TECHNOLOGY

A Must-have Small Business Templates

Sneha Hull | January 4, 2022

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Are you considering starting a small business, planning growth, or in need of strategic direction? Small business templates can assist you in creating your business plan and achieving your business objectives.

With so much to accomplish and so many minor but critical daily activities associated with operating your own business, small business templates can assist in automating some of their most critical procedures. From tight budgets and scant resources to a lack of direction and leadership, all of these factors may begin to weigh hard on you. However, this blog will highlight free templates that can assist you in streamlining your workflow, saving time, and accomplishing more.


The Advantages of Using Templates in your Small Businesses

Templates are pre-formatted documents that may be used to create a range of different types of common documents, including letters, fax forms, and envelopes. Business templates that are simple to use help you save time and increase productivity. The business document templates assist you in planning your business, financial planning and budgeting, and inventory management, among other tasks. Following a template that resonates with your brand plays a pivotal role in brand recall.

Other advantages of using a template are as follows:
  • Templates streamline the document development process
  • Templates can help us manage our workloads and reduce our stress levels while also increasing our efficiency
  • Templates focus the audience's attention
  • They assist in time and money savings
  • Templates facilitate communication and increase client satisfaction


Must-have Small Business Templates


Business Plan Template

When you decide to start a business, you already have a modest business plan in mind. However, it is critical to memorialize that notion to assist you in navigating the route to achievement. An excellent one-page business plan template can assist you in organizing your thoughts and addressing the organization's primary concerns, including business possibilities, industry analysis, target market, company description, marketing plan, financial summary, and funding requirements.

A personalized startup business plan template, on the other hand, enables you to establish new company plans, respond to internal and external circumstances, and stay well ahead of your competitors. By contrast, a business plan executive summary template organizes, clarifies, and simplifies the process of communicating with prospective investors about the critical facts of your firm, product, or concept. With an executive summary, your business plan will immediately capture the reader's attention.

Often, in the case of business plan templates, a free version is widely available and in high demand as well.


Template for Basic Bookkeeping

It is not a common practice among corporates to employ a bookkeeper or accountant to manage its financial records. Numerous paid templates are available to assist business owners with this process. While investing in paid invoicing software is an excellent method to keep your payments organized for bigger organizations, paying for a solution is not always an option for small-to mid-sized firms.

Here, we'll explain free small business templates that meet your needs. The Excel bookkeeping template is one of the most widely used free small-business basic bookkeeping templates. Additionally, is easy to use and completely free.

From calculating VAT returns to creating a profit and loss statement, if you want to handle your finances more precisely, you must use these small-business basic bookkeeping templates.


Template for Company Newsletter

An informative newsletter is one of the best ways to communicate in the business world due to its wide range of uses. Send a note to your existing and potential customers at regular intervals on your company letterhead to keep them informed about your business and also to keep them engaged.

A simple business newsletter template created by Microsoft makes it easy for you to share information about updates, achievements, awards, and upcoming events with your community. The free editable company newsletter template created by Microsoft comes with a pre-formatted newsletter layout.


Social Media Graphics

Social media has become a necessity for growing your small business. They play a key role in informing the customers about your product or service and increasing customer engagement as well. As a result, the appearance of your social media page is critical. Here comes the need for social media graphic-ready templates.

Canva is quite popular among the masses who wish to create an impressive layout. You can create striking social media templates for Facebook, Twitter, LinkedIn, Instagram, and more.

From saving time to ease of use, these templates come in handy as they meet all your design requirements. Additionally, Canva is easy to update on regular basis. Social media graphic templates dramatically enhance the aesthetics, thereby, increasing the post engagement.


Templates for Business Emails

Email marketing is one of the most preferred means of communication in various businesses. However, sending email can be a time-consuming task. Therefore, having a small business template is essential to save time and resources.

An email template enables you to easily promote email campaigns. All you need to do is customize the template by changing the photos, text, fonts, and other aspects. A decent email template is appropriate for all types of businesses working in various sectors.

The business email template helps to streamline all aspects of marketing and sales, from public relations and blog outreach to customer reference emails. Emails are classified into three types: transactional, relational, and promotional. As a result, business email templates for each category are accessible to assist you in launching your first campaign or optimizing an existing one.


Template for Business Inventory

Keeping track of your inventory and orders help you lower costs and improve efficiency. Creating a business inventory requires time and effort since one must know what the essential details are needed to include. Considering the number of things that go into tracking the inventory, making use of business inventory templates makes your life easier.

Business inventory templates are designed to fit the specific needs of the business. These templates focus on the specific needs of small business inventory control, asset tracking, stock inventory management, warehouse inventory management, simple inventory spreadsheets, and excel inventory templates. Mentioned templates are a few most important small business templates that can be utilized to keep a track of their inventory.


Epilogue

There is a wide selection of free business templates available, such as dashboard templates, marketing templates, project management templates, proposal templates, sales templates, and more. The templates mentioned in the blog will help you save time and money.


Frequently Asked Questions


What templates do you need for a business?

There are many different templates available targeting specific needs. Here are a few of them:
  • Dashboard templates
  • Business plan
  • Marketing templates
  • Project management templates
  • Proposal templates
  • Sales templates
  • Employee scheduling small business template
  • Job descriptions


What is a business plan template?

A business plan template is a standardized document that enables you to rapidly create a company plan. A business plan template can assist you in organizing your thoughts and addressing the organization's primary concerns, including business possibilities, industry analysis, target market, company description, marketing plan, financial summary, and funding requirements.

Spotlight

AppAssure Software

Rapid Recovery, the next generation of AppAssure software, lets you protect anything — systems, apps and data — anywhere, whether it’s physical, virtual or in the cloud. You have to deliver always-on, always-available data to your organization and we can help. Quest is the first and only vendor that matches your backup to your business eliminating the need to compromise when committing to a backup solution.

OTHER ARTICLES
SMALL BUSINESS TRENDS

Small Business Adaptations Are Here to Last Longer – Post-Covid

Article | November 26, 2021

Small businesses are a critical component of the US commercial sector, employing about half of the US workforce. However, pandemic has struck the world devastating small enterprises. Due to the pandemic's rapid indignation, many small companies were forced to close their doors. "The small businesses continue to be big contributors to the US economy, while their contribution has grown at a slower rate than that of large businesses, small businesses continue to be at the forefront of driving innovation, jobs and economic growth." - Acting Chief Counsel for Advocacy Major L. Clark The coronavirus altered the way businesses work and presented several challenges to small business owners. As a result, they had to shut down their businesses owing to the downturn. However, few stood firm and continued their business operation, adapting to a new norm of business culture. The pandemic compelled businesses to embrace digital transformation and digital technologies; everything moved digital, from commerce to education, from medical consultation to work. Covid paved the path for new business trends and operating methodologies that were previously unavailable to small firms. Small enterprises must adapt to new modes of operation and build adaptable business models. The pandemic is here to stay, and we should be prepared to live alongside it while maintaining a regular existence. Thus, a few adaptations are here to stay, and small businesses must be prepared to coexist with them. Adaptations To Last Post-Covid Embracing The Digital Transformation Throughout COVID-19, numerous small company owners smoothly accepted and implemented digital transformation in their operations. They moved their whole operation online, from promotion to sales. They prioritized data security, offered their products through eCommerce platforms, accepted digital and encrypted payments, incorporated innovative technology into their operations and decision-making, and launched AI-based customer care tools. The idea of turning digital was challenging for small businesses, but the coronavirus compelled them to accept and act intelligently. Embracing technology was critical to small businesses surviving and remaining anchored during the pandemic crisis. Adapted digital shifts enable small businesses to grow digitally and strengthen themselves while also expanding their reach. As a result, businesses that are digitally driven are sure to endure longer. Kevin Johnson, CEO of Starbucks, added 1900 outlets and had a 7% unit increase in a single year. The business achieved the objective by utilizing Deep Brew, an artificial intelligence-based application. The AI analyzed statistics such as population, traffic, income levels, and the presence of rivals, among other things. The gathering of such data aided the business in forecasting sales, earnings, and other economic performance indicators. Collaborative And Partnership The collaboration proved to be a gift in disguise for small firms in the aftermath of the pandemic. Small companies gained access to a much larger audience through partnership, which was critical for survival during the crisis. The pandemic taught small company owners the value of teamwork and partnership in ensuring the business's stability and survival. Collaboration with influential organizations expands the market and provides exposure to prospective clients. In addition, it contributes to brand reach while enhancing brand credibility. Collaboration solves financial problems, helps you save money, enables network growth, higher profits. Hybrid Business Models Many organizations have transitioned from traditional or linear business models to hybrid business models due to disruptive Fintech players, technological advancements, and changing customer behavior. A hybrid business model combines classic and non-traditional product sales tactics. Additionally, the hybrid business model is referred to as "multichannel commerce," "bricks-and-clicks," or "clicks-and-mortar." A hybrid company model represents a novel path to success. This model uses software, cloud, artificial intelligence and machine learning, hardware, and a combination of conventional and non-traditional services to operate the business. Extensive preparation and analysis are required to iron out the wrinkles of large-scale implementation of the hybrid business model. A hybrid business model brings in several advantages such as: Generates leads Increases ROI New sources of revenue New means of communication and collaboration It contributes to meeting customer requirements and propelling us forward into the digital future. The hybrid company model is optimal since it enables you to make the best of everything and produces the highest quality product. eCommerce's New Trends During the pandemic, the eCommerce business was highly active. Everyone went to the internet to provide their services; everything from food to personal necessities was available online. As a result, the already-crowded eCommerce industry expanded by up to 44%. Several eCommerce trends garnered prominence during the pandemic, including omnichannel strategy, voice search, voice shopping, mobile commerce, green consumerism, drone delivery, leveraging augmented reality to build virtual changing rooms, and artificial intelligence. Additionally, these patterns will persist post-pandemic, owing to the popularity of eCommerce among both consumers and company owners. eCommerce is one such slow progression that exploded in popularity after the financial crisis and is here to stay. Frequently Asked Questions: How has the pandemic affected small businesses? The pandemic had a profound effect on business, and as a result, many small firms were forced to close their doors permanently. In addition, small company owners were forced to respond to the economic upheaval caused by COVID-19 by adopting new business practices. How has technology helped small businesses grow? Technology was critical in helping small businesses weather the recession. Small company entrepreneurs may now communicate with their clients using digital channels such as email, blogs, and social media. The emergence of the internet world and new technology has aided in the growth of several small enterprises. { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [{ "@type": "Question", "name": "How has the pandemic affected small businesses?", "acceptedAnswer": { "@type": "Answer", "text": "The pandemic had a profound effect on business, and as a result, many small firms were forced to close their doors permanently. In addition, small company owners were forced to respond to the economic upheaval caused by COVID-19 by adopting new business practices." } },{ "@type": "Question", "name": "How has technology helped small businesses grow?", "acceptedAnswer": { "@type": "Answer", "text": "Technology was critical in helping small businesses weather the recession. Small company entrepreneurs may now communicate with their clients using digital channels such as email, blogs, and social media. The emergence of the internet world and new technology has aided in the growth of several small enterprises." } }] }

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FINANCE

Small Business Technology - Key Investment Areas

Article | November 25, 2021

Today's business environment is highly uncertain and has a strong inclination towards embracing technology shift. Small business owners are also gradually heading towards the same path. Therefore, considering the future scenario and business prospects, focusing on small business technology investment has become imperative. On the other hand, many small business owners do not have the luxury of investing in technology without a strategy. They cannot take a trial-and-error approach due to their limited budget, resources, and unpredictability of the business climate. However, investments in technology for small businesses play a crucial role, particularly in today's business world. However, the tech needs of a small enterprise are limited, but a few essential elements of technology should be implemented. "We've moved from digital products and infrastructure to digital distribution and web strategy to now into more holistic transformations that clearly are based on mobile, social media, digitization and the power of analytics and we think it's really a new era requiring new strategies." – Saul Berman, Chief Strategist, VP & Global Digital Business Strategy Practice Leader for IBM Global Business Services Key Areas of Investments in Small Business Technology That Cannot Be Neglected Focus Cloud Applications Cloud apps are accessed via a browser and are available on both desktop and mobile devices., On the other hand, cloud computing has existed in the business sector for an extended time but has been underutilized by small businesses owing to budget constraints. However, cloud computing costs have decreased considerably over time, to the point that small business owners may now use this technology. Gartner's study indicates that up to 60% of business owners would rely on the cloud to hold data by 2022, nearly double the percentage in 2018. Cloud computing enables businesses to access data and apps from any location, time, and mobile device, all at a fair cost. Cloud technology enables small businesses to easily access data on the go, enabling them to be more competitive on a global scale. Cloud computing enables various cloud-based services, including cloud storage, cloud backup, and cloud hosting. Cloud computing has several advantages, including increased flexibility and scalability, ease of data recovery, increased data security, and cost-effectiveness. Ultimately, small business tech needs cloud computing applications for seamless business operations in the competitive business world. Must-Have: AI, Machine Learning, And Analytics Often, small companies believe that AI applications, machine learning, and analytics are beyond reach, resulting in minimal investment in technology. However, it is no longer an issue since commercial software solutions incorporate new technologies that enable you to do more with your data. Analytics provides insight into your company's performance, customer experience, risk identification and mitigation, and market trends. In comparison, machine learning enables the service to be more personalized through collecting statistical data and extensive data using AI. Despite the pandemic, researchers expect worldwide AI software revenues to reach $100 billion by 2025. (Deloitte) Here is an amazing real-world corporate example. An early adopter of machine learning, 1-800-Flowers, unveiled 'Gifts When You Need' (GWYN), an IBM AI helper. It enabled GWYN to adapt presents to the chosen occasion by gathering information through interaction. As a result, customers received customized service and knowledge while purchasing from home. This raised the number of new clients while also broadening the demographic reach. In addition, personalized product suggestions enhanced conversions through machine learning. Trending VR and AR Technology Post-covid, virtual and augmented reality technologies will play a significant role. With the advancement of technology, the viewpoint on the corporate environment and ecosystem will shift. The benefits and applications of virtual reality and augmented reality technology in business come in various forms, including customer experience, staff training, and product creation. The application of virtual reality and augmented reality technologies enhances client experiences and contributes to the quality and speed of manual job operations. Given that AR and VR are effective tools for growing sales and income, it's easy to see why small business technology investment is critical. AR and VR are altering both online and physical commerce in dramatic ways. As a result, this technology has had a significant influence on the eCommerce and retail industries. According to Statista 2021, the AR market size is currently $12 billion. (Statista, 2021) As per AR Insider, by 2023, AR users are estimated to reach 2.4 billion. (AR Insider, 2021) Here is one interesting example of the use of this technology. The Nike app enabled users to scan their feet and get accurate sizing recommendations. As a result, online shoppers were no more reluctant and afraid to mistake the size and safely buy shoes online. This feature was handy, primarily due to the pandemic crisis where in-store shopping was declining. Mobile Technology a New Necessity The substantial influence of mobile technology has increased significantly over the previous 18 months due to the coronavirus epidemic. However, mobile technology is no longer a buzzword for small company owners. Due to the epidemic, many small company owners resorted to digital solutions. Mobile technology is not restricted to smartphones, wearables, or contactless payments; computers and GPS devices may also be equipped. Furthermore, mobile technology comes in various forms, including Wi-Fi, Bluetooth, network services such as 4G or 5G, and VPNs (virtual private networks). In the absence of genuine work mobility, supporting employees' mobile devices for work via a BYOD or CYOD program is a prudent investment. FAQs: Q. How do small business owners use technology to improve their business? A. Small businesses can use technology in multiple different ways. For instance, they can use technology to connect with their customers, communicate with their employees, sell their products or services, better coordinate between the employees, simplify manual work, and many more. Q. How much do small businesses spend on technology? A. Small businesses should acknowledge a few technologies in their business operations. Below are the mentioned requisites: Cloud computing Mobile applications HR software Drones Emails Data Security Q. What are the latest business technologies? A. The latest and trendy technologies that are in widespread use in the business world are mentioned below: Internet of things (IoT) Virtual & augmented reality Artificial intelligence Mobile technology Blockchain 3d printing Drones Robotics & automation { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [{ "@type": "Question", "name": "How do small business owners use technology to improve their business?", "acceptedAnswer": { "@type": "Answer", "text": "Small businesses can use technology in multiple different ways. For instance, they can use technology to connect with their customers, communicate with their employees, sell their products or services, better coordinate between the employees, simplify manual work, and many more." } },{ "@type": "Question", "name": "How much do small businesses spend on technology?", "acceptedAnswer": { "@type": "Answer", "text": "Small businesses should acknowledge a few technologies in their business operations. Below are the mentioned requisites: Cloud computing Mobile applications HR software Drones Emails Data Security" } },{ "@type": "Question", "name": "What are the latest business technologies?", "acceptedAnswer": { "@type": "Answer", "text": "The latest and trendy technologies that are in widespread use in the business world are mentioned below: Internet of things (IoT) Virtual & augmented reality Artificial intelligence Mobile technology Blockchain 3d printing Robotics & automation Drones" } }] }

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SMALL BUSINESS ADVICE

Fetch Inbound Marketing Benefits for Small Businesses – 2022

Article | November 16, 2021

Are you a small business owner and still stuck with an expensive form of traditional marketing? Don't be; here is one of the effective solutions for your dilemma ‘inbound marketing.’ So now the question arises - what is inbound marketing? How can small businesses fetch inbound marketing benefits? Inbound marketing, according to Miles Anthony Smith, is the practice of drawing customers to your company. Can accomplish this via content marketing, search engine optimization (SEO), and other strategies. Unfortunately, traditional marketing techniques have been deemed "disruptive" and are no longer employed. In addition, traditional marketing has several problems, including high costs, difficulty in maintaining, and difficulty attracting consumers and generating leads. According to HubSpot, inbound marketing generates 54% more leads than traditional paid marketing. "The effectiveness of inbound marketing relies heavily on the ability to attract leads at all levels of the sales cycle" — Natalie Davis. Most businesses utilize the power of inbound marketing since it develops connections and generates high-quality leads without requiring a significant marketing expenditure. Improved technology has increased the importance of inbound marketing even more. Unlike traditional marketing, inbound marketing encourages people to contact you for your products and services. Various inbound marketing platforms help small businesses with inbound marketing strategy and tools, such as: Marketing automation platforms CRM platforms Email marketing platforms Social media management Website analysis CRYO Adopted Inbound Marketing CRYO, a firm located in Dubai, is a specialist in cryotherapy for the healthcare industry. They give treatment on five continents via corporate-owned and franchised locations. CRYO adopted inbound marketing in 2016 for more focused and data-driven approach to pitch to prospective clients. However, as a digital marketing business, prior to adopting inbound marketing they lacked an end-to-end solution. They observed a significant increase in their company KPIs after implementing inbound marketing. 146% increase in revenue 44% increase in website traffic 128% increase in leads Benefits Of Inbound Marketing Efficient Than Traditional Marketing Inbound marketing, in contrast to typical advertising approaches, targets the appropriate clients who are already interested. According to invespcro, a professionally implemented inbound marketing approach converts leads ten times faster than typical outbound marketing methods. "If you have more money than brains, you should focus on outbound marketing. If you have more brains than money, you should focus on inbound marketing."- Guy Kawasaki, Chief Evangelist of Canva. Here are a few more inbound marketing benefits; it is more responsive than most traditional marketing techniques and increases website traffic. In the age of digitization, inbound marketing platforms are critical for achieving the most remarkable results. Cost-Effective Than Other Forms of Advertising Inbound marketing strategy is unmatched when it comes to cost-effectiveness. This is because inbound marketing focuses on enticing prospective consumers; by doing so, you save time and money by avoiding uninterested people in your products or services. According to Invespcro, content marketing costs 62% less than traditional marketing and triples lead generation. Inbound marketing helps marketers to get a greater return on investment and create more leads on a shoestring budget. The most significant inbound marketing benefit that this technique may give small business owners is cost-effectiveness. Simultaneously, an inbound marketing strategy has better value for your business as well. Long-Term Investment Inbound marketing aims to build a relationship with customers that leads to long-term investment. Assume you have a popular video/blog on a social media network such as Facebook. Your followers will see your posted content and respond with likes, comments, and shares. This manner, your material reaches a bigger audience and retains its visibility for an extended period. As a result, traffic will blossom and expand over time. Unlike other forms of marketing and promotion, inbound marketing does not have a time limit for attracting visitors to your website, thus the long-term investment. As a result, it is one of the most valuable inbound marketing benefits for small businesses with restricted marketing budgets. Builds Brand Awareness and Loyalty In today's society, the majority of purchases begin with an internet search. Therefore, if you have an online presence and are highly active on search's social media platforms, you have a good chance of increasing brand recognition. Interacting with prospective consumers develops their trust and increases the likelihood of choosing your brand when making purchases. Therefore, attract, engage, and delight are the three pillars of the inbound technique. When inbound marketing is done correctly, it fosters consumer loyalty and improves your brand's impression. Final Thought Inbound Marketing is here to stay and is the best marketing strategy for small businesses. Looking at the above-mentioned inbound marketing benefits, you can figure out the tremendous value it holds in marketing. It is vital to have content of high quality and targeted towards the right audience. If you are a small business owner and are interested in a more cost-effective marketing method, we encourage you to implement an inbound marketing strategy. It is not easy as it sounds; it takes time, money, practice, and lastly, a lot of effort to understand your customers. But it is worth all the endeavors.\ FAQs: What are the examples of inbound marketing? Here few examples of trending inbound marketing: Viral videos Blogs Social media campaigns Webinars Infographics Ebooks Whitepaper Podcast What are inbound marketing strategies for start-ups? Below are listed some inbound marketing strategies that start-ups can take advantage of. Create and share free content Write compelling headlines Leverage blogs to the fullest Create an email course Have compelling landing pages Invest in influencer marketing Sprinkle some SEO magic { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [{ "@type": "Question", "name": "What are the examples of inbound marketing?", "acceptedAnswer": { "@type": "Answer", "text": "Here few examples of trending inbound marketing: Viral videos Blogs Social media campaigns Webinars Infographics Ebooks Whitepaper Podcast" } },{ "@type": "Question", "name": "What are inbound marketing strategies for start-ups?", "acceptedAnswer": { "@type": "Answer", "text": "Below are listed some inbound marketing strategies that start-ups can take advantage of. Create and share free content Write compelling headlines Leverage blogs to the fullest Create an email course Have compelling landing pages Invest in influencer marketing Sprinkle some SEO magic" } },{ "@type": "Question", "name": "What are the typical benefits of inbound marketing?", "acceptedAnswer": { "@type": "Answer", "text": "Inbound marketing provides many benefits; below are a few listed ones: Efficient than traditional marketing Cost-effective than other forms of advertising Long-term investment Builds brand awareness and loyalty Reach new markets and audiences Better lead generation Boosts ROI" } }] }

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TECHNOLOGY

Small Business Cybersecurity Best Practices - Now Is the Time to Explore Them

Article | November 15, 2021

As the online world gets popular, cybersecurity is a hot topic for discussion. In today's B2B industry, the new work trend of working from any location has supplanted the traditional working approach. However, fewer security procedures have raised the cybersecurity risk for all organizations, particularly small businesses. As a result, small business data is highly vulnerable to such cyber-attacks. As stated by Brand Essence Research, the worldwide cybersecurity industry will reach $403 billion by 2027, growing at a 12.5% compound annual growth rate (CAGR). For every Cybersecurity Magazine, small and medium-sized enterprises account for 43% data breaches. “As cybersecurity leaders, we have to create our message of influence because security is a culture, and you need the business to take place and be part of that security culture.” - Britney Hommertzheim, Director, Information Security, AMC Theatres, at SecureWorld Kansas City Here are the top cybersecurity challenges that small businesses face and need to be considered while setting cybersecurity best practices for small businesses. The business relies on several manuals and informal processes for cybersecurity The business struggles to handle the complexity of numerous disconnected cybersecurity technologies The business lacks the skills necessary to cope with a current type of cybersecurity attack Managers lack an understanding of or commitment to good cybersecurity No employee is technically trained, and the firm provides no cybersecurity training to its employees While small business owners have successfully adapted to new work processes, they do encounter certain obstacles regularly. This blog highlights a few cybersecurity best practices that your small business may adopt. But before that, let's have a quick glance at a few of the cyber security threats faced in the recent past. Cyber Security Threats in Small Businesses Emotet: Emotet is one of the most damaging and expensive malwares available. It is a sophisticated, modular banking Trojan mainly used to download or dump other financial Trojans. SMS phishing: SMS phishing has become one of the most prominent trends in the world of small business cyber security. Due to the evolution of the media, phishing attempts are now distributed using brief text messages rather than email. Sophisticated ransomware attacks: Complex Ransomware assaults occurred because of the introduction of new, sophisticated types of malware that were a step above anything previously observed. Hence, small organizations should consider using an effective cloud backup solution to protect against data loss. Deepfake videos: Deepfake videos have recently emerged as a significant cyber security concern to small enterprises. These films are designed to dupe company owners into disclosing vital information. Spoof accounts: Spoof accounts is another sort of danger that has developed in recent years. The attacker created a plausible Facebook profile and befriended the employees, using this relationship to collect critical, sensitive, and valuable information from them. It's critical to review your small business's existing cybersecurity best practices. Thus, the following is a list of the top five cybersecurity solutions for small businesses. Top 3 Small Business Cyber Security Practices Strong Password and Authentication Password attacks were the most prevalent type of cyber-attack seen during COVID-19. The attack occurred as a result of insecure passwords and login credentials. Therefore, small businesses should verify that their password policies adhere to the FBI's standards for creating strong passwords. Utilize password managers such as RoboForm, NordPass, DASHLANE, and KEEPER regularly to ensure the security of small company passwords. Another cybersecurity best practices suggestion is that small business owners may utilize two-factor authentication to give an additional degree of security to their digital accounts. Additionally, you may utilize a password-less security strategy to improve account security by eliminating the need for any passwords. Having these cybersecurity best practices in place may serve as the foundation for a robust security plan. Provide Cyber Awareness Training to Your Employees Cybersecurity awareness and understanding among employees are critical for every company. Therefore, cyber awareness training should be mandatory as part of cybersecurity best practices and seriously considered for inclusion in security policy. The following are some suggestions for educating your staff about cybersecurity: Make it essential Integrate cybersecurity into the onboarding process Teach them to identify phishing emails Teach them the proper password combination Conduct cybersecurity exams VPS and Security Considering the present state of the world, including a virtual private server (VPS) into the IT infrastructure is one of the most acceptable cybersecurity solutions for small businesses. According to Statista, the worldwide virtual private network (VPN) market will reach $35.73 billion by 2022. As per Global Virtual Private Server Market Report 2021-2026, VPN and VPS usage is expected to reach 49%, with employees working from home. VPS enables remote access to specific computers and persons without requiring them to be physically present. This access enhances security and safeguards your company's data. Businesses that choose to allow their workers to work from home should search for VPS alternatives that fit with their business's security requirements and cybersecurity resources. "Organizations are ramping up security monitoring to try to know what is happening on endpoint devices. It's a unique opportunity for security to advocate for the employee experience." -David Etue, Nisos's Chief Executive Officer, (claimed in an interview with a Media 7 team) Final Thought Cyber security is an integral part of small businesses today. It helps companies to protect and safeguard their sensitive and confidential data against cyber theft. However, given the dynamic nature of cybercrime, you need to develop comprehensive and effective cybersecurity solutions for small businesses. As a result, it is vital to verify that these procedures are appropriately applied. FAQs: How can small businesses improve cybersecurity? Here are a few tips for small business cybersecurity improvement: Provide cyber awareness training to your employees Utilize VPS and security Strong password and authentication Protect your Internet connection with a firewall Protect your wireless networks Utilize excellent practices when it comes to payment cards What are the top cybersecurity threats facing small businesses? Read out to the top cybersecurity threats small businesses are facing: Emotet SMS phishing Sophisticated ransomware attacks Deepfake videos Spoof accounts IoT attacks Do small businesses need cyber security? Information technology has developed into a significant role in the success of small enterprises. Cybersecurity safeguards their business, consumer and employee information, and sensitive data against rising cybersecurity threats. Cyber security is important for small businesses because they cannot afford to lose critical data and information. { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [{ "@type": "Question", "name": "How can small businesses improve cybersecurity?", "acceptedAnswer": { "@type": "Answer", "text": "Here are a few tips for small business cybersecurity improvement: Provide cyber awareness training to your employees Utilize VPS and security Strong password and authentication Protect your Internet connection with a firewall Protect your wireless networks Utilize excellent practices when it comes to payment cards" } },{ "@type": "Question", "name": "What are the top cybersecurity threats facing small businesses?", "acceptedAnswer": { "@type": "Answer", "text": "Read out to the top cybersecurity threats small businesses are facing: Emotet SMS phishing Sophisticated ransomware attacks Deepfake videos Spoof accounts IoT attacks" } },{ "@type": "Question", "name": "Do small businesses need cyber security?", "acceptedAnswer": { "@type": "Answer", "text": "Information technology has developed into a significant role in the success of small enterprises. Cybersecurity safeguards their business, consumer and employee information, and sensitive data against rising cybersecurity threats. Cyber security is important for small businesses because they cannot afford to lose critical data and information." } }] }

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Spotlight

AppAssure Software

Rapid Recovery, the next generation of AppAssure software, lets you protect anything — systems, apps and data — anywhere, whether it’s physical, virtual or in the cloud. You have to deliver always-on, always-available data to your organization and we can help. Quest is the first and only vendor that matches your backup to your business eliminating the need to compromise when committing to a backup solution.

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