Small Business Defined
Defining what constitutes a small business has always been an issue. In this blog, I have more often referred to small businesses whenever I am addressing a relevant issue to distinguish them from larger corporations.
An organization that employed less than 100, a company that has more than $500k in annual sales revenue, a retail store or pharmacy, managed by the business owner itself, smaller relative to its target market –are but among the many attempted definitions being offered. In fact, even the U.S. SBA (Small Business Administration) has to set variables and other parameters to classify a business ‘small’ in nature.
Why wrestle with the definition anyway? Why now?
Because, it must be settled that there is no single authoritative definition for a small business. Ironic though, at least for now, we settle for an ambiguous definition, that is, a business that is independently owned and managed by its owner/s, with a fewer employees (or sometimes none) and relatively low volume of sales. Let that suffice for now, and at least when I discuss issues here that are relevant to small business.
Basic small business management does not only involve managing your operations, people, finances, sales and marketing, but protecting your properties as well. Small business security is essential to your continued viability. More often, we tend to overlook this. Whether you are a retail store owner or a freelancer like me (with one staff employee), regardless of the size and nature of your business, you need to ensure that your offices and other properties are secured from common burglary and fire.
You might want to get an online analysis and recommendation through ADT Security Systems advisor to determine your requirements and the appropriate security system to install. This is one of the investments you must make. Do not put it off. By the way, ADT offers security solutions targeted specifically for small businesses. They can monitor and protect your business 24-7.
Our take on this: While I am aware that these are crunch times for small business owners, however, the cost of installing reliable security and fire alarm systems is too small to make compared to the possible losses you may incurred due burglaries and fire. Besides, as they say, “better safe than sorry!”
Protecting your Small Business Investment
Here, let me be clear that I am referring to your factory, office (home or otherwise), warehouse (supply and product inventory, and equipment. These are, basically, the tools of your trade -and where you tied-up more of your money. It is but fitting then to safeguard these investments.Basic small business management does not only involve managing your operations, people, finances, sales and marketing, but protecting your properties as well. Small business security is essential to your continued viability. More often, we tend to overlook this. Whether you are a retail store owner or a freelancer like me (with one staff employee), regardless of the size and nature of your business, you need to ensure that your offices and other properties are secured from common burglary and fire.
You might want to get an online analysis and recommendation through ADT Security Systems advisor to determine your requirements and the appropriate security system to install. This is one of the investments you must make. Do not put it off. By the way, ADT offers security solutions targeted specifically for small businesses. They can monitor and protect your business 24-7.
Our take on this: While I am aware that these are crunch times for small business owners, however, the cost of installing reliable security and fire alarm systems is too small to make compared to the possible losses you may incurred due burglaries and fire. Besides, as they say, “better safe than sorry!”
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About the Author
Nor Franco is the Managing Director and Virtual CEO of nextManager.net. He's a former corporate executive whose passion is bringing out the full potential of HR in Businesses. This time that passion is pursued through Virtual Management. He writes and blogs about his management views and insights here. Follow him on Twitter.
