Is data access a liability to your business?

Is data access a liability to your business?

More and more people are shopping online and handling many aspects of their business online. That makes for a lot of customer data floating around out there in cyberspace. It also causes a lot of bad actors to use phishing scams and other devious tricks to breach the systems and steal the data for nefarious purposes. Many major corporations have had to manage massive customer data breaches in recent years. Reputable brands like Marriott and Macy’s have all had to…

Could you get tripped up by scope creep on your next project?

If you are a Denver contractor, chances are good that you have already experienced scope creep on your jobs. To a certain extent, scope creep is an occupational hazard that must be managed. But there are occasions of unbridled scope creep that far exceed the nuisance levels and cross over into actual business liabilities. Let’s examine the problem further. Defining the scope of project is crucial for its success Without a clearly defined scope of the work, it is far…

Why should spouses handle business finances together?

Business owners can often control the income range of the business. Aggressive marketing can pull in more money, while a pause in marketing could keep the revenue consistent. For most married couples who own a business, making sure that it is successful is a priority. But, this could change when one party decides that the marriage is over. When a divorce impacts the family business, there are many factors to think about that can affect the legal settlement, as well…

Creating employment and trade contracts that protect your company

As the owner or primary executive of a business, you have a vested interest in protecting the business’s reputation and assets, as well as your own. A properly formatted business plan, as well as the right legal structure for your company, can drastically reduce your personal liability for issues that the company may experience at a later date. However, protecting yourself and your personal assets may not be enough. Taking additional action to protect your business and its interests is…

Utilizing negative input to strengthen business strategies

Businesses are often the recipients of a consistent flow of feedback that comes from customers, investors, competitors and even management within their own company. Analyzing this feedback and understanding its intent is critical for businesses to be able to improve and strengthen their image. For Colorado businesses who receive negative feedback, their ability to see the value in criticism may help them to discover areas where improvements can be made to better their strategy and ability to provide what their…