Gaebler Ventures Gaebler Ventures is a business incubator and holding company providing venture capital investment and shared services to early-stage companies. We've invested in some great portfolio companies. Some of the best resources for entrepreneurs -- all based on our real world experiences! Our guiding investment philosophy is to provide exceptional returns for our investors. Check out the latest news from Gaebler Ventures. Learn more about Gaeber Ventures! Get in touch. We'd love to talk with you!   
 
 
Gaebler Ventures is a business incubator, holding company, and private equity firm. We help entrepreneurs transform ideas and innovations into greatness.

Articles for Entrepreneurs

 

Operations Management

 

Don't Wait for Small Business Inspections

Written by Andrew Goldman for Gaebler Ventures

Even if your business has not been inspected by an outside party, you should be proactive in meeting various regulatory standards.

One of the perceived advantages of running a small business is that you can fly under the radar of some major inspection agencies.
(article continues below)

In fact, this is a false advantage. Small companies that believe they can ignore codes and industry standards are in fact jeopardizing their own future success.

I often see this pattern of skirting rules and requirements when consulting with small businesses. The answer I hear most often is "it will cost a lot of money to get up to code, and we haven't been inspected yet."

While this is true in the short-run, if your company plans on sustaining and growing it will have an inspection. The costs associated with failing an inspection and having to pay to expedite the conformance process can be exorbitant.

If you are not up to code and an inspection pops up, it can be a serious eye-opener. There are fines associated with failure to meet certain codes. In addition, you could be shut down due to serious violations.

Usually you are given a set time period to fix various violations. The cost of having to complete this maintenance on short-notice can cripple a small business, especially one with a limited cash flow.

Word of failed inspections can also leak out into the public and poorly represent your company. With such high stakes, it's worth being proactive in getting your business up to code.

First off, you should understand all of the inspecting parties that govern your particular industry and geographic location. There may be some standards that you do not apply until your company grows bigger. You should still be aware of these governing standards. There may be certain certifications that certain customers require. You may want to include these during your "getting up to code" process.

It's important to remember that "getting up to code" is not an overnight process. Certain repairs and overhauls can take weeks or months.

By being proactive you can manage these implementations on your time frame, which is extremely beneficial. You should be aware of the scoring process of the inspections. Find out which violations are most critical and address these first. Even if an inspection came while you were undergoing this process, they would cut you some slack since you've already begun fixing the problem.

Part of the "getting up to code" process will require changes to the way your employees operate. They may have to wear more protective equipment or document more processes. This will result in some increased costs. It's important to remember that these costs are worth the investment when compared to the costs of failed inspections and fines. Plus, personal safety and good manufacturing procedures should be a part of any company.

Your employees may grumble at these changes but it's important to include them in the inspection and "getting up to code" process. Set goals together with the employees and celebrate when those targets are reached. It's good practice to relay the importance and reasoning for "getting up to code."

There are reasons why various codes are in place. The improve safety for our employees and for our customers. In addition, many of the rules and regulations can have added benefits to our company.

Higher quality and better cleanliness can be direct results of the "getting up to code" process. It's worth getting up to code even if you're flying under the radar.

Andrew Goldman is an Isenberg School of Management MBA student at the University of Massachusetts Amherst. He has extensive experience working with small businesses on a consulting basis.


Comment Board

Questions? Comments? Suggestions? Share your thoughts on small business regulations and business inspections.

Be the first to comment on this article.



Write a comment  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.

 

 

Additional Resources for Entrepreneurs

Starting a Business - Business Ideas - Naming and Branding - City Guides

Buying a Business - Writing a Business Plan - Raising Money - Incorporate

Small Business Marketing - Advertising Advice - Public Relations -

Customer Service Tips - Entrepreneurial Selling - Workplace Safety

Startup Leadership - Strategy - Intellectual Property and Entrepreneurs

Articles on Exporting - Human Resources for Entrepreneurs - Workers Comp

Legal Information for Entrepreneurs - Sarbanes-Oxley - Accounting - SBDC

Business Credit Cards - Nonprofit Entrepreneurs - Mission Statements

Tax Tips and Resources for Entrepreneurs - Operating Your Startup Business

Real Estate Decisions for Entrepreneurs - Franchising - Selling a Business

Starting a Home Business - Small Business Technology - Business Travel

Business Finance - Advice for Retailers - Entrepreneurship for Scientists

Administrative Professionals / Office Managers - Family Business Advice

Good Businesses to Start - Start an Energy Business - Start a Hedge Fund

Payroll Service Information - Productivity Tips - Bad Economy Advice

Small Business Websites - Search Engine Optimization - Online Reputation

Search Engine Marketing - Social Marketing Optimization - Business Forms

Business in the Jungle - Business in Fiction - Negotiating - Radio Ad Costs

Newspaper Advertising Rates - City-Specific Resources for Entrepreneurs

Small Business Insurance - Global Entrepreneurship - China & Entrepreneurs

Entrepreneur Features - Employee to Entrepreneur - Small Business Ethics

Acquisition Speculation - Good Business Books - SBA Franchise Loans

Small Business Loans - Studying Entrepreneurship - How Kids Make Money

Social Entrepreneurship - Mergers and Acquisitions -

Veteran Entrepreneurs - Useful Web Sites for Entrepreneurs - Dell Deals

Buy.com Deals - Female Entrepreneurship - Small Business Experts

Entrepreneurial Resources by State - Resources for Young Entrepreneurs

African American Entrepreneurs - Resources for Hispanic Entrepreneurs

Resources for Asian Entrepreneurs - Resources for Women Entrepreneurs

Resources for Gay Entrepreneurs - Businesses for Sale - Office Supplies

Economics - Lists of Small Business Incubators - Lists of Angel Investors

Lists of Venture Capital and Private Equity Firms - Franchise Opportunities

Recommended Products and Services for Entrepreneurs - Contributors

Get FREE Price Quotes from Multiple Vendors - Business Glossary