Author: WaelBadawy
Locating More Virtual Work
Tips on how to find work from home jobs and opportunities that will actually pay you and pay consistently.
If you’re going to go fishing, you have to know where to fish, right? There are several types of job posting sites of which you need to be aware. Each type has its pros and cons. Below; I will show you the different kinds of sites available to freelancers and then discuss the good points and bad points of each.
Paid sites on which clients post their own jobs:
Don’t automatically discount an online job service just because they charge for the service or because you have to “bid” on jobs. I had to learn that the hard way. When Jim and I started seeking more freelance work, I wouldn’t touch those paid sites with a ten-foot keyboard. I figured they must be a scam. Jim says, “Hey, why didn’t you go to this one?” I said,
“I’m not going to pay for job postings! And I’m certainly NOT going to bid against other freelancers to get work!”
After more encouragement, on Jim’s part, I finally checked it out, coughed up the $125 for three months of service, built my profile, and started bidding. Hey, this is business, not a hobby.
In business, there’s competition and you need to be ready for it and deal with it. Now, I’m not saying you should go out and sign up for every paid service that exists – that doesn’t work either. What you should do, though, is pick one or two paid bidding sites. My favorite is eLance.com. They’re expensive and I don’t like using the site for long-term clients. However, it’s a good place to find clients. What you do with them after you’ve earned their business, is, uh, well, none of my business ;-).
Paid sites where the site pulls postings from other sites (uses non-original postings*):
For the freelancer, these sites are not very useful for finding work. If the posting isn’t original, meaning that the client didn’t post the job or the opportunity, you can bet that client is getting so many responses that they’re ignoring the majority of them. This type of site doesn’t do much for you in the way of job postings. They may offer some other good information, but the job postings are likely sub-standard.
Free sites where clients post their jobs
These sites share the same pluses as paid sites with client job listings. Most of the same things apply, except they’re free! One drawback for clients, however, may be the perceived value of the site and their service. Many people feel that if you don’t have to pay for it, it must not be very good. So, it’s possible that you won’t find as many good clients and/or job listings on this type of site. However, if the postings are original and credible, it’s worth a shot.
Free sites where the site pulls postings from other sites (uses non-original postings*):
This type of site gets a double-whammy for uselessness — Unless of course, they can offer you some other kind of information to help you in your job. But, again, if they’re not using original job postings, and are pulling from other sites, their jobs and clients are likely so saturated with responses rendering them useless in finding work.
Staffing agency sites:
Sites like these can be good ones to pursue. Usually, what this type of site or company does is locate its own clients and work and “share” the work with their freelance pool. In fact, this is exactly what Team Double-ClickSM does. The problem, however, is that if they’re good (they pay in a timely manner, work with good clients, and otherwise treat their freelancers well), they fill up quickly and either refuse additional freelancers or have a long waiting list. Persistence is the key here. If you can get in touch with a real human being (not their computer), sometimes it helps to send follow up notes to see if they have changed their acceptance policy.
Sites using non-original postings:
Unfortunately, the fact that a site doesn’t post original job listings isn’t something they advertise. This makes it much more difficult for us, as freelancers, to know whether they’re for real. Most clients don’t post their job openings on multiple sites – they will choose one or two and stick with them. The best way to ferret out the sites who are using others’ postings is a rather time consuming one. You have to surf. Make a mental note (or written if need be) of the sites you visit and the postings you see on them. Then you have to refer back, either by memory or to a log that you create, and watch for patterns. If you run across a posting and remember seeing that same posting elsewhere, it’s a good bet that the site is “borrowing” postings to beef up their site.
The other thing you can do is to send the companies an email before you pay for their service. Interview them, so-to-speak.
Ask the following questions:
Do you borrow job postings from other sites?
If so, how many of your job postings are original? Ask for a percentage.
What does my $29.95 get me – exactly?
How many new postings do you receive per day?
What areas do you post jobs in, ex: IT, Administrative?
Should one of your clients not pay me for the work I do, what is your support policy?
When does my membership expire?
These things will help, but again, there’s no guarantee. You’re a freelancer, which means you’re in business for yourself and there are always risks when you’re in business.
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My book is a nonlegal guide and it is not an "il-legal" guide
I am in the process of publishing my new book series “the non-legal guide”. As directed by my publisher, I started the marketing and pre-selling activities.
Last week, I was asked twice about the contents of the book and “Why do you write about an illegal guide?” As a shocking question, I want to answer, I wrote this blog to describe what is the book about.
Top 5 Reasons Why Your Small Business Needs a Custom Website
Today, in North America, almost 70% of households have access to the Internet. It has evolved to the point where the Internet has become an integral element in the way business is conducted, and is shaping the way business will be conducted in the future. Most consumers these days research a product or service on the Internet before making their purchase. So, in this day and age, it could cost you not to have a website. Listed below are 5 reasons why you should employ an experienced web designer to construct a custom website for your small business.
Credibility & Identity Building
Like it or not, your potential customers are going to judge the quality of your products and/or services based on presentation and image. Therefore, an aesthetically pleasing web site will give you and your company more credibility in the eyes of you customers or clients.
Lower Your Expenses
Why spend thousands of dollars on static traditional media such as brochures? If there was ever a change in your business, such as an expansion or additional products/services, it would require printing all new corporate brochures. A web site is dynamic and can be changed or updated in a very cost effective manner. Best of all, your clients can access this information from anywhere in the world, without the delay of snail-mail. A properly constructed web site can also reduce the time that you and your employees spend answering redundant customer questions.
Complement Your Existing Marketing Efforts
Most people think of a web site as advertising. Unfortunately, they would be wrong – A web site is a medium which complements and enhances your existing marketing efforts. Your potential customers or clients can easily gain access to information that isn’t suitable to include in other traditional advertising mediums. In less than a decade, a web site will be just as common as having a listing in the Yellow Pages. What would your potential customers or clients think of your business if you didn’t have a web site?
Customer Service
A web site allows potential customers or clients to get to know more about your company, increasing the personal side of doing business. Your business will be open 24hrs per day, 365 days per year, and if someone has a question concerning your product or service, an answer is only an e-mail away. Some people may feel uncomfortable on the phone or in your office / store, and, to these people, e-mail is their preferred method of communication.
Get a Jump on the Competition
A professionally designed web site will make your business appear larger than it actually is, and therefore challenge larger competitors. When it comes to getting listed in the search engines (Google, Yahoo, MSN, etc.), the longer your web site has been active, the higher ranking you will receive, and therefore more traffic will be directed to your web site. It is for this reason that you can’t afford delay this important decision any longer.
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You are not running a business. You are copying grandma's hobby of making pies.
Like all grandmas, she had the hobby of making pies and we receive lots of them to make her happy. Like it or not, as grandkids, we are told to thank our grandma for the pie and tell her how wonderful is the pie, how we cannot resist finishing the last pie, which was the best. Then we ends up having more pies, although we did not like the pies till today.
Grandma is a very senior, (and I hate to say “old”) with very limited mobility and almost no eyesight. She will challenge her ability to make more pies and send them to her grandkids because she believes she makes them happier.
I was invited to the introduction of a new product with the business owner, and I was told that it is better product that best serve my health and my life.
I was given a bottle to try and I am just curious. I was told that it is a new product that is better than anything else for my health. I was intrigued and as I start to ask simple questions to find a reason to try the sample.
After asking few questions, I found a very strong resistance to answer these simple questions. Then, I was framed as a consultant who is looking for new clients. Then, I was told to not impose my service. The fact is I am not a consultant and I am not shopping for new clients. I wonder, if I should ask the business owner to simply search my name on google “Wael Badawy” to know who I am and what I do.
The product is introduced, as a combination of ingredients that I know, ingredients that I do not know, and ingredient that I may not heard about it.
This introduction triggered a flag, because I do not generally eat or drink what I do not know, in the absence of a strong motive, such as being ill.
THEN, the ingredients are very healthy and it has better fruits and vegetables that I do not know but I should consume for their valuable impact.
I am not sure what is missing here? But, my understanding is the consumers of organic products like to know everything about their food. They do not like the unknown chemicals that may impact their health. At this point, I saw the second flag, because I was judged again.
For me, rightly or wrongly, “organic” is good enough to justify its high price, but “organic” or natural ingredients that I do not know to be better for my health, is not true. Pure marijuana and marijuana’s leaves are organic and natural but they are dangerous and even though we need to know more details to understand its medicinal effect. If I consume it, I will be addicted and most likely, I will end up in Jail but I am consuming an organic natural plant!!!
THEN, the product’s presentation explained the principle of consuming the full fruit/vegetable in a juice, against extracts. In my mind, this principle is questionable with diverse arguments. As a matter of fact, having a full lime as a juice will change its flavor and texture with time because of oxidation, and it can turn to be poisoning or has a higher level of toxic. On the other hand, I cannot consume the whole orange or the whole banana. I have to peal it first!!!
– Anyway, I will pass on this argument because I am not the expert in food but I know what I eat.
At this point, I started to ask questions to better understand who is the business owner, what is the value of the product and what is the quality of the product in order to have a level of confidence to try the product.
I asked about the size of the business, to feel comfort that there are others who trust this product and buy it. I was looking for the customers’ WHY to compare it to mine, i.e. what are the reasons to buy this over-priced product. Oh, this product will cost 25x – 35x the price of a high quality 100% natural juice.
I asked about the plan to grow the business in the next three or five years. I asked about the vision of the owner to confirm the quality of the product, and there is someone stands behind the product. All what I received is “3 and 5 years are very long time”. In the absence of an answer, it demonstrates that there is no continuity and no guarantee to a quality control process. i.e. two samples of the product with the same ingredient, will have different taste.
I asked about the value of the product? The question aimed to help me to find my WHY, and I can try the sample. The articulated value is “You drink good natural stuff, so your body will perform better”. There is no confirmation or reference other than the business owner has issues and it was solved by personally drinking this combination. There was no testimonial and no confirmation of the business owner story. So, I attempted to clarify and I asked, does it help with a diet plan? or release weight? or having high energy? etc. The value was articulated as you eat better ingredients, you will be healthier and you feel good, with a proof.
I do not eat pizza and burger everyday and I eat apple and banana everyday. As it was said “One apple a day, keeps the doctor away!!!”
The articulated value is very general and I can have a blinder. I will use a mix of fruits and vegetables. AND, WOW, the juice will have the same value.
The answer continues to be “the ingredients used are planted by the owner in business owner’s garden and then picked and prepared to make the product!!!”
I asked about the science or the research behind this drink. The answer is that the business owner has researched each of the known and unknown ingredients. But, the business owner has two degrees (none of them are related to food, or health or technology or medicine). Yes, everyone may be impressed of these two degrees that have no relation to the business.
Moreover, the business owner has no passion to either degree and do not work with these degrees but the business owner offers this product to serve and help others.
The product looks professional with an expiry date to expire in two days!!! The product comes in a quantity of 1, 4 and 8 bottles. I do not know the reason that of the expiry date given that there is no research or science behind the product to determine the impact of the three days instead of two. I wonder If someone orders a pack of eight bottles, will he/her consome them all in two days. What about the logistics of producing, distributing and consuming a product that has to be kept cold (I assume) in two days?
It translates to a very limited number of customers with limited quantity orders, within a very small geographical area. So, the production, distribution and consumption in two days!!!.
I have to say that this is not a business, this is a grandma hobby to make pies, as:
1- The pies are initially FREE, till she asks for a favor in return, which will be fairly pricy.
2- The ingredients are from grandma apple tree in the backyard – Oh, by the way, the apple tree is very natural and very organic, because grandma is a senior and can not take care of the apple tree and no one fertilizes the tree.
3- Grandma believes that she makes her family happier by offering more pies. She consumes her effort, while her grandkids do not prefer to eat the pies, or do not eat them at all.
4- Grandma’s pies have to be eaten hot, and within one or two days.
5- No one knows the secret ingredient of the pies, even grandma herself does not.
6- Grandma pies taste differs from time to time. It is a function of the mood and the time in the oven, but grandma does not read the time.
7- Grandma serves only her family and close friends, which is a very limited consumer base.
The whole time, I was simply looking for a reason to try a sample of a new product. I may feel lucky to put my hand on a free sample of this product. I was trying to find a reason for myself. I know grandma, but I do not know the business owner. So please stop copying grandma hobby making pies and focus on building a business.
Note from the author:
This is a true story and I held the name of the product and business confidential because I have the care and passion to every small business and entrepreneur in our community. I strongly believe that the message within this post will help everyone in their business, So please let me know your thoughts below.
I declare that I owe the business owner the price of the sample because I did not feel comfort to drink it, which is my fault AND now the sample expired!!!
Guerilla Versus Gorilla – Small Companies Can Win
We make our living as guerillas not the bad kind, but more of a freedom fighter. By using the term ‘guerilla’ I mean EMJ (now a division of SYNNEX) fights for business against big gorillas (other distributors) in the field. Our competitors are almost 100 times our size; EMJ is a Canadian-based, $165 million per year distributor. We have made an operating profit for the past 80 consecutive quarters. So even though we are up against the big gorillas as a distributor, we must be doing something right.
If you are in a business where some of the competitors are much larger, you may be able to benefit from using guerilla tactics. The principles of running a guerrilla organization differ from running a gorilla organization. As a guerrilla, we hide from our competitor; we do not try to crush them. I even go so far as to examine what they do well and let them do it. At the same time, I look for under-serviced markets and get to these markets fast.
A gorilla takes all competitors head on, trying to crush the competition. Sometimes this takes the form of a price war. Sometimes it takes major prolonged, drawn-out investment. This works as long as you are the same size, or larger than the competition. Even then, such a long battle can sap power and ultimately profits.
Companies that die often believe they were gorillas. It is certain death for a business to fight gorillas unless they can withstand the siege. Any time we hire someone with a gorilla-company background, we watch and coach that person to make sure they are indoctrinated with the appropriate tactics. We have to make sure they understand out business model.
My 8 favourite guerilla tactics are:
1 Act fast. I use my company’s size for my advantage. I can act lightning fast. In the computer business, this is a huge asset. Things change so rapidly that moving fast and being first to market is a huge advantage. Larger companies do not react quickly. Develop a reputation for being first it gets the attention of customers.
2 Welcome smaller opportunities. Gorillas tend to say ‘no’ to manufacturers who don’t think they can do significant volume with. But a small opportunity rejected by a gorilla can be a very profitable opportunity for a guerilla. For EMJ, a million dollar per product line is an opportunity big enough to get the attention of my first string. In your business, look for the right-sized opportunity for you. Frequently, it is the smaller opportunity that has the best promise. The gorillas will leave you alone. There is always a right-sized opportunity for a company of any size. Knowing your rightful place in the market can help you to thrive.
3 Get focussed. Higher focus means we know more, stock more, and sell more product of fewer manufacturers. The smaller our product listing, the more powerful we become. We know a lot about a little. That means we know the products we sell better than a gorilla, and we become a sales tool for the reseller, not just an order-taker. Could you become more focused and specialized in a business area by giving up on a part of your business?
4 Be more flexible. We can adapt more easily to our customers and suppliers. We try not to be ruled by policy. The bigger a company gets, the more likely they are to have policy and some of it is required. As a small distributor, we can be more flexible. Are there areas that your competition is ignoring that by being more entrepreneurial, you can capitalize on?
5 Be smarter. This sounds too simple, almost embarrassing to write. Since we are smaller, we can look at the business we do more carefully and make sure it makes good business sense. We don’t pick up another manufacturer just to increase the size of our line card. That’s just not good business sense for us. That’s the way we have to think and so should you.
6 Lower your overhead. For some reason, most companies seem to choose more expensive offices and furnishings as they grow. This expectation tends to increase costs in all areas of the company that distribution, at current margin levels, can ill afford. At EMJ, we buy quality used furniture. We are on the outskirts of Guelph where the cost of land and taxes is less. Our capital base is even high enough that our cost of capital is less than some of the gorillas. Are there areas that you can be lower overhead than the gorillas in your field? Costs always add up on the bottom line.
7 Foster staff loyalty one major advantage guerillas have over gorillas is the ability to attract, motivate, and keep good people. Primarily this is because guerillas can be more flexible, easier to work for and give people more of a sense of accomplishment because what they do contributes more directly the company’s bottom line. I have always found there to be great power by being smaller and treating my people with respect and not just as numbers. Gorillas can try to do this but it is tough for them to copy you.
8 Just BE a gorilla. We like to enter market areas that we can dominate and specialize in. We may not be the biggest but in certain specific niches, we dominate. As long as we are the biggest in an area, we can act the part. We can under-price and over-service the competition forever. Anyone who enters our markets learns that it is expensive and often impossible to unseat us.
9 Be personal. One thing a smaller organization can do is to be more personal. People buy from people. You can foster relationships that will help you sell. Part of the way we are personal is by showing our customers what markets and products ARE profitable. There is nothing that cements a customer relationship better than making them money, because you’ll be making money for them AND for you!
10 Be opportunistic to sum up guerilla strategy is simply to be opportunistic. Take advantage of opportunities that the gorillas cannot do. There are many companies that remain profitable by being opportunistic.
In summary, unless you are huge think guerilla. Appropriate guerilla tactics for your size will win any battle.
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Legal Issues at Start-Up
Legal issues at start-up are often confusing. Mary times this will be your first foray into the business world. There are two main places where legal issues should be explored with an attorney.
Legal Issues With Business Type
Before starting you business it is wise to discuss all of the legal issues surrounding the type of business you decide to open. Sole proprietorships, partnerships, and corporations all have different legals issues that will have a bearing on your final decision. Talking to a lawyer about your options is time and money well spent.
Legal Issues With Agreements and Contracts
The second area where legal advice is recommended is with putting together your contracts and agreements. You should have your attorney review these documents, ensure they are binding, and discuss any legal issues that might arise from them.
You want these agreements to be enforceable and you want to avoid costly legal issues down the road. Have your attorney help you with legal issues regarding disclaimers, data loss and liability.
The Bottom Line on Legal Issues
Legal issues require a proactive approach. Business start-up is the time to explore your legal options and work out the potential legal issues that you might face. Decide what type of business you want to operate and then draw-up solid agreements and contracts. The time you spend early on will help you avoid costly legal issues down the road.
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Grant Money For Small Business
If you’re frustrated by the conflicting and inaccurate information you’ve found regarding grant money for a small business, then don’t worry. This article is your best source for the most accurate and up to date data. Read on and find out why!
Many people today searching for small business grant money to start their own for profit business assume that grants are nothing more than ìfree money.î Well, sorry to be the bearer of bad news but small business grant money is hardly ìfree moneyî at all. In fact, these grants are more like contracts with their own set of obligations and restrictions that you must comply with or risk suffering sanctions imposed by your funding resource.
In the case of government grants, the rules are even stricter. One of the first places that people often turn to is the Catalog of Federal Domestic Assistance, which is where all listings of government grants approved by Congress are announced. The problem with this resource is that there are very few programs available for small businesses.
These grants are usually awarded to deserving individuals or nonprofit organizations having some community-based project in mind. Rarely will you find a government grant awarded to help set up a for profit business. That is why when searching for a small business grant you should not turn only to the government for funding resources.
A good source of grant money is the Association of Fundraising Professionals (AFP). The AFP is considered the chief professional association for fundraisers. The association was formerly known as the National Society of Fund Raising Executives (NSFRE). Their website at AFPnet.org offers sections on ethics, public policy, publications (including AFP’s online bookstore), professional advancement, local chapters, jobs, and youth in philanthropy (along with a member gateway/dashboard).
Besides that, the AFP also provides a list of organizations (including their websites) that are among the top basic resources of grant money. Foremost on their list is the Foundation Center at FDNCenter.org, which publishes the revered Foundation Directory.
Consider contracts. Government money can sometimes come in the form of contracts. ìIf you can demonstrate that your company can execute a budget line item, if you can shape part of your idea to what the government wants done for a particular project ñ say something educational or construction-oriented ñ if you can fill a need, you can compete,î says Francie Ward, CEO of the Business Owner’s Idea CafÈ at BusinessOwnersIdeaCafe.com.
Thank you for reading this article. I hope that it has helped you and that you were able to find, through our research, the answers you were seeking.
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RAPID PROTOTYPING OF DIGITAL SYSTEMS: A TUTORIAL APPROACH
By James O. Hamblen and Michael D. Furman, Kluwer Academic Publishers, 2000.
This book provides an exciting and chal- lenging laboratory component for an un- dergraduate student as well as design engineers working in industry. It intro- duces the field programmable logic device (FPLD) technology and logic synthesis us- ing CAD tools. The book is organized in 13 chapters as follows. Chapter 1 provides a tutorial for CAD tools that covers the de- sign entry, simulation, and hardware im- plementation using an FPLD. Chapter 2 provides an overview of the UP1 FPLD de- velopment board, where the features of the board are briefly described. Chapter 3 introduces the programmable logic tech- nology where the most common complex programmable logic device (CPLD) and field programmable gate array (FPGA) are presented. Chapter 4 is a tutorial to use both a hierarchical and sequential design with different examples. Chapter 5 de- scribes the UP1core library I/O functions. Chapter 6 introduces the use of VHDL for the synthesis of digital hardware. Chapter 7 describes a state machine that controls a virtual electric train system simulation with video output generated directly by the CPLD. Chapter 8 develops a VHDL model of a simple computer where a fetch, decode, and execute cycle is simulated.
CIRCUITS & DEVICES s NOVEMBER 2001
39 s
Chapter 9 describes how to design an FPLD-based digital system to output VGA video. Chapter 10 describes the PS/2 key- board operation and presents interface ex- amples for integration in designs on the UP1 board. Chapter 11 describes the PS/2 mouse operation and presents interface examples for integration in designs on the UP1 board. Chapter 12 develops a design for an adaptable mobile robot using the UP1 board. Chapter 13 describes a single clock cycle model of the MIPS RISC pro- cessor. The book also includes a large number of laboratory problems and a vari- ety of design projects at the end of each chapter.
The book comes with the new student version of Altera’s MAX+PLUS II CAD tool and the UP1 board is available from Altera at special student pricing.
This is an ideal book for undergraduate digital logic and computer design courses with more than 40 fully developed and simulated examples that can be used on the UP1 board.
Your Small Business May Be At Risk Unless You Have A Security and Recovery Plan
Taking the time now to at least put together an informal security and business recovery plan will go a long way in the event of a real disaster or other loss. Learn what your small business should think about before the unexpected happens.
Donít think your small business is at risk? Think again. Whether you realize it or not, your business has valuable information and assets that probably are not protected right now. Your business likely has confidential client information, proprietary business knowledge or just internal knowledge that you wouldnít want to be exposed to criminals or competitors. The loss of this information could have a devastating impact to your business. While business insurance is an important part of your protection, it cannot protect clients from identity theft or your business from unscrupulous employees or competitors.
No matter how big or small, your business needs to have a security and recovery plan in place that determines what risks you have, helps protect against those risks and sets plans in place to handle the most likely types of losses you may experience. Your plan should also look at the both the ëphysicalí and the ëvirtualí aspects of your business.
Start by considering the types of risks to which your business may be vulnerable. What if your business information was lost or stolen? Do you have customer files or records, tax receipts, bank statements, business plans, customer work products?
Next, consider the physical aspects of your business that may be vulnerable. Do you have unique office equipment, inventory, computers or trade specific tools?
Finally, look at how you do business. Do you rely on technology, the internet or employees with unique skills? Does your business model depend on repeatable processes that are unique to your business?
Now, consider what would happen to your business if these parts of your business were lost, destroyed or stolen. Could you continue operating if you lost your client files? Could you be sued by customers if their personal information was exposed? Could you be the target of negative publicity? Could your competitors benefit if they gained access to the information? What if you lost email access for a day? What if that key employee suddenly left for another job? What if your office space caught fire or was flooded?
Your security and recovery plan should put in place the safeguards and policies and procedures to prevent some of these risks and the potential to negatively impact your business. Physical access to buildings is relatively easy to control although most small business have little more than a lock on the front door. Should you consider locking file drawers? Is inventory controlled? Does every employee have access, even to things that are not part of his or her job? Could a disgruntled or fired employee return to the workspace after hours with an extra key copy?
Your plan should consider how to protect the ëvirtualí parts of your business also. Do you have backups of any important files? Do you have passwords, account numbers and other ëkeysí securely guarded? Do your computers have virus and firewall protection and is it up-to-date? Do you have internet and email usage policies in place to protect your employees form harassment charges?
What about remote employees or workers who ëtake work home?í In todayís highly mobile environment vital business information can now be easily accessed outside of your physical controls? Do your employees know how to safeguard laptops, cell phones, flash drives or even print outs of business information once they leave your workspace? What if a laptop is stolen from a workerís car or home or hotel room? Do you have a backup of the data that was on the laptop? What if your employees are accessing your information from a coffee shop Wi-Fi? How do you know if your clients and business are protected?
Lastly, your security and recovery plan should consider how you would handle the most likely losses. For instance, if the computer that holds all your sales information crashes, you should probably have a plan to immediately restore that information from a backup. Where is the backup tape or disk kept? Who has access to it and most importantly, who knows how to restore a backup? If you office is flooded, how quickly can you relocate? Can some employees work from home or other remote locations temporarily? If client information is stolen, do you have a way to contact them?
Most small business owners likely have taken first steps like purchasing insurance and putting locks on the front door. Unfortunately, few have taken the time to really understand the potential risks to their business.
Taking the time now to at least put together an informal plan will go a long way in the event of a real disaster or other loss. Even the best planning obviously wonít protect against all disasters but it can certainly lessen the impact to your business once one occurs.
Aubrey Jones is President and founder of Riverbank Consulting, Inc. Since 1996 he has worked to protect internet banking clients for one of the top US financial institutions including serving as a Risk Manager.
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