Protecting your business from damage is a tricky task—there are many steps to take, like insurance coverage and keeping track of the weather. Additionally, you need to know your area's base flood elevation (BFE), an indicator to show if your business’s lowest floor is above or below flood levels. Knowing this number can determine if you need to elevate your building.
Knowing the BFE is crucial, but knowing how to mitigate flooding damage at your business is just as important. Follow along to learn ways to equip yourself to protect your business from flood damage.
The BFE is more than a number; it tells you how far below or above flood levels your lowest floor level is. For instance, the basement is usually a structure’s lowest point, and you must do all you can to protect it. The best course of action is to locate your vulnerable areas—any places that lead to a lower ground level, like a lobby, seating area, or daycare centers.
The best methods for protecting vulnerable areas are dry and wet floodproofing techniques. Dry floodproofing involves installing barriers on the walls, like a coating or plating, to keep water from coming through the walls. Another method is wet floodproofing, which is when water pools into a lower level of a building. This technique consists of setting up paths to send water away from hotspots, like electricity and pipes.
It’s important to get the right water retention equipment so you can prepare your business for potential flooding. The best way to weather the storm is to buy water mitigation equipment, like a water pump, beforehand. Water pumps can float or sit while you use a hose to drain the water.
Use flood bags to keep water damage to a minimum and block off as much water as possible. A flood bag absorbs and contains water to prevent an entire room from flooding. This is the best method to use on lower floors.
The worst thing you could do for your business is not check your gutters and drains before a bad storm comes. If you avoid cleaning out the gutters and drains and don’t install a new system, you risk flooding the sides of your building. This problem could negatively affect the foundation. Avoid this altogether by hiring someone to clean your gutters and drains for you.
A professional will clean your drains and ensure the trapped water can drain from your building’s gutters. As you prepare your business for all kinds of weather, start applying different ways to mitigate flooding damage at your business in your daily inspections.Read more
If your business requires an AAP, OFCCP compensation analysis is the part that examines and ensures that your employees are being fairly and equally paid for the same positions and responsibilities. To give you a better understanding of how this process works and what it involves, here is a step-by-step breakdown of the OFCCP compensation analysis process.Read more
Retirement is an exciting time when you get to reflect on all the things you achieved during your career and move into a new phase of life. However, planning ahead to ensure you are financially comfortable throughout your retirement is necessary. Here are three effective tips for planning your retirement.Read more
Whether it’s your company’s first one or you’ve been to a ton of them so far, trade shows are an excellent way to expand the reach of your business. However, showing up to them doesn’t mean you see instant increases in your sales. In fact, some mistakes could even hurt your business. This article will cover some of the more common trade show mistakes you should avoid.
This first problem is one that more first-time trade show vendors run into, but veterans can also make this mistake at times. It’s very possible to go too big with your display. Paying more money to have a larger space isn’t always worth it. Sure, you’ll be easier to see, but if you don’t know how to garner interest or close on sales, that extra money and effort will all go to waste.
It’s better to keep things smaller initially. Scope out what trade shows are like and get a feel for what you’re doing. Once you have more experience and knowledge, things will go much better. Also, even if you’ve been at this for a while, you don’t have to go big every time. Pick and choose which events you want to work toward.
Too many companies go to trade shows thinking they will sell to everyone who comes to their booth. Even though these events are full of people who make up your target market, that doesn’t mean you should try to bring them all in. Try to find people who seem genuinely interested, but know when to move on if someone doesn’t seem intrigued.
Free items and prize drawings are both great ways to grab the attention of people passing by. However, that doesn’t mean you should do these things. If your free items have nothing to do with your business, people aren’t going to remember you. The same thing goes for your grand prizes. If the items are good, they will draw people. But if they aren’t relevant or you don’t try to get them interested in your paid products or services, then they are essentially a waste of time.
One thing to remember is not all trade show venues are the same. Sometimes, the booths will be indoors, while others will be outside in the open air. If you don’t investigate the venue beforehand, you might go completely unprepared.
This is especially bad when your booth is outside. While you probably have a canopy tent for advertising purposes, not having the right equipment could be disastrous. If you don’t have what you need to keep your tent grounded on a windy day, you’ll spend most of your time fighting the weather instead of talking to potential customers.
The biggest mistake companies at trade shows make that you need to avoid is not following up on leads after the event ends. Just because an interested party doesn’t make a purchase at the show doesn’t mean they never will. If you don’t take the time to reach out to them afterward, you’ll miss out on tons of possible sales.Read more
Between property taxes, mortgage payments, utilities, and maintenance costs, owning one house is enough to drain your monthly earnings. But if you’re fortunate enough to have a vacation home or second property, there are plenty of ways to use it to generate passive income. Dive into the best ways to make money with your second property here.
There will always be people looking to rent rather than buy, and you can rent out your second property to them if you don’t plan on living there anytime soon. This way, you can make money as they pay rent, and you won’t have to worry about the house sitting empty for a long period. Fortunately, renters look for many different types of rental properties depending on their particular needs, so your property is sure to be a great fit for someone. Remember, though, that even if you acquire a tenant for your property, you’ll still be responsible for general repairs and wear and tear.
One of the most popular ways to make money from a second home is to make it a vacation rental. Whether you go through Airbnb, Vrbo, or another rental site, you can reach many people by including photos, personalized descriptions, and other information in the listing. Furthermore, if you list your second home at a generally affordable price, people will be more likely to book your property for their vacation.
If you choose to turn your property into a vacation rental, you’ll have lots of people in and out of your house, but you can decide when you want them there. Suppose you want to stay there one weekend each month—you can make it unavailable for rent during that time.
Running a bed-and-breakfast is an excellent way to use your second property. This option may require more work than the others, but it can be so much fun. You’ll meet tons of new people, participate in awesome events, and put your planning skills to use. And while managing a business such as this can be challenging, you canhire people to alleviate some of the workload.
Believe it or not, you can avoid dealing with tenants and vacationers and still make money from your second home by allowing people to store their stuff there for a fee. While storage units are still in high demand, you can provide a lower rate and better security, making this a great way to monetize your secondary property. You could even consider isolating the storage space to one area of your home so that you can still use the property for vacation or short-term rentals.
Now that you know the best ways to make money with your second property, you can capitalize on this opportunity to add another income stream and manage the costs of owning the property.Read more
Are you tired of your nine-to-five? These jobs offer security but come at the cost of your freedom.
If you commute, you’re probably familiar with sitting in gridlock traffic while trying to get into the office on time. Even if you have a remote job, this regimented schedule may stifle you and cause you to miss out on time you’d rather spend with family and friends. Isn’t there a better way to make a living?Read more
Hosting a rental property showing can be nerve-racking, regardless of how many people attend. It can make or break your chances of filling a unit, and with money on the line, you want to host the best showing possible. To help you increase your chances of receiving tenant applications and subsequently making the most money, here are a few tips on how to host a successful rental property showing.Read more
People love going on vacation, so investing in a vacation rental property is a great way to bring in a passive income that will help grow your family’s wealth. However, people don’t want to pay for a subpar or average vacation rental. They want to relax somewhere special and feel like they’ve found the best spot around. This is why it’s essential for you to make sure your rental property meets and exceeds expectations. Keep reading to learn about easy ways to improve your vacation rental property to make sure your property is providing the best experience and bringing in the most money.Read more
Have you always dreamed of starting a bakery business? A home bakery is a great way to start. Rather than investing in a brick-and-mortar store, you’ll use the internet and social media as your “storefront.” This method drastically lowers your investment costs since you won’t need to pay for the storefront, its utilities, and additional workers to staff it. It’s also a great option if you’re craving more time with the kids—and you won’t have to pay for day care.
However, you may need to adapt your home kitchen to handle a commercial workload. Here are some essential tools you’ll need for your home bakery business.Read more
Owning residential property means you need to cater to your building and the tenants residing inside. It’s a lot of responsibility and not a job anyone should take lightly. Purchasing property to rent out is a great investment and a brilliant way to earn some extra income. However, it is only successful if the owner adheres to all the basic guidelines. Check out these four standard rules all landlords should follow.Read more