you find past criminal offenses or criminal convictions. Employers also run credit background checks to ensure their employees comply with the fair credit reporting act (FCRA). More so, credit checks provide a glimpse into a prospect’s financial history and level of fiscal responsibility.
2. Get a surveillance solution for your business.
Choosing the right surveillance solution plays an integral role in securing your business. Fortunately, there are several high-end innovative solutions for business monitoring and surveillance. When looking for a surveillance solution for your business, you should opt for an enterprise security system that’s easy to manage, smart, and secure. Regardless, try to keep your security system bandwidth usage at 20 kbps.
Think about installing private security cameras around your business premises. You’ll need to decide on a camera type before hitting the market. Consider digital/IP security cameras that are easy to set up in minutes. Today, digital cameras seamlessly sync with mobile devices via a mobile app for remote control, person-activated notifications, and real-time footage.
A good rule of thumb is to place the cameras on the ground level of the area you want to cover. If you want to install outdoor cameras, make sure they are water-resistant and survive harsh temperatures. Some factors to consider when choosing private security cameras include power, connectivity, and ease of use.
3. Hire a competent attorney to maintain compliance.
Lawsuits can be cost-intensive and time-intensive. As a business owner, you need to watch your words and actions. Keep in mind that your brand reputation is critical. Avoid conducting business with people of questionable characters or individuals known for shoddy business practices.
One way to make sure your business is safe is to hire a competent attorney. The attorney’s job will be to provide legal counsel and quality legal representation whenever the need arises. Moreover, it’s wise to seek legal counsel before signing any documents or taking any business action. When looking for an attorney, consider retaining an experienced lawyer with expertise in your industry niche. You may also want to hire a tax attorney to ensure you don’t contravene any tax laws.