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Tag: Business Launch

Business Risk Management

Posted: August 19, 2020

Watch Video: Business Risk Management We make business decisions daily – some big and some small - but often we don’t realize what are business risks and how are we choosing to manage these risks. As we embark on our entrepreneurial journey, it is so crucial to understanding what business risks are and how to manage them. Risk is the possibility of losing some or...

What Is Cyber Insurance Coverage?

Posted: August 13, 2020

We all understand in today’s world that cybersecurity is a mandatory action we take to protect our business from financial ruin. But…what does cyber insurance cover? Cybersecurity insurance covers first-party risks that refer to the policyholders' losses.  A cyber breach can cause business interruption leading to loss of revenue system and operational damage and cyber incident response costs. Third-party risks are also covered in cyber...

What is RISK in business?

Posted: August 10, 2020

We often talk about risk of cyber security or breach of our data. But what is risk in business? Let's look at the definition of what RISK is all about in our business! Risk is the possibility of losing some or all of your original investment and it exist when assets, vulnerability and threat are intercepted and can be managed through risk management! When a...

Starting a Business | Part 3: EIN and Bank Account

Posted: June 17, 2020

Starting a business: Federal EIN Number and Business Bank Account A little progress each day adds to BIG results! With your name picked out and a legal structure determined, it's time to register for your Employer Identification Number (EIN) and research commercial bank accounts! Federal Employer Identification Number (FEIN) Commercial Bank Account The next step is obtaining your federal employer identification number from the IRS....

Starting a Business | Part 2: Naming Your Business

Posted: June 8, 2020

Starting a Business | Part 2: Naming your Business The secret of getting ahead is getting started!!! Structure your business idea after business plan and necessary licenses & permits. After creating your business plan, it's important to develop a good name and determine legal structure of your business. As you finalize your business name, ensure web domain availability. Name & Legal Structure The first step...