Category Archives for Family Business

Ways To Mitigate Flooding Damage at Your Business

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.

Protect the Building’s Vulnerable Areas

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.

Get the Right Water Retention Equipment

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.

Clean Out the Gutters and Drains

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.

Getting the Employee Journey Right: Where to Focus

Employee satisfaction is crucial for businesses. Happy employees lead to a more productive and profitable company. In fact, according to a study by the Society for Human Resource Management, organizations with delighted employees (67% or higher) report two times the earnings per share (EPS) growth and 1.5 times the revenue growth of their peers.

Grow Your Trucking Business With These Proven Tips

There are a lot of things to think about when it comes to running a trucking business. There are many moving parts, from keeping your vehicles in good condition to hiring the right drivers. That's why it's essential to have a solid plan in place for growing your trucking business. Here are a few proven tips to help you do just that.

Dangers Of Business Fraud And How To Prevent It In 2023

Business fraud is very much real in this present day. There are many businesses that are falling victim to cybercrime and with there being no real policing for online crimes, it can be hard for businesses to get help when it’s needed.

The Smart Guide to Budgeting, Forecasting, and Cash Flow Management

There is no denying that cash flow is the lifeblood of any business. Without a solid budgeting, forecasting, and cash flow management system, your business will quickly find itself in trouble. This blog post will discuss tips for smart cash flow management. By following these tips, you can keep your business's finances on track and avoid any disastrous financial meltdowns!

Why Now is the Best Time to Hire Bookkeeping Services in Singapore

As your business or company grows, you or your in-house team will spend more time managing finances. This could easily drift your attention from the core task of growing the company and revenue. In a highly competitive market like Singapore, shifting from the core strategy can easily give way to competitors and cause a loss of market share. Instead of trying to handle all the executive tasks, the best idea is to contract a team of experts to help. 

This post takes a closer look at bookkeeping in companies. Keep reading to learn more about this crucial task and why this is the right time to outsource bookkeeping services in Singapore. 

Easy Ways To Cut Business Costs

As a business owner, you’re always looking for ways to boost profitability, whether it’s by increasing income or reducing expenses. If you need ideas for ways to make cuts that can boost your bottom line, here are four top tips to get you started.

Small Business Funding: 10 Expert Strategies for Getting the Cash You Need

Starting and running a small business is no easy task. There are so many things to think about – from developing a product or service that people want to market and sell to bookkeeping and taxes. But one of the most important aspects of any small business is making sure you have the financial resources you need to keep it going. This blog will discuss expert strategies for getting the small business funding you need to succeed!

Stop Struggling With Your Business By Doing These Things

Are you finding yourself struggling when it comes to your business? It can be really tough to keep your business going sometimes, but you’re probably not making your life any easier. There are some things that you can do to make your life a little easier, and if you don’t know what they are then it’s a good thing that you’ve found this article! Down below, we’re going to be taking a look at some of the things that you can do in order to stop struggling so much with your business. Keep reading if you would like to find out more.

Why You Should Have Multiple Sources of Income in Your Business

In today's economy, it's more important than ever to have multiple sources of income. Diversifying your income streams can protect your business from sudden changes in the market, provide a buffer during lean times, and help you to weather any storms that come your way.