How Other People Can Harm Your Business

For the most part, you’re going to find that everyone who interacts with your business does so positively. They’ll help it move forward in the right direction. However, this won’t be the case all the time. As much as we’d rather it wasn’t the case, there are bad people out there, and some of them may wish to do your business harm. Even when a person’s actions aren’t malicious, you could find that they have a negative impact. Below, we take a look at some of the people who you’ll need to be wary of.



Internal Crime

When a crime is committed against a company, it normally goes from within. Employees know the systems inside out. They have your trust, so you probably won’t notice if they do anything out of character. While an employee might not set out to do you harm, it might not take much for them to make the jump and steal from you. There’s no way to completely eradicate internal crime (not yet anyway), but you can reduce the chances of it happening by properly vetting your potential employees. Always check the references they provide and perform a criminal background check if it’s for an especially sensitive position within the company.

One Bad Review

In many ways, it’s a good thing that everyone has a voice. It means that companies can’t do whatever they want and expect there to be no repercussions. If someone feels aggrieved, they can head to the web, and make their case. Some people, however, take it too far: they don’t use online reviews as they were intended to be used. They use it as a way to settle the score for any kind of grievance. Due to the power of online reviews, however, it means it can cause your business harm, unless you have it removed.

Data Breaches

There’s a growing concern surrounding the rise in cybercrime, and rightly so. Criminals are using more and more sophisticated techniques to grab a company’s sensitive data. And if you thought that, as a small business, you wouldn’t be of much interest to a large company, you can think again – more often than not, they target small business rather than large. As such, it’s important that you work with a good security company to keep your business safe. Without the proper systems in place, you’ll be leaving yourself vulnerable to attack.

Rival Companies

You might have been the first of your kind in town, but if you’re successful, then it won’t be long before similar businesses begin popping up. Now, this is the capitalism game, so you can’t have too many complaints, but it is true that it could hurt your bottom line. The only thing to do is, instead of getting annoyed that some of your customers are defecting to your rivals, take steps to improve your services. You can use their threat to push your business to the next level. If you’re the best in town, it doesn’t matter how many imitators they are.

Last updated on March 29, 2023

1 Comment

  1. Very good information here, Tests in the interviewing process that identify potentially harmful characteristics should be taken seriously and all biases should be eliminated from the discussion. Thanks for sharing!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.