The Private Business Owner

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Why On-Site Medical Care Is Good For Business

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on-site-medical-health-clinic-for-businesses

Your assistant has a cough that won’t go away but keeps putting off going to the doctor. Your HR manager needs half a day off to get her annual physical. Another employee wants to check to make sure his new medication is controlling his blood pressure properly.

Each of these scenarios take place in businesses across America every day, and each doctor visit means several hours off work and pricey office visits, maybe even ER visits. That coughing assistant could be infecting others as well as getting sicker herself.

Think on-site health care is too expensive for your mid-sized business? It may be time to change your thinking. Many medium-sized businesses are using on-site wellness programs to differentiate themselves from other employers – and keep their workforce healthier while lowering expenses. [Read more…]

Is Your Company’s Data Legal?

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data-sovereignty

If you haven’t heard about data sovereignty yet, you likely will soon.

Data sovereignty refers to the digital information your company uses and stores and with what laws that data must comply. In short, your data must be used and stored according to the laws of the country in which it is located.

These security requirements generally cover how information is used by the business, how it is stored and for how long. Should your security be breached, these regulations may also determine how to report the theft and what liability your company may face.

Data sovereignty is an emerging business issue since companies are quickly adopting cloud technologies while expanding into global markets. This means that your data must meet the data security requirements of the country in which it is stored, whether it’s in the United States, the European Union, China or elsewhere.

A recent webinar, Data Sovereignty: Understanding its Implications to Your Business and Investments, covered this topic in depth and is well worth a listen. Sponsored by The Deal, with experts from IntraLinks, Intel and Hewlett-Packard Enterprise, the webinar makes plain that data sovereignty is an area where small- and medium-sized businesses are particularly vulnerable. [Read more…]

Is Your Business Protected From Cybercrime?

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Cyber Security for Businesses

How you handle IT security is more important than ever. Ransomware, a type of malicious software that blocks access to a system until money is paid, and cyberattacks are rising across all industries, according to the FBI Internet Crime Complaint Center.

In 2015, the FBI reports that it received 2,453 complaints of ransomware incidents for which victims paid more than $24 million. That’s up significantly from 2014, when 1,838 victims reported that their companies paid $23.8 million between April and December.

These attacks run the gamut, and can include stealing financial details or customer information, locking up machines, launching distributed denial-of-service attacks, encrypting data or relaying spam to your customers. Ransom demands can run from a few hundred dollars to a few thousand dollars, usually paid in Bitcoins.

So what’s a CEO to do? [Read more…]

Top 10 Videos Every Business Owner Needs to Watch Now

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Don’t have time to attend conferences or lectures where the best and brightest are speaking? No worries. You can listen to videos that will help you improve your business or challenge your thinking about what is best for your company.

Here are the top 10 videos every businessperson should watch.

1. Building a Formidable Brand

Tony Hsieh, CEO of the online shoe and clothing shop Zappos, explains how Zappos grew to a billion-dollar brand by concentrating on exceptional customer service.

[Read more…]

Rewarding Non-family Business Managers

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rewarding-nonfamily-employees-in-family-business

Finding ways to reward non-family executives in a family-owned business can be one of the biggest challenges faced by owners of a small- to mid-sized firm. However, it’s imperative for the health of your business that you retain top performers, especially as your growth demands you hire talent outside the family.

What can you do to keep your best employees motivated and acting like owners even if you can’t share ownership? [Read more…]