Bridging the Cybersecurity Divide Between Large Enterprises and SMEs

| July 31, 2018

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This term has since been used to describe the growing economic, educational, and social inequalities between populations with access to ICT and those without, both within and between nations. While it has been mostly used in this context, the same concept can also help us understand the differences between the haves and have-nots in the business environment. Enterprises with a higher digital maturity derive more revenue from their physical assets, are more profitable, and have higher market valuations. 2 Such success, however, is not achieved overnight—it requires enterprises to embark on a journey of digital transformation. According to the World Economic Forum’s (WEF) Digital Transformation Initiative, such a transformation requires business leaders to undertake five action plans to be digitally ready.3 These include reskilling and transitioning the workforce, and creating new digital business models and digital offerings.

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Small Business Trends

Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them.Small Business Trends is the premier source of information, news and advice covering issues of key importance to the small business market. Small Business Trends appears repeatedly at the top of lists of small business websites.

OTHER ARTICLES

7 essential tips and suggestions for small business success

Article | February 27, 2020

The early days of growing your small business play a crucial role in your future success. At this stage, it’s important to make as much progress as possible (without biting off more than your business can chew, of course). That’s why all small business owners should keep the following “growth hacks” in mind. These long term growth strategies for your business will help you achieve your goals efficiently, allowing for sustained growth during this essential stage. This may sound simple, but it’s in fact a very useful piece of advice. After all, every small business owner wants to “grow.” Not all small business owners take the time to define specifically what that means.

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Back to School for Small Businesses: Marketing, Finance and Legal Tips and Tools for New and Established Small Business Owners

Article | August 3, 2021

Finance: Make sure you are on top of bookkeeping from the beginning. Good bookkeeping and accounting are the foundation of a healthy and thriving financial future for your business. I would highly recommend meeting with some of the Start Small Think Big experts to hone these skills earlier than later. Lastly, be super clear about your business plan and how you look to make money from your business and make passive income, along with how to scale. Preparation is truly the key to success for thriving businesses. Marketing: You must do the work to discover your why. Building this foundation helps to develop your brand voice and messaging. Without this core, your business can crumble because it lacks the firm foundation on which it needs to stand. You will attract the right customers and team if you stand firm in your authenticity and why. Secondly, I would advise getting to know your customer to understand how to speak to that particular group. You want it to feel natural and not like you are selling to them. The more you truly learn about their passions and wishes, the more you will best be able to fulfill their needs. Legal: Protect your intellectual property as soon as you have the financial backing to do so. I would also highly recommend becoming a legal business entity of any sort. Doing so helps separate you from your business in any legal ramifications because becoming an LLC has made me feel protected and legitimized.

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Resources on the Main Street Lending Program to Support Small and Mid-Sized Businesses

Article | April 21, 2020

As part of Rapid7’s mission to support the community during this difficult AKA surreal and dangerous time, we are drawing attention to new financial resources to help businesses in need. Below is information on a program for small and mid-sized businesses from the Federal Reserve. Please see this blog post for information on Small Business Administration programs one of which is currently, and hopefully temporarily, on hold.

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9 Things Companies Can Do To Make Hiring Better

Article | June 24, 2021

What is one thing that companies can do to make hiring better? To help small businesses improve their hiring practices, we asked human resource specialists and business leaders for their best advice. From offering work policies that attract diverse candidates to creating hiring teams made up of current employees, there are several innovative strategies that may improve your organization’s hiring process.

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Spotlight

Small Business Trends

Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them.Small Business Trends is the premier source of information, news and advice covering issues of key importance to the small business market. Small Business Trends appears repeatedly at the top of lists of small business websites.

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