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Don’t let bad habits bring down the firm

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All small-business owners set out to achieve high levels of success at their firms, but in many instances, they are set back by poor choices and bad habits that wreak havoc on the company as a whole. A recent blog post for Entrepreneur magazine shared some insights from TW Walker, author of Superhero Success, about some easily fixable business habits that can bring down a company.

“Habits form from repetition and frequency,” Walker told the magazine. “The problem is that most people repetitively implement the wrong [habits] that are actually blocking their success.”

Wasting time with unproductive tasks
Many businesses ask their staff members to sit at a desk in front of a computer all day long. This can not only lead to getting bored at work, but with the world wide web at their fingertips, it is easy for employees to get distracted from what they are supposed to be doing. Staying off of social networks and writing too many pointless emails can help staff members stay on task all day long. 

“[People think] they’re being productive and multitasking where in reality I believe that the whole idea of multitasking is unproductive,” Walker told the source.

Being scared to make tough decisions
Small-business owners are far too hesitant to take risks and instead operate with fear. Being scared to make to make tough choices can often hinder productivity throughout the entire company. An article for Forbes said it’s important for business owners to be strong in their decision making and to not waver after a choice has been made.

However, many small-firm owners an often make poor decisions and have bad habits that can hurt their enterprise in the long run. In order to stay protected in these situations, it’s important to have small-business insurance policies.

 

General Liability Insurance

What Is General Liability Insurance? Commercial General Liability Insurance protects small-business owners from claims of injury, property damage, and negligence related to their business activities.

Workers’ Compensation

What Is Workers’ Compensation Insurance? Workers’ compensation insurance covers your employees’ medical expenses and at least some portion of their lost wages if they are injured on the job.

Business Owners Policy

What Is a Business Owners Policy? A BOP is simply bundled insurance designed to provide essential coverage to certain business owners at a competitive price. A BOP insurance coverage includes

Professional Liability Insurance

Professional liability insurance also called , errors and omissions insurance (E&O; insurance), protects you if a client claims that your services caused them to suffer a financial loss. While general liability insurance is primarily focused on property damage or bodily injury,

Disability Benefits Insurance

Employers in New York State are obligated to offer disability benefits insurance to their employees. This coverage is specifically designed to provide financial assistance in the event of off-the-job injuries or illnesses.



Business Umbrella Insurance

Without Business Umbrella Insurance (also sometimes called Umbrella Liability Insurance or Excess Liability Insurance ), you would have to pay the uncovered expenses out-of-pocket. Even if you carry General Liability Insurance for your business, without business umbrellainsurance you might face a repair, settlement, or judgment in excess of your coverage limit.

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