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Cybersecurity is a huge concern for businesses of all sizes. It will only become a larger issue with many businesses turning to remote work in some capacity. This inevitably opens your smallbusiness up to more risk if you do not have IT security systems in place already. Really consider one of the alternatives.
Cybersecurity issues are top of mind for many small and midsize businesses, thanks in part to high-profile threats like the recent WannaCry ransomware attack , which crippled hundreds of thousands of computers around the world. Just one wrong click by a single employee can have disastrous results for your business.
Cybersecurity needs to remain a priority for smallbusiness owners. There are so many areas of your business that you are juggling and managing right now, but the unfortunate truth is that there are cyber threats targeting smallbusinesses right now.
It’s time to close the funding gap and open more women-owned smallbusinesses. As of 2020, there were more than 13 million women-owned businesses (including sole proprietorships and employer firms). Women can start any smallbusiness they want—including full-time or side businesses, franchises , and home-based businesses.
Cybersecurity should be a fundamental concern of every smallbusiness, and the issue will only grow in importance as time passes. Even if your business’s online presence begins and ends with an email address, you still need to spend time, effort, and probably some money on keeping your technology and data secure.
If it seems like you’re hearing more news about digital security breaches these days, you aren’t imagining things: In 2017, the number of cyberattacks worldwide more than doubled , according to a cybersecurity report issued by the Online Trust Alliance. And smallbusiness owners might not fully understand what they’re up against.
If you’re currently a smallbusiness owner, you’ve probably heard of the SmallBusiness Administration. If you’re thinking of starting a business, you’ve probably heard of the SmallBusiness Administration. Why do smallbusiness owners all care so much about the SmallBusiness Administration?
If you’re currently a smallbusiness owner, you’ve probably heard of the SmallBusiness Administration. If you’re thinking of starting a business, you’ve probably heard of the SmallBusiness Administration. Why do smallbusiness owners all care so much about the SmallBusiness Administration?
When you first started your business, you may have reached out to your customers on your personal cell phone and computer. But as your smallbusiness grows, the time will come when you need to separate personal from business and set up a phone and internet system. Verizon SmallBusiness: What Do They Have to Offer?
How Can SmallBusiness Owners Keep Their Finances More Secure. Cyberattacks are expected to double by 2025, yet 60% of businesses have no cybersecurity policy in place. Cyber Security is a major concern for smallbusinesses in particular, as they often have limited budgets and personnel.
” Reviewing and updating the MBL regulations could ultimately allow credit unions a better opportunity to extend loans to smallbusinesses, according to J. Credit unions can learn more about member business lending risk by accessing this complimentary whitepaper: Mitigating Top Member Business Lending Risks.
We talk (and write) a lot at Fundera about the US SmallBusiness Administration (see here , here , or here …). But the SBA’s loan programs are only one of the ways the agency helps smallbusinesses start, grow, and thrive. The history of the US SmallBusiness Administration dates back to the Great Depression.
Smallbusinesses also report losing data as a result of accidental deletions. The results of the new Carbonite survey line up with recent reports about the increase in ransomware attacks and other cyberthreats to small and midsize businesses. SmallBusinesses Need to Test Backup Strategies.
The Best Ecommerce Platforms for SmallBusiness. Like many other smallbusiness owners, you’ve probably considered selling your products or services online. Well, a lot of it depends on the type of business you operate. 5 Best Ecommerce Platforms for SmallBusinesses. Very SmallBusinesses. $26
To prepare for the future, businesses must be aware of these shifts and adapt accordingly. In this blog post, we will discuss five SMB trends that we can expect to see in 2024, dealing with AI, customer experience, sustainability, and cybersecurity.
On January 26, 2023, RMAI submitted comments in response to the Consumer Financial Protection Bureau’s Section 1033 SmallBusiness Regulatory Enforcement Fairness Act Outline of Proposals. RMAI previously submitted comments in response to the Bureau’s Advance Notice of Proposed Rulemaking on the subject.
The Best Ecommerce Platforms for SmallBusiness. PrestaShop : Best open-source ecommerce platform for smallbusinesses. Squarespace : Best ecommerce platform for very smallbusinesses. AmeriCommerce : Best ecommerce platform for quickly growing businesses, especially for multiple stores, wholesale, and B2B.
Pandemics can force your business to drastically slow down and drive employees to work from home. In the wake of COVID-19 , creating a business continuity plan for a pandemic has become even more important. Cybersecurity breaches: Cybersecurity and data breaches are extremely common among smallbusinesses.
While it’s been a mad dash to secure funds for smallbusiness borrowers, the work is far from over once the loans are issued. The purpose of the PPP is to provide eight weeks of cash-flow assistance to smallbusinesses so that they are able to keep employees on the payroll. Financial Cybersecurity. BSA Software.
The experts at Your Virtual Credit Manager have default risk benchmarks and other data insights for analyzing your AR portfolio and are currently offering 33% off our standard smallbusiness consulting rates. Learn More About Credit Reports Please share this newsletter with your smallbusiness customers.
Some larger financial institutions with substantial IT staffs can build and maintain a new commercial loan origination system on top of competing needs related to cybersecurity, fraud, and other priorities. In other words, lenders and credit analysts can save time by not having to log in and out of various systems.
For home users / smallbusinesses : Apply router firmware updates. Financial Cybersecurity. Here are some recommendations geared towards both employers and home users below: For e mployers: Educate employees about the risk of DNS hijacking attacks and communicate best practices that include the recommendations below. Learn More.
Learn How To Run A SmallBusiness. Running a smallbusiness takes hard work, dedication, and strategy from start to finish. STEP 1 Stay Legally Compliant From tax obligations to employment rights, it’s important for you to know the smallbusiness laws that apply to your organization.
On April 13, 2020, FinCEN issued an update of their joint FAQs with the SmallBusiness Administration (SBA) regarding the implementation of the Paycheck Protection Program (PPP) which was established by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Financial Cybersecurity. Artificial Intelligence.
Eleven million dollars is the average cost to any organization that has been involved in an attack resulting from cybercrime, and 48% of these are smallbusinesses. Financial Cybersecurity. Financial institutions are a prime target in the United States, and the industry must be ready. Talk to a specialist to learn more.
To comfort and inspire you, take a look at these 10 businesses success stories, and what you can take away from each—especially when the going is toughest. And, as she puts it , “It makes good business sense.” . Being flexible and receptive to market changes is crucial to the success of your smallbusiness.
Although many freelancers and side hustlers work part-time and have a day job, they still have some of the responsibilities of a regular business owner. For example, in order to be successful, you need to acquire customers , market your services , and pay smallbusiness taxes. Photo credit: TechHive. IT and Networking.
The government was quick to roll-out PPP loans to offer relief to smallbusinesses and communities. Financial Cybersecurity. of red flags for these fraud trends to bring additional awareness to the situation. . Consider a risk-based lookback for your Paycheck Protection Program (PPP) portfolio. Fraud Prevention.
The government was quick to roll-out PPP loans to offer relief to smallbusinesses and communities. Financial Cybersecurity. of red flags for these fraud trends to bring additional awareness to the situation. . Consider a risk-based lookback for your Paycheck Protection Program (PPP) portfolio. BSA Rules and Regulation.
Smallbusinesses – even large corporations – are feeling the financial crunch from the coronavirus. Financial Cybersecurity. There has been an influx of calls from consumers who can no longer pay their loans, and this will quickly follow suit on the commercial lending side. Artificial Intelligence. BSA Software. Learn More.
Companies that are finding they do not have the capital on hand to support their goals while meeting income tax liabilities, will overcome those obstacles by cutting costs, increasing income, and exploring smallbusiness loan opportunities. Balance Sheet – A balance sheet shows how much a business is worth at a certain point in time.
Negative credit reports: When identity thieves get ahold of business credit cards, there’s a good chance it will also impact your business credit score , a number that measures how trustworthy a business is viewed by creditors. Top SmallBusiness Scams to Watch Out For.
Often overlooked is smallbusiness fraud, which takes a costly toll on companies and the economy as a whole. Smallbusiness fraud is not always reported, so determining its total impact is challenging. And yet, 48% of smallbusinesses say they think they're not big enough to be targeted for fraud.
In addition, many smallbusiness owners have reported increased in-store theft and shoplifting. Overall, roughly 37 percent, or four in ten smallbusiness owners, reported having been robbed by theft or shoplifting in the past year. This provides businesses with great flexibility in security management.
Cybersecurity and IT Consulting. Naturally, online business ideas like these require formal training and certification, but if you’re a proven and dedicated accountant, then it shouldn’t be impossible to work online most (if not all) of the time. Cybersecurity and IT Consulting. Affiliate Marketing. Internet Domain Selling.
Cutting inventory for in-demand products: If you sell products, your top-selling items are the lifeblood of your business. Reducing cybersecurity protection: One area you don’t want to skimp is cybersecurity. Setting unrealistic targets : According to Gartner , almost half of business owners fail to lower costs as planned.
Painters or other smallbusinesses could access funds paid to them immediately when the job is finished to purchase supplies for the next job. Examples include: A car dealer could quickly finalize a sale by receiving confirmation of the required payment immediately rather than in hours.
Although we most often hear about big corporations falling victim to cyberattacks, smallbusinesses are the most vulnerable. Without big technology departments and IT staff, smallbusinesses are most likely to need cyber liability insurance. Who Needs Cyber Liability Insurance? Liberty Mutual.
Amid increasing threats, how can proactive cybersecurity be provided? Lend360 The LEND360 summit explores the latest fintech trends and new technologies for consumers, smallbusiness lenders, service providers, investors, bank representatives, and other participants. Attendees will also be able to experience: Strategic content.
Partnerships have emerged as a compelling avenue for financial institutions of all sizes to engage in collaborative ventures with startup entrepreneurs, fintech firms, and smallbusiness owners. Experience: Evaluating operational history, business model, and consumer reviews of the partner company.
Bittrex Three cybersecurity engineers founded Bittrex in 2014 to leverage the blockchain industry through innovation. Over the last decade, the company has built a technology and ML platform to help smallbusinesses access financing. Apart from fintech, they focus on IT, security solutions, cybersecurity, and technology.
Reading Time: 4 minutes Partnerships have emerged as a compelling avenue for financial institutions of all sizes to engage in collaborative ventures with startup entrepreneurs, fintech firms, and smallbusiness owners. Experience: Evaluating operational history, business model, and consumer reviews of the partner company.
Even if you’re a sole proprietor , we suggest that you create business expense reports. It’s not mandatory for a business to reimburse its employees for commuting in their personal vehicle, but companies should provide some sort of repayment if you use your own car to conduct business. Create an Expense Reimbursement Policy.
At the start of every smallbusiness’ journey, regardless of industry, entrepreneurs can expect to incur startup expenses. However, the amount of money a startup can expect to spend up front will vary greatly depending on the type of business it is looking to establish. As the adage goes, “You have to spend money to make money.”
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