By Piers Chapple, Founder of Galvo Shredders
Running a business is a juggling act at the best of times, but when you don’t keep your eye on the ball things can quickly start to spiral out of control. Keeping your company secure is a constant battle, with new threats arising every year. Between balancing your accounts and keeping your customers happy, it is often easy to overlook some of the more fundamental security practises, especially when your business is new to the market.
In order to keep your business in the black, you need to ensure you’re not at risk of losing money in easily avoided ways. If you leave yourself open to theft or lawsuits because of a lapse in security, it can be difficult to claw back the reputation you’ve worked so hard to gain. By strengthening the following policies and procedures, you can prevent any damage to your business and focus instead on satisfying your public.
- Reevaluate Your Insurance Policy
Checking in with your insurance provider every few months will help you determine whether your policy needs altering and whether there are any new elements of your business that need covering.
- Always Plan For The Worst Case Scenario
The key is to leave nothing to chance. You should even factor in what you will do if your business is devastated by an act of God or your main supplier goes bankrupt. There is nothing wrong with a sunny disposition, unless it’s preventing you from saving for that rainy day.
- Strengthen Your Data Protection Procedures
By placing your old documents directly into the recycling bin your run the risk of data thieves seizing them once they have left your premises. Records deemed no longer of use should be shredded instantly, to ensure they aren’t passed on or lost. Don’t forget the data on digital devices either. Hard drives, CDs and memory sticks will all need to be wiped and dismantled before they are thrown out.
- Check Out Employees Before You Hire Them
Around 1 in 5 businesses have been affected by employee fraud, making it a much more common occurrence than many managers realise. Never rely on one staff member for all your data handling processes and limit access to your most confidential records, in order to make fraudulent activities easier to spot.
- Maintain Your Health And Safety Standards
Although it might seem like an unnecessary cost at the time, investing in a safety audit can save you a bundle on productivity and potential lawsuits. With all your equipment verified for use, you should see a return in employee morale and, consequently, their workrate.