Day: March 31, 2018

Categories
Business

Quick Tips On Starting A New Business

Estimated read time 4 min read

Today’s busy business marketplace is a sign that business in the modern world is getting anything but stale. If you feel you’ve got what it takes to start a new business, then these quick tips will get you on the fast track to planning your business.

According to the United States’ Small Business Administration, small business actually comprise of a whopping 99.7-percent of all businesses that exist within the United States. They play a continuously major role in the growth of the U.S. economy thanks to their capacity to create a lot of jobs for a lot of people, with 60-percent of jobs being created from 2009 to 2013 actually coming from small businesses.

Unfortunately, the dangers of a volatile market fall on all kinds of businesses. Two-thirds of all businesses will survive their first two years in the market, but only half that remain will prevail after their fifth year. Of that already-small number, only a third will go past a decade. While these numbers do feel overwhelming, it doesn’t imply your new business is doomed to fail. It may help, however, to ensure your business planning process is met with careful scrutiny and proper assessment before you fully push through with your ideas. Here’s how:

  • Remember to make sure you know your niche and you’re familiar with it. Sometimes, it’s easy to find industries and niches that are thriving in the world of business, but just because you spot a “hot spot” doesn’t mean you can just slap together a business and expect it to survive. No matter how many professionals you get related to that industry, if you yourself haven’t done your homework, your team will not function as properly without your proper direction.
  • Find a product and/or service you will be willing to develop for an extended period of time. The keyword here is “a” as a lot of businesses tend to make the unintended mistake of wanting to be a one-stop-shop for all the particular needs of a current niche, making their workload a tad bit too overwhelming to bear. Make sure you choose a particular service and/or product you want to provide and focus on being the “expert” of providing such an item. Identify the intricacies of providing the product and/or service and make sure you familiarize yourself with them

  • Consider logistics, operations, equipment. When you have a niche and a product/service you want to emphasize, it’s time to see whether or not you may have the kind of equipment, operations, and logistics to accommodate the kind of expectations you have. Try to list the kind of operations you want to have based on the service/product you want to provide and identify the kind of equipment and manpower you may need to provide your service at this level.
  • Check your budget and hire a business and/or financial consultant for guidance. Your capital is perhaps one of the most important key players in your entire business journey as it’s the one thing that can separate you and your plans together. Make adjustments towards your operations and equipment accordingly based on the budget you have and the recommendations of the professionals you have. Chances are they will provide you with an estimate of just how much you need to earn to sustain both your operations and grow as an enterprise.

Conclusion

Remember that when it comes to the quick tips above on starting a new business, it’s important to consider not just the niche you want to get yourself into, but as to how that niche can be a sustainable source of innovation for your business. You also have to consider the kind of resources you can offer and the kind of money you have to get circulating inside your business to make sure it thrives in the long run. A business and/or financial professional might be able to assist you in these matters. If you’re looking to learn more about the legal aspects of this, however, then you may click here to learn more.

Categories
legal

Things To Consider After Being Involved In A Construction Accident

Estimated read time 4 min read

Being in the construction industry means you are more or less familiar with the dangers and risks involved with construction. This is also why businesses ensure you have adequate equipment and gear in order to operate the various machines you have to work with. As mandated by law, businesses are obliged to make sure your environment is safe. However, accidents don’t choose where and when to strike, and a construction accident may happen to you. If such is the case, what should be your next move?

Numbers from the Occupational Safety and Health Administration show much of workplace-based accidents in the construction industry are actually caused by what’s known as the “Fatal Four” injuries. This means being struck by an object, being caught-in/between, electrocution, and falling are in fact injuries that cause much of the deaths in the construction industry every year. In fact, of 4,693 deaths while on the job, 991 of these fatalities are from the construction industry. This is followed by thousands being injured due to these accidents every year.

Of course, these numbers do not by any means imply that you should quit working in the construction industry immediately, but it’s important to note that it’s precisely because of these risks that you and your employers should be extra wary of your workplace. Here are things to consider after being involved in a construction accident:

  • Make sure you are safe and treated. No matter the kind of situation, if you experience a construction accident, get yourself treated immediately. If you have an in-house facility designed to treat construction accidents, then get yourself checked immediately. You are also free to get yourself checked by your own physician or another physician from a third-party in order to ensure your company’s physician has identified everything that’s wrong with your body. Take note of pain in the body that don’t show physically as wounds or bruises as they may be a sign of internal bleeding and you have to get them checked right away.

  • Take note of everything that’s happened to you. If you have to go to a medical facility, make sure you ask for documentation on everything that’s happening. This is especially if you have to pay for expenses for getting yourself treated after the accident. Get yourself copies of medical reports, correspondence, bills, receipts, and everything that describes what’s happened to you because of the construction accident and what you had to pay for. If you had the time to wait before immediate medical assistance, try to get documentation at the scene. Take photographs of the construction accident area, what you were wearing at the time, how the environment appeared, and if there’s anything that indicates being the cause of said accident.
  • Make sure you make a report and follow your workplace protocol. Do you have a prescribed set of rules in your company when it comes to accidents? If you do, make sure you follow them to the letter. If not, take note of this fact and ask your human resources department what to do. Ask where you could file an accident report, as most companies are obliged to keep an accident book or compilation of accident reports for them to be able to make assessments of how to improve their workplace’s safety. Make sure you’re as detailed and as factual as possible, and make sure you confirm that the report is how you’ve written it when they’ve finally processed it.

Conclusion

Remember that when it comes to the things to consider after being involved in a construction accident, it’s important to always try to stay calm and remember protocols you have at work. Your safety is of paramount importance, so make sure you get yourself treated as soon as an accident happens in order for injuries not to get worse over time. While accidents may happen at random, you are very well capable of making sure you stay safe should a construction accident happen. If you’re wondering about some specifics of construction accidents such as its legal aspects, then you may click here to learn more.