Growing a business successfully takes a lot of time and careful thinking. Not only do you have to focus on positive paths of growth like marketing campaigns and stellar customer service, but you should also take a look at how to mitigate negative circumstances which might affect you. Let us take a look at how risk management and forward-thinking like insurance might help to grow your business:
What does risk management entail?
If you are committed to risk management, you are looking at any potential issues which might negatively affect the outcome of you being able to complete a job. You are then going to come up with some solutions which proactively work against these risks.
For example, if you are painting a wall in a house with some fluffy pets who are extremely interested in what you are up to, ask the owner if the pets can be shut in another room until you are finished. You can then construct a temporary barrier around the wall to prevent the pets from brushing up against it while it is still wet and getting paint in their fur, potentially making them quite ill.
Why you should do risk management
You should be undertaking quick risk management surveys before you begin any job. It just takes five minutes to quickly run through a list of things you need to do to make the site secure for you and anyone else there. A commitment to risk management and keeping yourself and others safe will only be good for your business.
People want to go to someone who is safe and trustworthy. They want to know that, no matter what their job is, it is going to be handled with the utmost care and professionalism. If you are able to build a reputation as one of the safest handyman companies in the area, it will bring new business to you.
Do not forget insurance
While risk management is important, it isn’t 100% foolproof. You need to have some protection in place for when things do go wrong. Taking out some handyman insurance will help to protect your business from lawsuits and other claims while demonstrating to your customers that you are prepared to deal with anything.
Taking out insurance does not mean that you expect things to wrong. Instead, it can be viewed as another form of risk management. You are aware that some accidents and mistakes happen and you have a way to protect your business and rectify the problem if need be.
Risk management is a key part of any business and the sooner you get on top of it, the sooner you will be able to grow it. Proving that you are trustworthy can be a little difficult at first but persevere and you will soon have a reputation as one of the safest handyman companies around. With a comprehensive health and safety policy to minimize risk plus the right insurance to make sure that anything that does go wrong can be addressed easily, it will not be long before your business will be booming.
