Six Things That Can Stop Your Business in its Tracks

Six Things That Can Stop Your Business in its Tracks

Starting a business certainly has its competitive aspects to it. You are taking on the competition and seeking to gain market share. You may want to be the leader in price, service, or convenience. But there are also defensive aspects to running a business. Here are six things that could stop your business in its tracks.

Poor Accounting and Bookkeeping

Far too many businesses fail due to poor, incomplete, or incompetent bookkeeping. Good accounting doesn’t color the facts, it presents them accurately. If you can’t pay employees, vendors, or taxes, you will be out of business quickly.

Lack of Funding

Small, underfunded businesses are starting with one hand tied behind their backs. Before launching a business, it is prudent to have appropriate funding in place to allow your business time to grow.

An Unrelenting Competitor

A well-funded competitor who markets their products and services effectively can hamper your chances for success. That is why some entrepreneurs choose business categories where competition is weak.

Poor or Insufficient Marketing

You could have a terrific product or service, but if no one is aware of it, it has little chance of success. That is why advertising and marketing are such a critical part of starting a new business.

Fire, Theft, Vandalism, or a Liability Claim

Many small businesses are ill prepared to survive damage from a natural disaster or vandalism. Theft and embezzlement are one of the leading causes of bankruptcy. A customer or potential client could suffer a slip and fall on your property. Any of these could stop your business in its tracks unless you have business insurance.

Inadequate Business Insurance

Business insurance can protect your business financially from theft, fire, vandalism, loss of income, and even liability claims. This is why even start-ups should quickly investigate business insurance. We can help.

We insure businesses in a wide variety of categories and of all sizes. Let’s discuss your business, your risks, and how business insurance can help. Contact us today.


Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder

Search All Blogs

Generic filters

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Want to learn more about our blog writer?

Read more about KayLynn's background.

Click Here

Search All Blogs

Generic filters

Read More Blogs

Beyond Boredom: Unearthing the Surprising Stories Behind Our Favorite Board Games

Game night secrets revealed! Discover the surprising origins and quirky facts behind your beloved board games.

Avoiding the Pitfalls: Common Mistakes of At-Home Businesses

Launch your home business right! Learn to avoid the common errors that can derail your entrepreneurial dreams.

Your Life Insurance Recipe: Crafting the Perfect Blend for Your Family’s Future

Find your perfect life insurance mix: Learn how to blend term and permanent policies for optimal family protection.

From Ford’s Innovation to Today’s Marvel: Unveiling the Secrets of Modern Car Production

Beyond the assembly line: Discover the surprising speed, customization, and quality checks involved in modern car manufacturing.

Beyond Pizza and Promises: Recognizing When It’s Time to Hire Professional Movers

Time to call the pros? Learn when pizza and beer just won’t cut it for your next move.

Mapping Our Roots: Uncovering the Stories Behind American City Names

City names revealed! Discover the historical, religious, and geographical influences behind the monikers of American cities.

The Agile Approach: Why Short, Focused Plans Are Overtaking the Mammoth Business Blueprint

Ditch the doorstop plan! Discover why concise, adaptable strategies are the new gold standard for business success.

Embracing Tomorrow: The Practical Power of Planning for Life’s Only Certainty

Face the future with confidence: Understand how planning for life’s only certainty with life insurance can provide lasting security.

Steering Your Savings: Taking Control of Your Car Insurance Rates

You’re in the driver’s seat! Learn how your credit, driving habits, vehicle choice, and smart shopping can lower your car insurance costs.

Underfoot Upgrade: Transforming Your Garage Floor from Forgotten to Fantastic

Don’t ignore your garage floor! Discover easy and impactful ways to upgrade this often-neglected area of your home.