Why Everyone Needs to Know a Banking Expert Witness

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StrategyDriven Entrepreneurship Article | Banking Expert | Why Everyone Needs to Know a Banking Expert WitnessThink about some of the most heated arguments of your professional and personal life. Odds are, a good percentage of those disagreements were about money. Money is a driving force in most people’s lives: getting it, keeping it, and spending it. Some people even claim that money is the root of all evil. Unfortunately, many criminal or ethically questionable actions are taken in the name of money every single day, and in today’s increasingly litigious world this often leads to a trip to court.

Financial knowledge in the courtroom is not just for large cases involving corporations or millions of dollars. A simple breakdown in communication or disagreement could lead to a lawsuit at any time, with anyone. The neighborhood kid who mows your law could even take you to court if your actions are interpreted as malicious, such as refusing to pay him for a poor job. While that example is extreme, it does show that litigation is lurking everywhere, and a responsible person should be prepared for the worst. Having a network that includes a banking expert, or knowing of a reputable one, could be important on short notice.

The complexities of banking and finance involve a lot of moving parts as well as regulations and systems that are constantly in flux. Only someone with extensive professional knowledge is qualified to appear before a courtroom as an expert witness. Bolstering your legal team with a banking expert is crucial to help insulate your assets from greedy unwarranted claims and even deserved ones. Minimizing your exposure to losing a lawsuit of any kind involves relationships with more than just an attorney.

Finding an expert witness can be as easy as a Google search. However, checking for a long history of fulfilling this role as well as pertinent professional experience is important. Searching for the best expert can help anyone get closer to legal victory.

When To Check a Potential Employee’s Credit

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StrategyDriven Talent Management Article | Employee Background Check | Employee Credit Check | When To Check a Potential Employee's CreditAs a hiring manager, you want to ensure you interview and employ the best workers possible. Naturally, you spend plenty of time reading resumes, contacting candidates, and performing thorough interviews. However, what you might not realize is that you sometimes need to perform a credit check on potential employees. Check out this quick guide to help you decide when to do so.

Job Positions That Benefit From Credit Checks

Employee credit checks are most common when a company is hiring someone who will directly deal with either the company’s finances or the clients’ finances. This may include people who work in upper management, call center representatives for banks and credit card companies, accountants, and more. Some employers even perform credit checks on the store clerks who run the cash registers.

What To Look For

When it comes to what to look for when performing a credit check on potential employees, it is really up to you. Most hiring managers first look for current or past bankruptcies as well as consider how many delinquent accounts the potential employee has. More scrupulous employees may also consider how much the person owes on mortgages or in student loans. Keep in mind that a credit report won’t always tell the whole story, though. If the candidate looks good otherwise, feel free to interview them to find out more information.

Make Sure It’s Legal

Before you spend money on a credit check services for employers, make sure you can legally look into your employees’ credit histories. Some cities and states don’t allow you to do so at all. In the ones that do, you must follow a protocol. This includes getting written approval to do the credit check from the potential employee, not looking further back than 10 years into the history, and providing the employee with a copy of the report you receive if he or she requests it.

While it is important to research a potential employee’s credit history if he or she will deal with any of your company’s financial information, keep in mind that poor credit doesn’t necessarily need to be a deal breaker. Remember to go with your gut feeling and to look at other important factors when choosing your new employees.

3 Reasons to Be Careful about the Companies You Do Business With

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StrategyDriven Managing Your Business Article | 3 Reasons to Be Careful about the Companies You Do Business With | Entrepreneurship | Risk ManagementIn business, there are all kinds of different things that you need to be mindful of, and cautious about. It’s certainly the case that you need to invest your money wisely, and if you’re operating in the wrong niche, that in and of itself can be lethal.

Perhaps one of the biggest pitfalls that a new entrepreneur can fall into, however, is getting in bed with the wrong business partners, or becoming a bit too embroiled in shady dealings, alongside unscrupulous companies.

Certain businesses are likely to be a boon to you, if you work with them. A company that is focused on protecting the rights of maritime workers, and that is run ethically by an upright and reputable individual, is unlikely to cause you trouble if you happen to be in partnership with them.

Other companies, on the other hand, can ruin you by association.

Here are a few reasons to be careful about the company you keep in business.

You may get exploited and dragged down directly

The first risk that you face when doing business with an unscrupulous company, is that they exploit and drag you down directly.

It’s not unheard of for devious business partners to use fairly naïve entrepreneurs as “fall guys” for schemes that are fundamentally based on misrepresentation, and exploitation of the customer. In such cases as these, you might find yourself being contractually listed as the responsible party when things go wrong.

Other forms of exploitation are even more blatant – and involve things like the direct theft of your unsecured intellectual property.

Your reputation can be permanently tarnished by working with an unscrupulous company

In business, reputation is a big deal, and if you sink yours by associating yourself with deeply disreputable companies, it’s entirely possible – if not even likely – that you will never be able to recover, professionally.

Plenty of people find their reputations completely destroyed, not necessarily because of something they did, but because they got too close to assorted sketchy companies, and were painted with the same brush when things eventually came to a head.

Avoid this situation altogether, because trying to do damage control can be a real pain.

By being inattentive, and complacent, you may end up in a position where you compromise your own moral code

This is actually the most important point in the list, although it comes last in the article.

Plenty of companies act in ways that will violate various people’s moral codes and standards. Of course, living by a moral code, and being forthright and accountable to your own values, is perhaps the most important thing in life.

Without character, you have nothing.

Just by being inattentive, and complacent, you may end up in a position where you absentmindedly or unknowingly compromise your own moral code, by your choice of collaborator.

It’s very hard to regain self-respect if you come to find that a company you are closely working with has ruined the lives of your joint customers or clients through their immoral or reckless actions.

Ideas For Keeping Your Small Business Protected Online

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StrategyDriven Managing Your Business Article | Entrepreneurship | Cybersecurity | Risk Management | Ideas For Keeping Your Small Business Protected Online These days you’re likely doing a lot of business and performing your tasks online. While the Internet can be an extremely beneficial way to run your company, it also comes with its downsides.

One cause for concern is being vulnerable to hackers and those who wish to sabotage your files and business. The following ideas are going to help you learn and understand what you can be doing better at your workplace to protect your small business online. This is one subject matter you want to take seriously and attend to if you wish to keep your company free from any unfortunate situations that will be difficult to clean up later on.

Educate Yourself and Be Current

One idea for keeping your small business protected online is to educate yourself on the topic. Be current about knowing what anti-virus programs to use, what backups to perform and when and getting to know your computers better so you can make sure they’re consistently running smoothly. The more you know about IT maintenance, the less of a chance there will be that your business will fall victim to hackers and wrongdoers. You put yourself at risk for negative consequences when you choose not to learn more about online security and what you can be doing better to improve it at your workplace.

Hire Help

Another great idea is to hire help and pay for the professionals to assist you on the matter such as using a Managed IT service. The reality is there’s a lot of information in this area you’re not going to know and will need assistance with if you want to make sure your business is protected online. You likely have other pressing matters and initiatives to attend to and can’t always be in the know about what’s new in the IT world. Invest in using a third party to help you make sure you’re doing all you can to keep yourselves safe on the Internet.

Use Strong Passwords

Never underestimate the advantages of using strong passwords to protect your computers and files. Keep your small business protected online by committing to using passwords that would make it difficult for someone else to hack into your information. Create ones that are challenging and complex, but also update your current passwords often so that it makes it harder for someone else to guess it or compromise your data.

Provide Best Practices to Your Employees

It’s not only your job to make sure your business is protected online, but also that of your employees. However, they may not be aware of how important this matter is or how to go about doing so unless you inform them. Provide best practices your employees can use to make sure their laptops and files are secure. For example, educate them about not clicking suspicious looking links, following through and complying with computer updates and who to ask or turn to should they have online security questions.

How to Relocate Your Office

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StrategyDriven Managing Your Business Article|Relocation|How to Relocate Your OfficeMoving house is stressful enough, but if you need to relocate your office, multiply the stress levels several times as there are so many more things to think about. It’s often not possible to shut down operations for more than a couple of days, which means you’ve also got to move quickly. You’re going to be moving big and bulky office furniture, electronics and IT, paperwork and plenty of other things. It doesn’t matter how big your office is, be prepared for a lot of hard work. If you’re about to relocate your office here are some tips to help the process go smoothly.

Start Planning Early

If you haven’t already got a relocation plan in place, you need to get your skates on. Ideally, a plan has to be made well in advance of the move. Don’t be tempted to think you’ll be able to wing it as this approach is very likely to end in disaster. Divide up the tasks and make sure everyone is clear about what they have to do and when it has to be done by. Something else that needs to be planned is where everything is going to go in the new office. Also, include the cost of the move in your plan.

Have a Designated Move Manager

Everyone is going to be playing a part in the move, but it still helps if there is someone in overall charge. They’ll be able to facilitate and follow up on each step of the moving plan and ensure things are progressing as they should. There may be someone in the office with previous relocation experience, or you can get your administration assistant involved.

Find the Best Moving Company

When it comes to hiring a moving company, it’s not a case of picking a name out of a hat. You need to do some research and get quotes from at least three professional moving companies before you make a booking. There’s plenty of help online when you’re looking for recommendations. You should have considered another detail before hiring a company. It is if you are heading into a local or an Interstate Removals. Keep in mind that not every professional offers both services, so it is crucial to consider this before making a final decision. For example, visit www.movingcompanyreviews.com if you want quotes from licensed and insured movers.

Get Everyone to Pitch in and Help

You’re probably going to be hiring a moving company for the majority of the larger items, but you can get staff to help by making them responsible for their own desk space. Let them know a timeline and provide packing materials and boxes.

Other Factors to Consider

There are many other factors you need to bear in mind. For example, find out about the building rules around relocating as you may only be allowed to move during non-business hours. Update all your documents as soon as possible with your new address. Label all the moving boxes very carefully, so there’s a better chance of a seamless move. Make sure everything you’re moving is going to fit in your new office space. You might be able to save time and money if you try to move some non-essential items on your own first.

Office relocation is stressful so when it’s done and dusted, spend some time with your employees saying thank you for all their efforts.