Cybersecurity should be a top concern for small companies whether you do business primarily in the UK or in other countries as well. Even though news headlines usually focus on data breaches that happen to large companies and government organisations, it’s the small business that’s even more at risk. Why? Hackers are counting on small businesses to spend less on their cybersecurity budget and have weaker security than larger companies.
SMEs generally need the capability to juggle many different tasks at any given moment. If you’re a new SME business your focus might be on finding suitable premises, financing your operation, strengthening your team or simply staying afloat. With a plethora of moving parts to consider, digital risk management can get left by the wayside. The risks, however, can be severe and are more prevalent in smaller businesses than they are in larger ones.
The UK experiences shockingly low employee engagement levels, which is impacting productivity, worker morale, and staff turnover levels nationwide. Many businesses overlook this fact however both employer and employee suffer the consequences of this. Only around one-third of British employees say that they’re engaged with their work, and 66% of millennials feel they’ve chosen the wrong career.
When small businesses owners are starting their business, the main aim and priority is to keep the costs low. It is likely, most of the costs will be spent on necessities, rather than luxuries. Some may think that HR professionals or an HR department are a luxury, however, they can help implement workplace policies and keep the business out of trouble. If it’s not possible to hire an HR professional, then outsourcing can also be an option. However, it is advisable to hire an individual to manage the HR of your business as soon as you can.
Besides your usual marketing strategy, have you ever thought about alternative ways to drum up interest in your business? Holding a successful workshop to teach others your area of expertise could be just what you need to capture a new audience in your field, as well as meeting new people that could soon become colleagues.
If you are the owner of an SME or are responsible for the cyber security of one, you might never have heard of Managed Detection and Response services (MDR). However, that is something that needs to change quickly. MDR services can be extremely valuable to SMEs and overlooking them will likely not only cost you money but will also make you more vulnerable to cyber-attacks.