How to Take a Vacation as a Small Business Owner

A woman laying in a hammock on a tropical beach on vacation using a laptopIf you’re a small business owner or entrepreneur, it can be difficult to justify taking time off. Owning a small company means that your list of responsibilities is endless, and without you, it’s hard to imagine the business running smoothly. As the leader, you’re in charge of everything from checking inventory and paying utilities to promoting your business and keeping customers happy. However, everyone needs a break from work to practice mindfulness and recuperate energy. Let’s take a look at how you can take a vacation as a small business owner. [Read more…]

New Year’s Resolution: Updating Your Business Insurance

New Years Resolution: Updating Your Business Insurance - Woods Insurance - Worcester, MANew Year’s Resolutions. Most of us have a love-hate relationship with these yearly goals. It is fun to dream, plan, and let yourself get caught up in a whirlwind of inspiration and aspiration. However, it doesn’t take long to grow discouraged once the process actually starts. As a business owner, the beginning of a new year is an important time examine your business in every aspect. You should be looking at where you have been, where you currently are, and where you want to be. It’s also wise to do a periodic evaluation of the company’s insurance coverage. Where do you stand, and do you have sufficient coverage? It might be time for updating your business insurance.

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What Is A Key Man Policy?

When you first start a business, you are usually responsible for everything. You are the accounting department, the HR department, the marketing and sales department, the janitor, and everything in between. Essentially, the business would cease to function and effectively exist without you. As a few people get added to the team, those members can also be incredibly important, their absence would cause the business a tremendous financial setback. These are your “key men” (or women), and this is what a key man policy is designed for.

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