With the immense potential for growth and earnings in the modern world, there are also exists immense reason for vigilance and acuity in the way you conduct business. While technological innovation has a lot to offer a savvy entrepreneur such as yourself, it also it also serves to benefit competition or worse – cybercriminals.
As if dealing with competition wasn’t enough, data breaches have unfortunately become increasingly common. Rates of these breaches show no sign of faltering, and generally entail at best a hefty price tag and at worst the utter devastation of the company itself. Below, we will go through some ways to ensure your business against disaster and keep the enterprise fortified like an impenetrable kingdom.
Make Concrete Goals
Perhaps this is a concept that seems so simple as to go unmentioned, but you’d be surprised at how much of a hindrance failing to do so can be. Many people think goals are intrinsic and therefore implied, but if you do not make these goals clear and concise, it’s impossible to keep everyone on the same page.
As if it were needed, research proves that goal-defining improves performance. You never know what you or your workforce is capable of until you actually aim and shoot for something. This may involve creating periodic benchmarks for the company to reach. This will ensure the safety of your business by way of guaranteeing you are moving forward. Even if you fail to reach that which you aspire to, you have at least learned something that would allow you to tweak the approach, and thus give yourself a better chance at attaining the next time around.
Keep Your Ego In Check
Never assume that you know everything, regardless of your past successes or failures. Parameters chance constantly in the business world, so staying in touch with reality will always be a valuable strategy. Keeping an even keel emotionally and professionally ensures the stability of the enterprise.
There are many methods of data analysis that you can use to your advantage in business. Noticing trends among customers is incredibly important, as is keeping in touch with their critiques or complaints. After all, the relationship between increased customer satisfaction and profit is clear. You should be on the hunt for all types of feedback and use it to constantly update the way you conduct business. This ensures your business does not crumble under obsolescence.
Have A Recovery Plan In Place
Having a plan that defends your business against crisis allows for unperturbed continuity for your enterprise in the aftermath of an adverse event. In 2018, one of the best ways to do this is by investing in a recovery plan that protects your data. This will minimize downtime in the event that your business suffers at the hands of an outage, natural disaster, or breach of data.
The last thing many business-owners want to think about is the hypothetical scenario of disaster, but unfortunately, adverse events are all but inevitable. In fact, the statistics on data breaches suggest an unprecedented rise in these types of cybercrimes. It’s better to be safe than sorry especially when the very fate of your business may depend on it.
Keep Your Work Properly Documented
Having a log of all your business transactions with as much detail as possible gives you a place to refer to for all pertinent information. Keep it comprehensive and unchanging. This will expedite any processes in regard to refunds or other drawbacks that could otherwise hinder customer satisfaction if handled ineffectively.
Instead of rummaging around all of your poorly kept records and wasting everyone’s time, be orderly in your keeping of them in the first place. This small degree of discipline goes a long way in terms of keeping business online.
Stay Aware of How Employees Perceive You
While keeping an awareness of how customers perceive you and your business is obviously important, this mantra extends to employees and those around you. Try your best to be the manager that you yourself would like to have above you. This doesn’t mean that you need to be overly friendly to the point of being disingenuous – in fact, people can often see through this.
Create an environment that allows for and encourages autonomy. This will encourage your employees to cultivate a sense of dignity in the work they do. On the contrary, micromanaging demonstrates distrust in those around you, which can hamper cohesion amongst the workforce. You can still evaluate progress after the fact, and give pointers at that point.
You should also put time and thought into making the work environment comfortable for employees. Innovative workplaces like Google and other tech companies have shown that a positive work environment simply confers benefits that a sterile one does not. In addition, if your business models allow for it, consider implementing the opportunity to work remotely.
Author: Oliver Curtis
Hi there. I’m Oliver. I’m just a young boy from the outskirts of… Okay, that’s a lie, I’m not a young boy anymore, although I certainly feel that way at heart.