Risks and challenges are part of running a business: employees could get hurt while on duty; natural disasters could damage properties, or clients could file a lawsuit against your company. As business owners, you want to protect your assets and stay ahead when the unexpected happens – easier said than done, right? But think of this – if your business is adequately insured, just imagine the costs that do not need to come out of your pocket!
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Here are four more reasons why your business needs insurance.

​Apparently, a lot of young entrepreneurs make headlines, such as Tesla’s Elon Musk or Facebook’s Mark Zuckerberg. However, note that age is not the primary factor in whether a business succeeds. Take the famous Colonel Harland Sanders of the KFC fame or Leo Goodwin of the GEICO insurance brand - known brands established with its founders at the age of 50 or above.

As a matter of fact, there are even studies showing that people at 55 are twice as likely to launch a flourishing startup compared to their counterparts under 35. To better present this argument, here are five reasons why age might be a contributing factor to the success of your business.

​Everybody dreams of becoming his or her own boss. Not everyone working in the corporate world would like to stay and compete in the rat race. Some take the courage of saving some money to start their own business. As long as you have the will and the guts, with enough capital at hand, starting up a small business is easy. The harder part is how to maintain and keep it going.

Here are 5 simple and easy ways to guarantee that your business will carry on for a long time:

​You may often hear people say, "I am so tired of my day job. I wish I could just have a business." From time to time, you may also think alike because it's a form of mental escape from the daily grind. But these words come from wishful thinking and an obvious lack of knowledge in running a business. 

Starting and operating a business is no walk in the park. Those experienced will put emphasis on the commitment required to operate a business versus being an employee. For those who are taking every step necessary to succeed in the entrepreneurial world, read on!

​Home is where your heart is. But regardless of what you commit your heart into, running a home-based business has always been utterly challenging. Be it part-time, seasonal or full-time, the perfect formula for business can be a hard nut to crack. That is why, when a business goes slightly down the slope, insurance can be a secured reinforcement into saving the business. A business person has to calculate all risks present therein to provide an analysis of the strengths and weaknesses; thus, ensuring financial stability and security. Below are things worth considering in choosing your home-based business insurance.

It is very important for small businesses to secure insurance coverage as early and as frequently as they can. Not only can it secure company assets against potential damage, but it can also cover for possible legal problems later on. 
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However, not all businesses opt to get insurance coverage even after their first year of operation. One of the biggest obstacles they face, especially for startups, is the variety of insurance types available on the market. Without careful planning from the company heads, businesses may end up not having enough coverage, or overspending for unnecessary coverage. 

​In today’s world, sometimes our salaries cannot cover everything we need and want. Prices keep rising and bills are non-stop as well. At this point, it’s important to have secondary sources of income to complement our salaries. This is where Passive Income Streams come in. 

Theft, fire or disasters can be a huge blow to your home-based business if you are not properly covered. You wouldn’t be able to know the extent of your loss if you have not done a thorough inventory beforehand.

Starting an inventory of all your assets can be overwhelming at first. You need to keep a detailed record of everything you own like appliances, clothes, arts, documents, and even plants! However, once you got everything down on pat, the rewards of a well-organized inventory are worth it. 

It can help you facilitate an efficient claims filing and processing for loss and damages of your personal property.
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To help you start off with this task, here are time proven hacks that will simplify this process:

Should you start a business alone or with a partner? This question seems challenging. But, it depends. If you’re expert in numbers and sales, you can excel as a sole proprietor. Some businesses started up by having multiple founders because of the various skill sets that they need to render to the table.
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For additional guidance, this article emphasizes the three key characteristics your business should have to reach your goals quickly. Consider the following:

​The price of electricity has been on the rise over the years, especially with the upgrades done in poles and wires networks. With no immediate relief in sight for you, it is for the best interest of many to find ways on how to reduce your household electricity consumption and, ultimately, expense.
 
Here are five ways to cut down your electricity usage: