Navigating Compliance: Insights and Strategies for Small Businesses with Theodora
In this episode of Financial Life, Matt Dillingham welcomes Theodora, a compliance specialist, to discuss the vital role of compliance for small businesses. Theodora shares her career journey and the legal challenges she has faced, including a notable ADA non-compliance case study. The conversation explores how political changes impact compliance regulations and offers strategies for small businesses to navigate these challenges effectively. They also discuss how compliance can benefit insurance costs. Theodora shares some of her craziest compliance stories and describes her diverse client base and consulting network. She concludes with valuable advice for business owners and provides her contact information.
Key Points
- Compliance is essential for businesses of all sizes to avoid costly penalties and legal issues, especially in areas like website accessibility and privacy policies.
- Implementing a robust compliance program can help businesses not only meet regulatory requirements but also potentially reduce business insurance costs and improve overall operational efficiency.
- Having an emergency action plan and understanding potential risks, including cyberattacks and regulatory inspections, is critical for protecting a business and ensuring its long-term success.
Chapters
| 0:00 | |
| 1:11 | |
| 3:08 | |
| 6:22 | |
| 10:47 | |
| 11:55 | |
| 16:15 | |
| 17:43 | |
| 20:05 | |
| 30:24 | |
| 35:10 |
Transcript
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