Small Business

October 8, 2018 

Late payments can be catastrophic: In the U.S. more than 100,000 small businesses close down every year because of delayed invoices. For freelancers and microbusinesses, late payments can be even more painful.

October 1, 2018 

As cybercrime becomes increasingly sophisticated, security breaches at major corporations around the world are becoming quite commonplace. Just last year, the private information of 143 million Equifax consumers was compromised.[1] And if a major corporation cannot protect its information, how does a small or mid-sized corporation stand a chance? Most modern organizations, whether large or...…

September 27, 2018 

Announced in May, this year’s competition was open to higher education institutions and consortia of accredited institutions in states supported by EDA’s Austin and Denver regional offices.

September 26, 2018 

Using connected technologies like artificial intelligence, drones, robotics or wearable sensors can increase a business’s likelihood of being a cyber-attack victim because these technologies give cyber-criminals new access points into a company’s IT ...

September 26, 2018 

Incredibly, three in five small businesses do not have a business succession plan in place, according to a Nationwide Small Business Survey. Of those, 47% don’t have a succession plan because they don’t think it’s necessary, while 14% don’t have a ...

Nellie Akalp

September 24, 2018 

While “technical debt” is a term that’s frequently used by technologists, the implication and understanding of it tends to be opaque to the business until it’s too late - just look at how Nokia lost the mobile market that it helped create.

September 19, 2018 

Although the average cost for small and medium-sized businesses to recover from a cyber-attack is estimated to be $120,000, 83% of SMBs do not have any money reserved to get back to business as usual should a breach occur. A quarter were unaware it ...

September 19, 2018 

Philanthropy is a major focus for entrepreneurs—79 percent say that charitable giving is a critical part of who they are, and 47 percent consider themselves philanthropists. Entrepreneurs tend to give more than others, with the median annual donation ...

September 14, 2018 

Small and mid-sized businesses are more vulnerable to fraud than larger organizations, and the effects can be more damaging. The types of fraud that businesses need to be aware of generally fall into three categories: Theft, financial statement fraud ...

Isaac M. O'Bannon

September 11, 2018 

eCommerce is growing every year, and it has become a major force in the global economy. The online market is expected to grow 56% by 2020, with other traditional markets only expected to experience 2% overall growth during the same time period.

September 11, 2018 

Hurricane Florence recently dealt a harsh blow to the East Coast, while storms Isaac and Olivia threatened other areas, yet most small businesses don't have a plan for if the storms affect them.

September 10, 2018 

Visit any coffeehouse and you’ll see customers paying with the cellphones. Go to a flea market or craft show and instead of a clumsy credit card machine, you’ll see a nice little attachment on the seller’s cellphone that processes payments instantly.

Mary Girsch-Bock