Starting your own business is a large endeavor, filled with unexpected challenges and hard-won triumphs. Between learning what to look for in an employee and how deal with navigate customer concerns, being a new business owner can be confusing. With business growth and prosperity on the horizon, it’s important to set your company up for success from the very beginning. This includes setting goals and putting systems in place that will help you get there.
Growing a small business requires a strong team to help make your dream a reality. Gathering that team means attracting the best of the best to your business. Offering a fair salary and employee benefits will attract qualified applicants and help you develop a team to take your business to the next level.
Understanding employee benefit plan options available for small businesses can help guide you in making the best decision for you.
Business Continuation Plans
Running a small business is a risk, but that doesn’t mean you can’t protect your interests. Don’t let a burglary, fire, or natural disaster destroy your dreams or derail your plans. Being unable to operate your business not only costs you money, but the longer your doors remain closed, the less likely you are to be able to reopen. Having a business continuation plan helps to safeguard you against unanticipated pitfalls and business disruptions.
A business continuation plan is put in place to protect important files and information to make it easier for you to get back on your feet. Encrypted data storage protects sensitive employee and business information like client contacts, contracts, and banking information. Rather than relying on paper documents or storage on a physical hard drive, cloud storage protects your business’ most important files from destruction caused by water or fire damage. This allows for continued operation during the recovery process, preventing loss profit and productivity.
Lewis & Palmer Benefits can help you form a personalized business continuation plan designed for your business’ specific needs. We will walk you through every step of the process to make sure all areas are covered. Our knowledgeable and experienced team works directly with you and for you to protect everything you’ve worked so hard for.
Employee Benefit Plans for Small Businesses
Beyond just protecting your company, protecting your employees helps promote business growth as well. Retaining employees who understand your business and goals is more cost effective than continuously putting money into filling vacated positions. Employee benefit services in Margate can increase the value for your team and encourage employee loyalty. Benefits like insurance, paid time off, and retirement plans help to boost staff loyalty and promote retention.
Small businesses don’t have the same employee benefit needs as large corporations, so being able to customize your company’s coverage is key. Giving your employees the option to get the level of medical, dental, and life insurance they need gives them a peace of mind that transfers to higher productivity. Being insured protects your employees from the financial strains and stress of sudden medical expenses.
For more information about our small business employee benefits in Margate, contact Lewis & Palmer today!