My Business Has a Credit Score?

What is business credit? 

When’s the last time you checked your business credit score? If you’ve never checked it before, you’re not alone – nearly half of small business owners don’t even know they have one. 

Like personal credit, business credit is used to determine a business’ borrowing and lending abilities. It’ll be checked when you apply for business loans or when other companies want to ensure you are financially reliable before doing business with you. 

Small business owners often make the mistake of assuming business credit is the same as personal credit. But, without understanding the key differences between the two, you could be putting your business’ overall security and reputation at risk.  Continue reading

Cybersecurity & Business – Not Just an IT Problem

Cybersecurity Needs for Businesses 

Connected technology, Internet-enabled (IoT) devices and other digital services each come with their own security risks. But when used in concert with businesses and their data, these technologies can present more substantial cybersecurity risks than those used for personal use.

Vendors, suppliers, partners and other third-parties associated with your business can also increase your risk for a data breach. Consequently, businesses have spent millions on cybersecurity solutions to combat the risks of the multitude of online, data-driven business services.

Businesses must prepare for the added cybersecurity risks that come with connected technology. But aside from new tech, businesses must also be willing to emphasize cybersecurity awareness and education along with their stringent security protocols.
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New GDPR Requirements Spark Questions Amongst Small Businesses

GDPR: No One-Size-Fits-All Solution 

If you’re in the small business arena, you’ve probably heard about the recent changes to the General Data Privacy Regulation (GDPR) that went into effect on May 25, 2018. These new changes mandate that companies clearly communicate how and why they are collecting consumer data. 

Most small businesses are looking for a blanket solution for GDPR compliance. Unfortunately, it’s difficult to offer one-size-fits-all guidance when these regulations will affect businesses differently.   Continue reading