Are there any dangers associated with NOT following business compliance regulations? Yes, there are legal implications for you, your business, your managers, your customers and your employees. Business safety refers to the legal guardianship of various aspects that make up your business. Here are four ways to keep your business “safe” from negative legal implications.

Legal compliance for you and your managers

Your management team needs guidance in order to provide sound leadership to the rest of the company. You can cultivate good management by providing your managers with the right tools. But most business owners and CEOs don’t have the resources or the time to provide their entire management team with this kind of training.

Fortunately there are web resources that provide online training for compliance regulations & procedures. Consider an all-encompassing service that can be referred to on a recurring basis. Ensure the training is completed at the highest level to be compliant and to implement standards from the top down.

Avoiding employee grievances

One disgruntled employee can cost you thousands in lost production time and litigation costs. How can you be sure you are following all labour procedures to the letter? Discrimination, harassment and victimization are real issues your employees deal with. Are you equipped to counteract these problems if/when they arise? Do you know how to cultivate ethics at your workplace?

This is another part of business management that most owners don’t want to think about; because it costs time and money prevent unhappy employees from costing you… TIME & MONEY! Get the picture? Preventing these problems will save you in the long run, so don’t neglect the importance of compliance training.

Financial stability for your company

If you thought that compliance has no effect on the finances of your business you may be in for a hard lesson. You can face financial penalties for not complying to any of the relevant regulations—and these regulations are being updated on a regular basis. Wouldn’t it be great if you could automate your compliance training to continually update itself? Well there are online compliance training courses that do exactly that.

Do you know how to safeguard against money laundering and bribery? If not, it’s time to learn about business compliance from a reliable, up to date source and save yourself the costs of NOT complying.

Protecting your clients’

We left the most important one for last. Business compliance is there for your clients too. If your clients aren’t protected you will lose them—and even be taken to court for negligent business practices. Data & information protection is one of the fundamental ways of safeguarding clients’ confidential information. If your company doesn’t have procedures in place to protect client information, you must do so as soon as possible.

It seems like a lot to take in, but these compliance regulations are guides that help you run your business ethically. Is your business protected? All it takes is some knowledge and training about business compliance. A business that’s compliant is a business that will run successfully despite the various challenges it faces.

By Eddy

Eddy is the editorial columnist in Business Fundas, and oversees partner relationships. He posts articles of partners on various topics related to strategy, marketing, supply chain, technology management, social media, e-business, finance, economics and operations management. The articles posted are copyrighted under a Creative Commons unported license 4.0. To contact him, please direct your emails to

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