The Sunshine State of Florida can offer many benefits to prospective business owners. It is home to 2.5 million small businesses, and with locations such as Jacksonville and Orlando, the potential for creating a successful business of your own is immense.
However, all of that potential can disappear overnight if your business does not have the correct safeguards in place.
Understandably, sourcing the right services for this task can be a difficult and time-consuming process and may seem like something not worth doing. But, choosing these services wisely can save your business a lot of money and gives it a lot of protection against a variety of legal issues.
It can also increase a customer’s confidence in your business if they know their data is well protected and your enterprise is far less likely to have problems with security and fraud.
Here are three of the best ways to safeguard your business:
1. Check for government grants
The current crisis has highlighted the financial difficulties that small businesses can get into without any warning. However, even before the pandemic, there were several financial boosts and lifelines available for your business in Florida, here a few you should know:
- The Florida High Tech Corridor Council – These grants require an industry-university partnership
- USF Start-up Funding – Seed capital accelerator program for Tampa Bay Technology Incubator (TBTI) affiliated companies has been designed to support and provide funds for new and existing start-ups that were formed based on the licensing of USF technologies
- Palm Beach County Job Growth Incentive Grant – This encourages new businesses and relocating businesses in the area, thus promising new jobs within the community
- Enterprise Florida Grants – The state’s economic development agency awards grants to start-ups
2. Ensure you have worker compensation
Worker compensation is a legal requirement in Florida if you have four or more employees and also for every business (both contractors and self-employed) in the construction industry. However, it is a good safeguard for your business even if you have fewer employees.
Florida worker’s compensation insurance like that offered by Next Insurance can help pay for emergency treatment, medical bills, lost wages, and death benefits. It can also prove to be very useful when applying for certain licenses and certificates.
3. Make sure all of your files and data are backed up on a secure storage facility
For many businesses, if you lose your data, you lose your business. So, protecting that data is of the utmost importance. It’s not just the threat of hackers that puts your data at risk, though.
Hurricanes and severe storms are commonplace in Florida and can cause power outages and irreparable damage to any physical data storage devices you have on-site.
Most secure data storage back-up companies offer both proactive and preventative solutions, ensuring that your data is encrypted and backed up on and off-site daily (most usually on a virtual server on the cloud). There are a few local companies in Florida to choose from.
By following these steps, you’ll be putting your business in the best possible position for future success.