Now, in 2018, you have an opportunity to benefit from the specific lessons that were costly for some business people last year and apply it to your business. The following are technological and strategic tips to help you take your small business to the next level.
While running your business, you might be tempted to handle all tasks despite the time it requires. But, did you know that taking on more responsibilities than you can handle could overwhelm you and reduce your overall productivity?
Based on one report, almost 50% of businesses spend excess money and time trying to settle on matters regarding technology. This is normally attributed to people lacking the background it takes to make technology-related decisions. Therefore, make sure you have a tech-savvy member in your team so you can gain valuable IT solutions without wasting time. You don’t have to hire an IT expert immediately, that might cause you to incur extensive costs but a technology advisor is usually helpful and affordable.
In 2017, businesses realized the extent of just how much damage can be caused by hackers. Even major institutions like the CIA were affected. Today, the trend is for most businesses to embrace ecommerce which entails web-based payments and gives hackers another reason to try and access your system.
Rather than waiting for a problem to arise and then react, consider boosting the security of your small business websites and online payment system. Additionally, you need to think about setting up cloud storage to safeguard your data. An important takeaway from 2017 for small business owners should be to back-up data regardless of the protection you have in place for your business.
- December 1969 (4)