Twollow
  • Tech
    internet provider

    Bravo Telecom: How Montreal’s Internet Providers Ensure Resilient Telecom Services

    How Does OCR Technology Ease Data Entry Work

    How Does OCR Technology Ease Data Entry Work?

    Social Media APIs

    Harnessing Social Media APIs to Unlock the Power of Digital Connections

    medical call center

    Essential Tips to Improve Engagement for Private Podcasts

    How to Transfer Photos From iPhone to Mac Without USB

    6 Ways How to Transfer Photos From iPhone to Mac Without USB

    Best Camera Accessories You Should Get

    Best Camera Accessories You Should Get

    AC filter

    4 reasons to change your AC filters regularly

    HOS ELD Mandate

    What is an ELD? What is a HOS ELD Mandate? 

    UX designers

    Which Tech Career is Right for You?

  • Apps
    News Mobile App

    Best Practices For Creating Engaging News Mobile App

    app development

    InsiderTech No:1 Web Application Development

    Efficient Hosting Solutions

    Why Businesses Should Use Highly Efficient Hosting Solutions for Their Sites

    How To Build Android Apps With Node JS Using Android JS

    How To Build Android Apps With Node JS Using Android JS

    Is Powerapps Service The Future Of App Development?

    How To Make Night In Little Alchemy

    How To Make Night In Little Alchemy?

    How To Make Light In Little Alchemy

    How To Make Light In Little Alchemy?

    How To Make Glass In Little Alchemy

    How To Make Glass In Little Alchemy?

    How to Make a Blade in Little Alchemy

    How to Make a Blade in Little Alchemy?

  • How To
    unit trusts

    How to Invest in Singapore Unit Trusts

    How To Unlock All Gun Skins in free Fire With Lulubox

    How To Unlock All Gun Skins in free Fire With Lulubox

    solar panels

    Common Solar Panel Concerns and How to Deal With Them

    imei number

    How to Check IMEI Number?

    bong

    How do you manufacture a bong?

    Central heating

    DIY Guide: How To Install A Designer Radiator

    website

    Things That Might Be Wrong With Your Website And How To Fix Them

    design a business logo

    How to Design a Successful Business Logo

    How Live Streaming works

    How Live Streaming works – Everything You Need to Know

  • Business
    • All
    • Finance
    bitcoin

    Experience the Convenience of a Bitcoin Wallet App!‍

    Close up of a young woman working from home

    The Benefits of RMM Software for IT Managed Services

    Physical Gold

    Can You Hold Physical Gold in an IRA?

    Resources To Help Black-Owned Small Businesses

    5 Resources To Help Black-Owned Small Businesses

    Tips to Keep Your Chicago Business Secure

    Tips to Keep Your Chicago Business Secure

    right web development team

    How to Build the Right Web Development Team for the Next Project?

    supply chain design

    Ways To Keep Supply Chain Sustainable

    smartcards

    What can an immigration lawyer do for you?

    How is Barter Network Relevant in Modern Businesses

    How is Barter Network Relevant in Modern Businesses

  • Marketing
    Strategies for Surviving the Ups and Downs of the Market

    Strategies for Surviving the Ups and Downs of the Market!

    Types of Content to Post on Instagram

    Types of Content to Post on Instagram

    SMM Panel

    Why Groom Insta is the Best SMM Panel Worldwide for Social Media Marketers

    How Technology Helps Companies Sales Department

    How Technology Helps Companies Sales Department

    Free Templates

    The Trap of Free Templates: Are Cookie-Cutter WordPress Websites Really Enough?

    Create a Twitter Marketing Strategy

    Get Seen: A 7-Step Plan on How to Create a Twitter Marketing Strategy

    How to Successfully Market a Medical Device

    How to Successfully Market a Medical Device

    video making

    How to use Stock Videos in Commercial Projects?

    social media results

    How to Connect with Other Businesses on Social Media

  • General
    Unblocked Games WTF

    Unblocked Games WTF – Slope, Drift Hunters, Minecraft and 1v1 lol

    Yamaha Motorcycle OEM Engine Parts

    3 Key Yamaha Motorcycle OEM Engine Parts

    lawsuit against Tylenol

    The class action lawsuit against Tylenol

    wearing motorcycle jacket while riding

    5 Types Of Motorcycle Jackets For Riding

    AI

    5 Benefits of Intelligent Construction Sequencing

    people in the world are on the edge of hunger

    47 million people in the world are on the edge of hunger

    Crystal Smoking Pipes

    Top 4 Healing Properties Of Crystal Smoking Pipes That You Must Know

    kratom business

    Can Super Indo Kratom Help Boost Your Energy This Winter?

    cbd

    Is Dabbing CBD Isolate A Safe Option For Beginners?

  • Reviews
    Development of Cryptocurrency

    A Crypto.com Overview

    Ophthalmology eyesight examination

    Red Light Therapy Devices for Eyes: Where to Buy

    text to speech

    Best Text to Speech Converters Reviewed

    air purifier

    Where Can You Find the Best Air Cleaner Pro Reviews?

    How to Choose a Cheap Hosting

    Liquid Web Reviews: A Look At A Reliable Hosting Company

    Ionic Training

    Get Ionic Training and Improve Your Career Options

    Learning Experience

    Salesforce DX myTrailhead to Customize the Learning Experience

    Best Web Hosting Services

    10 Best Web Hosting Services 2018

    Honey Chrome Extension Review

    Honey Chrome Extension Review – Is It Scam Or Real?

  • Featured
No Result
View All Result
  • Tech
    internet provider

    Bravo Telecom: How Montreal’s Internet Providers Ensure Resilient Telecom Services

    How Does OCR Technology Ease Data Entry Work

    How Does OCR Technology Ease Data Entry Work?

    Social Media APIs

    Harnessing Social Media APIs to Unlock the Power of Digital Connections

    medical call center

    Essential Tips to Improve Engagement for Private Podcasts

    How to Transfer Photos From iPhone to Mac Without USB

    6 Ways How to Transfer Photos From iPhone to Mac Without USB

    Best Camera Accessories You Should Get

    Best Camera Accessories You Should Get

    AC filter

    4 reasons to change your AC filters regularly

    HOS ELD Mandate

    What is an ELD? What is a HOS ELD Mandate? 

    UX designers

    Which Tech Career is Right for You?

  • Apps
    News Mobile App

    Best Practices For Creating Engaging News Mobile App

    app development

    InsiderTech No:1 Web Application Development

    Efficient Hosting Solutions

    Why Businesses Should Use Highly Efficient Hosting Solutions for Their Sites

    How To Build Android Apps With Node JS Using Android JS

    How To Build Android Apps With Node JS Using Android JS

    Is Powerapps Service The Future Of App Development?

    How To Make Night In Little Alchemy

    How To Make Night In Little Alchemy?

    How To Make Light In Little Alchemy

    How To Make Light In Little Alchemy?

    How To Make Glass In Little Alchemy

    How To Make Glass In Little Alchemy?

    How to Make a Blade in Little Alchemy

    How to Make a Blade in Little Alchemy?

  • How To
    unit trusts

    How to Invest in Singapore Unit Trusts

    How To Unlock All Gun Skins in free Fire With Lulubox

    How To Unlock All Gun Skins in free Fire With Lulubox

    solar panels

    Common Solar Panel Concerns and How to Deal With Them

    imei number

    How to Check IMEI Number?

    bong

    How do you manufacture a bong?

    Central heating

    DIY Guide: How To Install A Designer Radiator

    website

    Things That Might Be Wrong With Your Website And How To Fix Them

    design a business logo

    How to Design a Successful Business Logo

    How Live Streaming works

    How Live Streaming works – Everything You Need to Know

  • Business
    • All
    • Finance
    bitcoin

    Experience the Convenience of a Bitcoin Wallet App!‍

    Close up of a young woman working from home

    The Benefits of RMM Software for IT Managed Services

    Physical Gold

    Can You Hold Physical Gold in an IRA?

    Resources To Help Black-Owned Small Businesses

    5 Resources To Help Black-Owned Small Businesses

    Tips to Keep Your Chicago Business Secure

    Tips to Keep Your Chicago Business Secure

    right web development team

    How to Build the Right Web Development Team for the Next Project?

    supply chain design

    Ways To Keep Supply Chain Sustainable

    smartcards

    What can an immigration lawyer do for you?

    How is Barter Network Relevant in Modern Businesses

    How is Barter Network Relevant in Modern Businesses

  • Marketing
    Strategies for Surviving the Ups and Downs of the Market

    Strategies for Surviving the Ups and Downs of the Market!

    Types of Content to Post on Instagram

    Types of Content to Post on Instagram

    SMM Panel

    Why Groom Insta is the Best SMM Panel Worldwide for Social Media Marketers

    How Technology Helps Companies Sales Department

    How Technology Helps Companies Sales Department

    Free Templates

    The Trap of Free Templates: Are Cookie-Cutter WordPress Websites Really Enough?

    Create a Twitter Marketing Strategy

    Get Seen: A 7-Step Plan on How to Create a Twitter Marketing Strategy

    How to Successfully Market a Medical Device

    How to Successfully Market a Medical Device

    video making

    How to use Stock Videos in Commercial Projects?

    social media results

    How to Connect with Other Businesses on Social Media

  • General
    Unblocked Games WTF

    Unblocked Games WTF – Slope, Drift Hunters, Minecraft and 1v1 lol

    Yamaha Motorcycle OEM Engine Parts

    3 Key Yamaha Motorcycle OEM Engine Parts

    lawsuit against Tylenol

    The class action lawsuit against Tylenol

    wearing motorcycle jacket while riding

    5 Types Of Motorcycle Jackets For Riding

    AI

    5 Benefits of Intelligent Construction Sequencing

    people in the world are on the edge of hunger

    47 million people in the world are on the edge of hunger

    Crystal Smoking Pipes

    Top 4 Healing Properties Of Crystal Smoking Pipes That You Must Know

    kratom business

    Can Super Indo Kratom Help Boost Your Energy This Winter?

    cbd

    Is Dabbing CBD Isolate A Safe Option For Beginners?

  • Reviews
    Development of Cryptocurrency

    A Crypto.com Overview

    Ophthalmology eyesight examination

    Red Light Therapy Devices for Eyes: Where to Buy

    text to speech

    Best Text to Speech Converters Reviewed

    air purifier

    Where Can You Find the Best Air Cleaner Pro Reviews?

    How to Choose a Cheap Hosting

    Liquid Web Reviews: A Look At A Reliable Hosting Company

    Ionic Training

    Get Ionic Training and Improve Your Career Options

    Learning Experience

    Salesforce DX myTrailhead to Customize the Learning Experience

    Best Web Hosting Services

    10 Best Web Hosting Services 2018

    Honey Chrome Extension Review

    Honey Chrome Extension Review – Is It Scam Or Real?

  • Featured
No Result
View All Result
Twollow
No Result
View All Result

5 Business Threats That Owners Should Prepare For

by Tom Fogden
March 22, 2019 - Updated on November 23, 2022
0
Business Threats
Share on FacebookShare on Twitter

As a business owner, you need to be always prepared for threats in the external world. If you do not have contingencies in place, these threats can endanger your operations, cut your profits or even ruin your brand image. On the other hand, proper planning and foresight can not only minimize the adverse effects of these threats but can help you turn around the situation so the threat becomes an opportunity.

Here are 5 threats every business owner should prepare for:

Unpredictable Weather

The weather is one of the most disruptive and uncontrollable forces you can face in business. With the looming threat of climate change, weather conditions have been quite severe and unpredictable in the last decade. These severe weather conditions can interrupt your operations, cause delays in your logistics, and even make employees sick.

While it is virtually impossible to control the weather, you can have contingency measures in place to reduce its negative effects. You can do this by keeping up with the weather news and making sure you have a reliable logistics system that can withstand sudden weather changes. Also, during flu season, you can make it easy for employees to get flu shots by having health professionals visit your company and subsidizing vaccine costs.

Economic Changes

Changes in the economy can influence a lot of areas in your business from your customer’s buying behavior to the prices of raw materials. Don’t just read the local news; keep up-to-date with international economics so you’ll have a firmer grasp of what’s going on with businesses around the world.

With your well-rounded insights, you can better create strategies that will protect you from forecasted economic downturns. For example, diversification is a tried-and-tested strategy for minimizing risks, especially during an unpredictable economic climate.

Security Issues

Security should be a top priority for you as a business owner. An effective and efficient security system protects you from possible theft, damage, and not to mention, longer-lasting consequences like disrupted operations and a compromised reputation.

Conduct a thorough security assessment of your company to find out what type of equipment and security measures you need to implement. The evaluation should let you know if you need to install additional CCTV cameras, upgrade to heavy-duty locks that will not be easily tampered with by a set of lockpicking tools, or if you need to hire a security team to monitor your premises.

Technological Upgrades

New technologies may sound like exciting news but for businesses, these upgrades can become threats especially if they get left behind by their competitors. The cases of Netflix overthrowing Blockbuster and Nokia getting overtaken in the smartphone race are classic examples of businesses that were late in embracing technological upgrades.

You can stay up-to-date with the latest technologies by reading the news, speaking with consultants, and attending industry conventions. Adopting new technology can be expensive, and implementing it can be time-consuming, so always consider whether the upgrade is worth the cost.

Material Shortages

Material shortages can happen for a variety of reasons. For example, harsh weather conditions can affect industries like agriculture resulting in lower yields and higher prices for produce. One way to prevent or at least reduce the effects of these shortages would be to strengthen your supply chain management.

Make sure communication lines are open and solid between all members of the chain so you are alerted when there are problems with the raw materials. Also, you must have several supplier contacts you can reach out to in case one is unable to provide the materials you need.

There are certainly other threats to look out for, so you need to be consistently vigilant. Also, regularly touch base with your workforce, customers, and stakeholders as well as conduct your research so you will always be up-to-date with changes in the business landscape.

Tags: Business Threatsprotect business
Tom Fogden

Tom Fogden

Tom Fogden is a writer for Twollow with a range of experience in the world of tech publishing. Tom covers everything from cybersecurity, to social media and website builders when he's not reviewing the latest phones, gadgets, or occasionally even technology books.

Related Posts

bitcoin
Finance

Experience the Convenience of a Bitcoin Wallet App!‍

Are you interested in using a bitcoin wallet but don't know where to start? A bitcoin wallet app is a...

by John Morris
February 2, 2023
Close up of a young woman working from home
Business

The Benefits of RMM Software for IT Managed Services

If you're in the IT managed services industry, then you know how important it is to have a reliable RMM...

by John Morris
February 2, 2023
Physical Gold
Finance

Can You Hold Physical Gold in an IRA?

The IRS or Internal Revenue Service codes permit precious metals to be purchased for holding in a self-directed individual retirement...

by John Morris
February 1, 2023 - Updated on February 2, 2023
Resources To Help Black-Owned Small Businesses
Business

5 Resources To Help Black-Owned Small Businesses

Starting and running a successful small business is no easy task. But as a black entrepreneur, the challenges can be...

by Tom Fogden
January 31, 2023

Recommended

bitcoin

Experience the Convenience of a Bitcoin Wallet App!‍

February 2, 2023
Close up of a young woman working from home

The Benefits of RMM Software for IT Managed Services

February 2, 2023
Strategies for Surviving the Ups and Downs of the Market

Strategies for Surviving the Ups and Downs of the Market!

February 2, 2023

Who We Are

Twollow is one of the leading tech and business blogs, that is dedicated towards updated Technology & Business news, reviews, Apps, how-to, smart tricks, and tweaks.

Follow Us

  • Facebook

Categories

  • Apps
  • Business
  • Education
  • Featured
  • Finance
  • General
  • How To
  • Marketing
  • Reviews
  • Security
  • Tech
  • Uncategorized

Top Posts & Pages

  • 100+ Free Premium Minecraft Accounts & Passwords (Tested 2023)
    100+ Free Premium Minecraft Accounts & Passwords (Tested 2023)
  • Damon Salvatore Rule 34: Everything You Need To Know 
    Damon Salvatore Rule 34: Everything You Need To Know 
  • How to Get Free Virtual Phone Number for WhatsApp Installation
    How to Get Free Virtual Phone Number for WhatsApp Installation
  • How Much Weight is Allowed in a 20 ft and 40 ft Container?
    How Much Weight is Allowed in a 20 ft and 40 ft Container?
bitcoin

Experience the Convenience of a Bitcoin Wallet App!‍

February 2, 2023
Close up of a young woman working from home

The Benefits of RMM Software for IT Managed Services

February 2, 2023
Strategies for Surviving the Ups and Downs of the Market

Strategies for Surviving the Ups and Downs of the Market!

February 2, 2023
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • Disclaimer
  • Cookie Privacy Policy

No Result
View All Result
  • Home
  • Security