Eight Overlooked (But Important) KPIs All Entrepreneurs Should Track forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
When planning to open a new business, the first steps you take are crucial. Making smart decisions from the get-go can give you an advantage, as you can get up and running that much sooner.
Entrepreneurs should think through these factors first before choosing insurance.
For many entrepreneurs, buying insurance for their business may feel more like gambling. For the price of a monthly premium, they can help protect their business from liability in the case of a lawsuit or cover the cost of property damage in the event of a natural disaster. Unless those events happen, though, it can seem like wasted money.
As the head of your business, it s your job to make tough decisions about where, when and how to spend your company s limited resources every day. Although it s easy to push insurance farther down on your list of priorities, out of sight does not necessarily mean out of mind when it comes to protecting your business.