Saturday, November 6, 2010

Why investing is different for a small business owner

Given a choice, most of us would probably not like to work for any one else. The idea of having one’s own business is a tempting thought. However those who have never owned a small business would also not be aware of the kinds of pitfalls that a small business owner has to contend with at every step along the way.  I have a friend who started a garment export business from scratch on her very own and I have seen the stress written all over her face. Yes, she has a lovely apartment and money is no constraint for all the necessities of life and some luxuries too but money does not come easy. It is hard work all along the away. Small business owners are also constrained in many other ways unlike big corporates.

Take investment for instance. As veterans from this field will tell you, caution is the key because at the end of the day, the risks are much more amplified than for the average investor. 

To maintain sustainable growth, there is no room for speculation here and restraint is the order of the day. It may sound boring but a small business owner needs consistent and predictable returns. One wrong move and a life’s hard work can be wiped out forever.

One precaution that a small business owner must never do without is commercial general liability which acts as a shield for small business owners against risks such as property damage, business interruption, theft, liability, and worker injuries. Going without commercial general liability cover would be foolish and a huge risk.

If any small business owner is looking for commercial insurance cover, I suggest that they contact Allied brokers at (650) 328-1000 who will send one of their representatives over for a discussion and do visit www.alliedbrokers.com/commercial_general_liability.html

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