3 Crucial Areas of Business and How to Safeguard Them

A successful business is made up of three areas, all of which are integral to its maintenance and growth. Running a business can be challenging and time-consuming, but it’s vital you make sure you have the appropriate safeguards in place to protect these critical components of your organisation.

The popular model, The Business Triangle, applies the theory that there are three core areas of an organisation – people, process and technology – and that each side of the "triangle" should receive equal attention. 

To build a business that stands the test of time, you need to ensure its foundations are stable. Here's how to safeguard the three most crucial areas of your business.

People

The people in your organisation are the reason it exists in the first place, so it’s crucial that you treat them well. Pay your employees fairly and don't disrupt their work/life balance wherever possible. Employees are more likely to work hard for your business and stay loyal if they feel respected and valued.

If you don’t have any employees and your business relies solely on your own input, make sure you look after your health and don’t overwork yourself. Outsource wherever possible, and don’t be afraid to take a break when you need one. If you burn yourself out, your business will fail, so take care of your mental and physical wellbeing to ensure its longevity.

Process

The term “process” in this context means how the work in your company gets done. To ensure continuous productivity, you will need to pinpoint the systems, technologies and vehicles your business relies on and make sure they are properly safeguarded.

For example, motor vehicles may be integral to the product or service you provide your customers. Whether you’re a delivery company with a fleet of drivers and lorries, or a small provider reliant on three or four cars to reach clients, it’s essential to safeguard your motor vehicles to prevent disruption to your business’s productivity.

Taking out motor fleet insurance from a company like Bluedrop Services will protect your vehicles in the event of a breakdown of damage, theft, or other incidents where your vehicles are taken off the road. Look for flexible coverage that will protect both your cars and your drivers.

Technology

However big or small your business, you’re bound to have an online presence that helps you market your product and connect with customers. To achieve global outreach, you will need to rely on certain technologies, so it makes sense to have this equipment insured against loss, damage or theft.

As well as taking care of your in-office technology, you also need to safeguard your business’s cybersecurity. A cyber attack can be devastating to both the data security and profitability of a business, and sadly breaches are becoming increasingly common.

If you’re not aware of the evolving risks associated with cybersecurity, you might want to hire an online security expert to put the appropriate software in place. At the very least, you should keep your anti-virus software update, install firewalls against malware, and develop an incident response plan, so you and your employees know how to respond to a breach.

Conclusion

To ensure organisational strength, you should give equal weight to the people, processes and technologies that make up your business. The "business triangle" model in this context involves protecting your technology and vehicles, putting cybersecurity systems in place, and looking after your employees.