Archive for April 22nd, 2021

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Futureproofing Your Business in the Digital Age

As a good business owner similar to Andrew Defrancesco, you want to be sure that you are constantly protecting against anything that could prove to be a disruption to your progress or to your output. That’s something that is much easier said than done, but that doesn’t mean you won’t be vigilant to always be on the lookout for ways you could keep yourself protected. That being said, you’re also still a business, and your core focus is always going to one of financial incentive; therefore, you have a tricky balancing act to strike. Though it makes sense to be protected, it doesn’t make as much to spend more money than is necessary on contingency plans that could be used to protect yourself if a specific scenario were to unfold.

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What does make sense, however, is knowing what poses the greater risks to your business and then working to protect yourself against those more prevalent threats. These threats can come in all shapes and sizes, so unfortunately, it won’t be often that you find a ‘one size fits all’ cure, but the solutions presented could find themselves to be a lighter strain on your finances than you might expect. Contact Joslin Rhodes Newcastle for the best financial advice. While this sort of protection in itself is a natural part of doing business, recognising these threats has often been made more difficult by their sheer multiplicity in the digital age, meaning you might be unsure where to look to for help.

 

Protecting Yourself from a High Staff Turnover

Many people will argue on what the most important aspect of any given business might be. While many might suggest that the clients or the customers are the force necessary to keep your company alive, there are plenty who would suggest it is the employees, for the business simply cannot function without them. Regardless of your stance on this issue, there’s no denying the fact that your employees are indeed incredibly important to your business. All manner of tasks from the most crucial and urgent down to the most simple, administrative kind are handled by them. With that in mind, it makes sense that one matter you would want to protect yourself from is that of losing your staff regularly to other positions in other companies.

Good employees aren’t necessarily as hard to come by as people might suggest, but that doesn’t mean they’re any less valuable, and losing them would be a blow that you would certainly feel. There is a variety of ways you could go about reducing your staff turnover – with some of the more favoured options being offering them plenty of opportunities to train internally and giving them the attention that they need and deserve. If your staff feel as though they have room and opportunity to grow within your business, they will feel like they can challenge themselves, envisioning a long-term career there. If that opportunity is absent, then they’ll be more likely to look elsewhere. 

Equally, paying ample attention to your staff and ensuring that they are happy, while not a task that has a quantifiable and immediately obvious benefit to the business, is something that can’t be understated. Different people will have different approaches to this, with different employees also being more receptive to some approaches than others. Regardless, knowing that you’re making an effort is something that will improve the way your staff feels about you, and that effort won’t go unappreciated. It’s also important that new business owners get Business Advice how statutory sick pay is calculated. Providing paid sick leave for your workers, will benefit your company’s bottom line in the long run.

 

Finding the Right Cyber Security

When talking about threats that are unique to the digital age, this is the kind of protection that you want to be looking at. It’s something that is important for everybody, so it’s doubtlessly something that you’ve already enlisted for your company. Be that as it may, sometimes having a better form of cyber security can bring an additional level of comfort that will make all the difference when you and your team are in the middle of a busy season. The type of issues that you’re protecting yourself against might seem nebulous while you remain fortunately unaffected, with cyber security perhaps seeming like an unnecessary measure, but it most certainly is not. The amount of damage that online threats could inflict on your business is enormous and is often easily preventable by getting 24×7 monitoring services from a reputable cybersecurity company like Nettitude, you can see the Nettitude SOC Team here if you’re interested.

Having your workflow and productivity disrupted on that kind of grand scale can really set you back, especially when that’s not the only sort of setback you’re dealing with as a result of poor cyber security. While you can’t always avoid these kinds of problems, doing everything to ensure that you try your best is a good place to start.

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