Understanding Business Insurances

In the general context of business planning, and also in the specific contexts of business continuity planning and succession planning, one of the topics that we at the Kansas SBDC frequently discuss with clients is the importance of having necessary and appropriate insurances.  Often, we recommend business owners confer with several members of their BAIL team about insurances. (BAIL is the acronym for Banker, Accountant, Insurance agent and Lawyer; but a BAIL team is a business's group of  key advisors...

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Cybersecurity Awareness: It’s Not Just for IT Professionals

Many small businesses think of their IT professionals as their cybersecurity superheroes, their ever-vigilant line of defense.  True though this may be, talk to any IT professional  and he or she will tell you that cybersecurity is not just an issue for IT guys/gals. It is an organizational issue. Business ownership/leadership/management needs to be educated about risks and risk mitigation and involved discussions about cybersecurity in order to plan strategically and lead from a position of knowledge and preparedness. The...

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Kansas SBDC Cybersecurity Forum

On April 25, 2018, the Kansas SBDC is putting on a Cybersecurity Forum in Manhattan, KS. Small businesses are increasingly targets of cyberattacks, with 60% of those going out of business within 6 months and the average cost of recovery being $117,000 according to the National Cyber Security Alliance. The Kansas SBDC brings together experts - see list at bottom of article - from various fields to help educate business leaders, management and small business owners in Kansas about cybersecurity...

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Developing a Small Business Continuity Plan

Business continuity planning is the process of developing proactive strategies for averting, weathering, and recovering from a disaster or crisis and, in the process, protecting a business's employees, operations, and key assets. Continuity planning helps a company anticipate potential threats, identify measures that can be taken to avoid or minimize those threats, and, when such measures are not possible, delineate steps for getting through and recovering from dire situations. A well thought out continuity plan should improve the likelihood of...

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