The 3 ways to make your small business successful

If you will look at the number of small businesses opening every year then you will find the number to be increasing at a very fast pace. Currently, the number of small businesses has increased in almost each and every type of country and they are even becoming a major part of the economy in many countries. Whether you talk about the construction industry or e-commerce industry, you will surely see many new small businesses popping up and that’s what makes small businesses an enticing opportunity for all the people with unique ideas in their mind.

If you are also planning to start a small business then you should also know about the dark side of small businesses as well. You will be surprised to know that only a small portion of all the small businesses that start are able to continue their first and that what makes running a small business very challenging. Modern technologies might have made opening a business very easy but making that business success will always be tough and challenging and the same goes for small businesses as well.

When you will look at the reason behind the failure of small businesses then you will find many reasons. Some small businesses are just not ready to face the tough challenge from the industry while others are not able to adapt to the multi-tasking culture of small businesses. Well, managing everything with limited resources will always be a challenge and the same challenge is faced by small businesses. We surely can’t cover all the reasons for small business failure but we can look at some of the important tips that you can use in order to make your small business successful.

In this blog post, we have included the top 3 tips that you can use in order to make your small business reach the peak of the industry.

Go online

One of the most important things that you should do in order to make your small business success is to go online. You should know that in the modern era, the digital platform has become the king because everyone is present on the digital platform and the number of people using the internet is increasing every year. Many small businesses think that they need to be present on the online platform only when they are selling something online or dealing in online services but that’s not true. In order to go online, you don’t need to sell online products or services.

You should know that if a customer will firstly search about your product or service on the internet before finalizing his decision and if you will not be present on the online platform then your credit will degrade. You can simply start from building an official website for your small business and after that, you can move on to other social media platforms. It doesn’t matter which type of industry you are in or how small your business, you should always be available on the online platform so that people can easily reach you.

Use cloud hosting

Utilizing the available technology has become the key to success for small businesses. Well. Small businesses surely can’t go on buying all the technological solutions available in the market due to limited budget but they can surely go for cloud hosting. In the cloud hosting system, the business hosts the business application on the cloud through a cloud hosting provider and they don’t need to install the application on every office desktop in order to use it. Cloud hosting has become the new normal for small businesses and if you are not using it then it’s high time to move to it.

There are many advantages of cloud hosting solutions like anywhere, anytime access, high uptime, scalability, flexibility, round the clock customer support, heightened security cost-effectiveness, no device restriction, multi-user access and much more. Cloud hosting offers a long list of benefits at a pocket-friendly price and that’s why small businesses should go for it without any second thoughts.

Build a culture of adaptability

Another important point that you will need to focus on if you want to make your small business successful is adaptability. The current market landscape keeps on changing at a very fast pace and that’s why if you will not have an adaptable culture in your small business then it will become quite difficult for your small business to adjust in the new changes.

For example, if you are using desktop installed software and if your small business doesn’t have an adaptive culture then it will become quite difficult for you to introduce cloud hosting solutions in your business. Just like this, there are many other challenges that you will have with your small business if you will not have an adaptive culture.

Cloud Encryption Tips for Businesses

With so many businesses storing sensitive information on the cloud, security is paramount. Read this guide to learn more about how to keep your data safe with cloud encryption.

If you own a business, you may consider data to be one of your top assets. If you store data on the cloud, it is absolutely critical that you invest in encryption to ensure that this information is kept private and secure. This infographic from Paradyn outlines the various encryption options available and offers some handy tips on how to get it right.

What is Encryption?

Webopedia describes encryption as the “translation of data into a secret code.” By using encryption, companies can make sure that only authorized people have access to sensitive information. Data encryption is an effective way of protecting your business against cyber attacks; as even if a hacker attempted to access the data, they would not be able to read it.

How Does Data Encryption Work?

There are three main categories of cloud encryption:

1. Client-Side Encryption:

This refers to instances when data is encrypted on a user’s computer before being uploaded to the cloud, using a digital key that’s unknown to the storage server. This is the gold standard of cloud encryption and is ideal for organizations that handle large amounts of highly sensitive data

 2. In-Transit Encryption:

This occurs when the server and computer exchange encryption keys so that data isn’t accessible to anyone else on the same network during uploading. In-transit encryption is less secure than client-side encryption, this option is suitable for organizations that handle little-to-no sensitive information.

 3. At-Rest Encryption:

This is when the data is stored in an encrypted state on the storage provider’s servers. Again, this is more suited to businesses that don’t handle a lot of information.

The Business Benefits of Cloud Encryption

A highly reliable option for storing sensitive data, 75% of businesses have either partially or extensively deployed cloud encryption. There are multiple benefits associated with cloud encryption.

Firstly, it helps to reduce the risk of data loss. This is because cloud services are more robust than physical hardware storage and, backing up cloud-based data in another location so your data will be secure even if a disaster strikes.

Encryption also strengthens data protection by adding an extra layer that prevents hackers from reading your data. As such is one of the best weapons against cybercriminals who may be trying to steal and misuse data for fraudulent activities.

What’s more, it simplifies data management, as attachments can be automatically encrypted and emails containing sensitive personal information are less likely to be sent out by mistake.

Finally, if your business operates in the European Union, cloud encryption is recommended for compliance with the General Data Protection Regulation (GDPR). While GDPR does not specifically mandate encryption, it does mention it in a few articles as a recommended security and personal data protection measures.

Learn More About Cloud Encryption

If you are curious about cloud encryption and would like to learn more about its business benefits, take a look at the below infographic guide.

cloud-encryption-tips-for-businesses

Changes Through Technological Advancements in The Accounting Industry

In the era of evolution, technology has been seen advancements by leaps and bounds and it is also believed that the work of accountants has become much simpler than before with the introduction of technology in the accounting sector. Talking about the earlier days when all the work was done with pens and papers, technology has brought about dynamic changes in the present scenario by providing the best accounting services in Dubai.

This means everything is done on computers like data entry, making financial records, calculations and much more. This is an excellent transformation that has bought about a number of benefits and the work is also being done quite efficiently these days.

The following points will show the changes that technology has bought about in the lives of accountants:

1. Well-equipped and specialized accounting software:

 

Accountants are moving from manual calculations and traditional ways of recording transactions by pen and paper. They are slowly shifting to accounting software’s which have made their life easier. There are now efficient tools and software’s available that help accountants to input data faster and also to compute the data easily. Not only this, but scanning tools are also available to the manual inputting of data is also being replaced rapidly.

A computer is accurate in doing calculations so the chances of the error have also declined and also in case there is some error in the data, the computer detects it and it can be verified and corrected immediately.

2. The system launched is cloud-based:

Cloud accounting services

There are a number of organizations that are providing accounting services and are aware of the fact that the internet is something beyond company websites and social media. They are using a cloud-based system to record, analyze and compute data easily. This system helps you get access to data whenever and from wherever you wish to. All you need is to log on to the cloud-based system and get going. The data stored in this system is digitalized which means it can be accessed easily. This as a new working style in the accounting industry has helped in managing and minimizing bookkeeping expenditures.

3. Transactions related to the client are becoming more efficient:

Technology advancement in delivering the best accounting services has not only benefitted the company or the accounts, but also the clients taking accounting services. The clients will also get access to the data through digitalization. Also, face to face meetings can be initiated through web video conferencing which means it has become really convenient for the clients to convene and discuss the matter of concerns as and when required regardless of the distance from the accounting firm.

4. Accounting services have become mobile:

Cloud accounting services

With the introduction of smart-phones, we cannot ignore the fact that the dependency of people has increased on mobile phones but we can also not ignore the fact that mobile phones have made our lives much simpler. There are a number of applications related to accounting which people can download in their mobile phones and use them efficiently. These applications are dedicated to accounting. It is also possible for you to take your office with you anywhere and everywhere and this can be done with a smartphone, internet connection and a bit of support for the Information Technology (I.T.) team.

5. Easy job for the accountants providing accounting services:

Cloud accounting services

Without any doubt, the accounting system is quite difficult like computing and recording data is a tiresome procedure. The technology has made it much easier for the accountants providing accounting services to record, and compute data by introducing different useful accounting tools and software. This way their work has become easy and effective and also error-free.

So after going through the above-mentioned points, we can clearly see that technology has bought about positive changes in the field of accounting and with the passage of time, this will be improved further.