Category Archives: Business Plans

Take a Proactive Approach to Thwart Cyber Attacks

September 13, 2022 | Business Plans, Fraud Prevention

The average cost of a data breach has risen to a record high, according to a new study by the independent research firm Ponemon Institute. The study found that the global average cost grew from $4.24 million per incident in 2021 to $4.35 million in 2022, an increase of roughly 2.6%. Moreover, the international average  Continue Reading »

Watch Out for Scam Charities

August 30, 2022 | Business Plans

Have you been contacted by a charity that pulls on your heartstrings and persuades you to open your wallet? There is a multitude of reputable charities doing good deeds and supporting worthy causes. But be aware of a proliferation of scam charities designed to separate you from your hard-earned money without the actual performance of  Continue Reading »

Weigh the Pros and Cons Before You Hire Part-Timers

August 3, 2022 | Business Plans, Financial Planning

The number of part-time jobs in the United States has generally increased over the past few decades. As of June 2022, there were approximately 25 million part-time workers. Although some part-time employees would prefer a full-time position, many people choose to work fewer than 40 hours per week. Employing part-timers can provide financial and operational  Continue Reading »

Remote Work Policies Can Bring Up Some Thorny Issues

July 5, 2022 | Business Plans

You and your valued employees who work far from headquarters can encounter two administrative issues that possibly neither of you contemplated when the remote-working arrangement was agreed to: What happens to health benefits if there are no providers in your plan’s network where the remote employee has moved, and When employees move to another state,  Continue Reading »

Social Media Marketing: The Latest Trends and Services You Need to See

June 21, 2022 | Business Plans

Once upon a time, consumers generally expected a clear line of demarcation between advertising and editorial content. While holdouts remain — especially from older generations — younger audiences who came of age during or after the advent of social media often have no problem with blending the two. So while straightforward “banner” and “tile” digital  Continue Reading »

Hiring Workers This Summer and Beyond

June 7, 2022 | Business Plans, Financial Planning

In today’s tight labor market, small businesses — including restaurants, delivery services, retail stores, and manufacturers — struggle to hire and retain top-quality staff. The conditions are likely to worsen in many sectors as demand ramps up during the summer months. To be competitive with other employers, you’ll need to be proactive in identifying candidates  Continue Reading »

Keep Cybercriminals from Stealing Your Business’s Brand

May 24, 2022 | Business Plans, Fraud Prevention

When criminals steal an individual’s identity, the victim can take steps to minimize potential damage by, for example, notifying credit agencies and freezing bank accounts. But what happens if cybercriminals steal a company’s identity and use it to engage in fraud? This situation can be more complicated — and expensive — to resolve. Fraudsters who  Continue Reading »

Education Benefits Can Help You Recruit and Retain Smart Employees

May 11, 2022 | Business Plans

Are your company’s supervisors current on the latest and most effective management strategies? Do IT staffers have the most advanced knowledge about cybersecurity and network administration? If your workers could use upgraded skills and fresh, professional knowledge, you might want to pay to educate them with tax-advantaged education benefits. You can do this through a  Continue Reading »

Is It Time for Your Start-Up to Consider a Pivot Strategy?

April 26, 2022 | Business Plans

Many existing businesses pivoted from their regular operations into a different enterprises during the COVID-19 pandemic. For example, a distributor of consumer goods may have shifted into medical supplies to help fill a void. Interestingly, some businesses that moved emerged in better shape than before the pandemic. Entrepreneurs who launched new business ventures within the  Continue Reading »

Evaluating KPIs

April 12, 2022 | Business Plans, Financial Planning

How would you feel about taking a cross-country road trip without knowing the amount of gas in your tank, engine temperature, or oil pressure? That’s why you have an instrument panel on your vehicle’s dashboard. Your business can have a dashboard, too, that features critical performance indicators (KPIs). However, if they’re too complicated to create  Continue Reading »