Midwest Insurance Group is a Future 50 Company!

Midwest Insurance Group is a Future 50 Company!Delafield, Wis. – Midwest Insurance Group has been named a 2016 Future 50 company by the Metropolitan Milwaukee Association of Commerce’s Council of Small Business Executives (COSBE).

The Future 50 program, now in its 29th year, recognizes privately-owned companies in the seven-county Milwaukee region that have been in business for at least three years and have shown significant revenue and employment growth.

“The 2016 Future 50 companies represent strong and growing entrepreneurs,” said Stephanie Hall, executive director of COSBE. “We are proud of their achievements and look forward to following their continuing success.”

To see all 2016 Future 50 Award Winners, click on the Future 50 Logo.

 

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Top 10 Threats to Small Businesses (Part 1)

Confidence and optimism are what drives the entrepreneurial spirit, so it shouldn’t be too surprising that most small business owners describe themselves as optimists. Too much optimism or confidence can get a small business owner into trouble. A business plan should not be built solely on the “best case scenario”; like a house of cards one gust of wind – or wrongful termination lawsuit – and the entire business can come crashing down. It is important to balance optimism, confidence and reality; in other words learn to manage risks.

The first step to initiating a comprehensive risk management plan is to identify potential risks. Below we’ve compiled a list of the top 10 threats facing small business owners. As you are reading through the list, consider your small businesses’ unique risks and whether or not they are being managed effectively

Auto Accident

Dodging Staged Auto Accident Fraud

Consider this: you are your way home from a busy day at work and suddenly another car cuts off the driver in front of you. You slam on your brakes but to no avail- you rear-end the person in front of you. Sounds like a typical accident, right? Unfortunately its not; you’ve just been had by a well-organized criminal ring that staged the entire thing.