How Is A Business Affected By The Environment?

Although living in a high-tech world, nobody affords neglecting the environmental impact over a business. From industrialized research sites to water parks and open-air theaters, all these business must be aware of the natural factors that may temper with their activity. Understanding the risk and managing the activities accordingly is something every company should do. Adhering to ISO 14001 EMS will assure that the company is ready to reduce the negative impact natural factors have and will be able to maximize production, labor cycles and will have a greater return of investment. But first, let’s find out how nature influences a business.

Natural hazards pose a serious threat to any business. Placing office buildings or industrial installations in areas frequently affected by tornadoes, earthquakes, hurricanes, flood or other similar events will be a big mistake. Not only will the workers be exposed to life-threatening situations, but also, the cost of insuring the assets will be high. This is why the first thing when planning a new business location will be to make sure that the location is safe and not affected by frequent extreme phenomena.

Sometimes the businesses are the ones causing the environmental problems, which in return, provide negative effects. We are talking about the waste created by plants and other industrial buildings. There are many laws which prohibit dumping byproducts in open air. Not respecting the laws will lead to not only legal consequences, but also will create unpleasant work conditions. Working near leaked toxic disposal or smelly substances will certainly modify any worker’s behavior. The overall result will be reduced productivity and a greater risk of being sued, by either authorities or workers.

When a business depends on the natural resources of an area, things get a bit complicated. It first depends on the used resource, mainly if it can be regenerated or not. It is totally different to work with gold, silver or coal, which will be depleted, eventually and there is a total different story to work with trees or fish, like salmon, which can be regenerated (if there is a proper seed or breed management).

Another aspect, which is usually neglected, is wildlife. The specific fauna of an area can have a great unexpected impact over a business. For example, rodents can chew all sorts of cables and created really dangerous situations. And wild predators can even pose serious threats to a company’s workers. This is why nature must not be neglected when overseeing business operations.

How To Limit Liability In Your Early Education Company

There is always risk and opportunity for liability in an early education company, but there are a number of ways you can limit your liability and manage risk in your business. Here are 11 things you may want to consider. (** Always talk with the proper professionals before taking action.)

1. The Heart Stopper: Make sure you never lose track of a child. This terrifying event is most likely to happen when moving back and forth to the playground or when children are transported via busses or vans. Sometimes it is not enough to count the number of children. Make sure you perform a sweep after “all” of the children have left an area. This is especially important for busses and vans as children are easily overlooked when they are in the back of a bus or van.

2. Observe Good Business Practices: This act is incredibly important. While it doesn’t guarantee that you will be safe in your business environment, it certainly reduces the risk of getting sued.

3. Business Component Incorporation: Incorporate your business to limit your personal liability.

4. Real Estate: If you own real estate for your early education company, own it in a corporation or LLC that is different than the corporation that owns your business component. By holding your real estate in a different entity, it can be protected from litigation against the childcare business. Remember, you don’t have to be wrong to be sued. Over the years, we have seen childcare company owners sued frivolously for little more than a parent that just needed a source of income.

5. Transportation: While some companies don’t go this far, owning your company vehicles in a separate transportation company helps to limit liability in the event of a traffic accident. Some people and their attorneys view litigation like a lottery. Fighting a lawsuit with someone who is trying to make a “corporation” pay is time consuming at best. It’s also likely to increase your insurance rates.

6. Insurance: Make sure you have the proper insurance coverage, including but not limited to, liability, property, flood and business interruption coverages.

7. Teachers: Train your teachers so they instinctively guard against any threat to the children, themselves or your center(s).

8. Playgrounds: Sectionalize playgrounds to make sure older children don’t accidentally collide with the little ones when playing outside.

9. Security: Install proper security doors and surveillance cameras so unwanted visitors don’t gain access to your center or the people in it.

10. Licensing Compliance: While licensing is always part of the daily childcare business, keep in mind that the regulations are there with good purpose. Sometimes it is the smallest act of prevention that stops a catastrophe.

11. Professionals: Make sure you have at least one good attorney and one good CPA on your team. Having the right professional to show you the correct path is much easier than learning things the hard way.

By following a few practical and common sense rules, you can limit both your risk and your liability in your business.

(Legal Disclaimer: Always consult the proper professionals before taking action. By and before the use of the information provided herein, reader agrees that BFS┬« is not responsible for viewer’s actions related to said information.)

Why Determining Your Risk Tolerance Is A Vital Part Of Learning To Trade

Investors often find that although there is a very vast and diverse range of financial instruments that can be used for investing, certain factors remain the same across all markets. Foremost among these is the need to determine and define individual risk tolerance. Without a comprehensive understanding of what this is and how to trade in accordance with it, investors will always be at risk of making hasty decisions that foster direct losses or cut their potential profits short.

In its is clearest and most basic sense, your risk tolerance is the amount of money that you can afford to comfortably loose without emotionally unraveling or putting yourself in a position in which loss can force you out of the market entirely. If you are ever in danger of wagering or leveraging more than this amount, serious problems can ensure. More importantly, these will usually be problems that you have created for yourself.

Fear-driver decisions are rarely well thought through. When people have put themselves into high risk situations, they tend to take rapid actions in order to control their outcomes. With binary options, this usually means paying extra transactional fees to bring trades to an immediate and grinding halt. The goal of these hasty efforts is to minimize losses.

In addition to paying additional transactional fees to the broker of your choice, you may accidentally cut your profits short. When you trade within your range of risk tolerance, however, there is a much lesser likelihood of your sidelining your own profits. This is because you can confidently stand behind your market theories while watching them play out.

These same ideas also apply in the foreign exchange market. When leveraging two currency pairs in the hopes of gleaning profits, you have to account for the different factors that can impact currency values and the amount of time that it will take for the effects of these factors to play themselves out. Giving up on a currency pair too soon, could cause you to miss out on remarkable gains.

There are even certain, profitable trades that knowledgeable traders are unwilling to implement, simply because they are too fearful to trust the information that indicators and sources have revealed. Rather than being leery of their own sources, they are simply unable to identify the threshold of their risk tolerance. Moreover, they may have experienced more recent losses than gains and have unknowingly neared or surpassed their risk tolerance.

A lot of brokerages and trading programs have in-built market simulators. These are great for people who are just learning the ins and outs of a new market as they evoke similar emotions of real trades while showing whether trading theories are spot on or recipes for guaranteed loss. If you’re just starting out in the binary options or foreign exchange market, it is best to make a number of simulated trades before leveraging any real cash.

In addition to helping you identify the best Forex strategy, a good simulator will also give you a better understanding of your ability or inability to tolerate large amounts of risk. Simulating trades with increases or decreases in trade values will reveal a more accurate threshold that you can adhere to when entering the actual market. Trading in accordance with this threshold is by far, the best way to avoid emotion-driven, hasty decisions that cause more harm than good.

Dot Com Media Warns Local Businesses Against Fake Reviews

Fake reviews are becoming common these days to hurt the reputation of businesses. Many new startup companies who lack a strong customer database or have low customer satisfactions levels are engaging in new levels of treachery to gain undeserved popularity, such as by creating fake positive reviews for themselves. These new acts of deceit help companies lure future customers who fall prey to such reviews. Dot Com Media is a responsible corporate citizen and wants to create awareness among local businesses to be watchful of such cunningness.

Most consumers rely on reviews from customers to judge the performance of an online or local company. Due to lack of personal experience, customers tend to evaluate the services and products sold by the company based on positive and negative testimonials. Incompetent businesses that lack professionalism and ethics, may engage in dishonest practices to enhance their business outlook in front of customers by posting false, negative, reviews on their competitor’s website.

Such reviews are mostly self-made, using false names to trick customers into moving away from the website’s products or services. By posting false reviews incompetent businesses hurt their competitor’s reputation. Dot Com Media urges its customers and local businesses to remain vigilant of such activities, which are nefarious and designed to help incapable business sell their inept products or services without any real value for money.

Here are a few tips to identify fake reviews and websites:

Payment options

Check the payment options listed by the company, there are many merchants offering payback services in case the customer is not satisfied. For example, a great way to make transactions safely online is by paying via PayPal, which is widely accepted across the US and any reliable service provider would have a PayPal payment feature. Companies who offer non-secure payment options like direct debit from your credit card or debit card put the customer at risk.

Business Guarantees

Check the guarantees offered by the business. Most businesses offer some sort of assurance in order to gain a potential customer’s trust. Quite commonly, online businesses will post money-back guarantees in case of dissatisfaction. Any professional business would list its terms and conditions, stating its extra services offered to its customers.

Check the Reviews

Always read the reviews posted on the website and be watchful for positive ones. If a review is highly in favor of the company, stating almost all of its services, it is likely a fake testimonial. Companies can now hire freelancers to write fake reviews for their services, typically resulting in an unusual amount of positive comments.

These are some ways to detect fake reviews on a website and to evade the trap conveniently. Dot Com Media always engages in ethical practices and encourages other businesses to conduct operations with honesty and integrity.