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Business finance: The ultimate guide for non-finance people

BMT Office Administration

Besides that, the business finance landscape has gone through many changes as of late. In particular, traditional business financing options like bank loans have been declining since 2020 — where they fell 6% from 2019 (43% to 37%, respectively). The biggest perk is that the bank has no say in how you run your company.

Finance 264
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Employers may be responsible for employee damages from cyber security hacks

BMT Office Administration

Mail scams may be making a comeback, but the quickest, easiest, and most efficient way for a scammer or phisher to steal employees’ identities is to hack into your computer network. But ESS portals are risky, too, because they create more points of entry into your computer network for phishers to create havoc.

Security 246
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Protect Your Workplace From Cyber Security Threats

The Receptionist

And if you think that your small business is safe from malicious actors, think again. According to this study , 43% of cyber attacks were aimed at small businesses. Perhaps the scariest part of the aforementioned study is that the vast majority of small businesses are unprepared for any cyber attack — both small or large.

Security 130
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7 Cybersecurity Tips for Remote Workers

Success

The impact of a cyberattack is so costly that nearly 60% of small businesses go out of business within six months of an attack. When you’re in places like coffee shops, restaurants or even hotels, it’s best to hold off accessing private information such as your bank account or using sensitive logins.

Security 128
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A Freelancer’s Guide to Business Insurance: What You Need to Know

Success

Client contracts sometimes even require you to have freelance business insurance. Business insurance for freelancers can be confusing According to a survey by Next Insurance , “40% of small business owners said it’s more stressful to understand insurance than taxes.”

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The No. 1 Mistake That Business Owners Make in Fraud Prevention

Insperity

And small businesses are disproportionately victimized, according to a recent report by the Association of Certified Fraud Examiners. The reasons small businesses are at more risk may be a lack of fraud-prevention resources or a lack of oversight. The person paying the bills should never reconcile the bank statement.

Finance 100
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Workplace and property firms must wake up to the new era of networked businesses

Workplace Insight

In terms of the office workplace, banks were permitted to become JSCs in the 1830s; the first being the London and Westminster Bank, in 1834. In the past new businesses had to invest in fixed assets such as the physical workplace and equipment; today they can attain global reach with no assets.