As
the owner of a business, you are responsible for the company’s performance and
employee welfare. This can take a toll on your health – hence, you need health
insurance.
As the
world shrinks and the Internet makes global communities come closer together,
aspiring entrepreneurs are taking the leap from salaried jobs to starting their
own businesses. The time is ripe to embark on one’s own business adventure and
connect with the world to network and rake in the profits. The Internet,
especially, has spawned several web-based businesses that transcend borders of
geography and language as well.
However,
the business dream comes with its own unique challenges. A business owner must
necessarily start small – with a lack of much funding at the start of
operations, every level of operation is on a small scale. Many new companies
also do not get immediate business, which can further strain already strained
resources. Many business owners perform multiple roles when their businesses
are new. All in all, it is a stressful situation to run one’s own company.
Why
you need health insurance
You
are under constant stress. Expanding your company’s reach, getting new contracts, working round
the clock to fulfil current obligations, making enough money to pay staff
salaries and office overheads and a million other tasks…everything can combine
together to cause tremendous stress for you. From this stress stem diabetes,
hypertension, indigestion, migraines and several health issues. Stress is
responsible for the slow shutdown of the body’s systems, so your health suffers
every day. If you fall ill, your health care insurance plan can safeguard
you.
You
are responsible for your own health. Unlike a salaried job set-up, you no longer
have company-sponsored health care insurance to fall back on. Since you are the
owner of the business, you must protect your health yourself – and taking
health insurance is the first step towards doing so. You must also make the
time to exercise daily and eat balanced, home cooked meals so that your overall
health is maintained.
You
are responsible for your employees. Apart from managing your business processes
and revenues, you must also manage your employees. This means that apart from
creating a supportive and motivating work environment, you must provide
employee health care insurance. Employees who receive health insurance from the
office are more likely to stick on at the job and work harder, than those who
are not. Most businesses that see a high attrition rate cite the lack of
employee insurance as a reason.
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