Share
Follow

Articles

Is Disruptive Technology Damaging Business?

Disruptive technology is on the verge of taking over the business world. For those businesses that are not ready for such an impact, could disruptive technology wind up damaging business and consumer relations?

In an article from Disruption Hub, author Laura Cox writes, “There’s a huge divide between businesses that are successfully using tech, and those that simply say they are. This can be confusing for customers, and damaging for businesses, and is in part responsible for the problem with disruption. Could inaccurate use of terms negatively affect innovation, and how have companies used technology to gain a competitive advantage?”.

In the article Cox discusses:

  • The positive impact of innovative technology

  • Disruptive technology becoming the norm

  • The challenges behind using tech to market products

Cox continues, “For the companies that recognise the potential of innovative tech, creating a quality service and rolling it out to customers is a recipe for success. Claiming to offer advanced technology only works in a business’ favour if they can genuinely provide that service, though. As shown by the failure of numerous chatbots, this can be detrimental to the company as well as to the adoption of the tech itself”. Does your business use disruptive and innovative technology as a marketing tool?

To read more, see the full article from Laura Cox in Disruption Hub.

Inspiring Culture and Influencing Engagement Within the Workplace

Engaged employees will go above and beyond what they are asked to complete. While engaged employees take business to new heights, getting employees engaged can be challenging.

In an article from Inc., author Adam Fridman writes, “More than 85% of workers worldwide, and more than 65% of American workers, report feeling disengaged at work, according to Gallup polls. And there's a real cost associated with employees who are not engaged: Gallup estimates that employee disengagement costs companies between $450 million and $550 million per year through bad hires, lost customers and lower productivity”.

In the article Fridman discusses:

  • Asking the right questions

  • Pulling the right levers

  • Empower - don’t govern

Fridman continues, “a great culture happens when organizations ask their people the right questions, and connect with them in a human way - through relationship, purpose and opportunity. It happens when organizations motivate and empower, rather than mandate behavior”.  How does your company engage and inspire your employees?

To read more, see the full article from Adam Fridman in Inc.

SMBs Spend 120 Hours Per Year on Admin Tasks and Bookkeeping

Administrative tasks may seem small compared to corporate meetings, but they are just as important to a company’s success.  How much time does your business spend on administrative tasks?

According to an article from CPA Practice Advisor, “Small businesses currently spend an average of 120 working-days per year on administrative tasks, accounting for approximately 5% of the total manpower for the average small and medium sized business. That's according to a new economic report by Sage, a maker of cloud accounting software”.

This article discusses:

  • Gross value add

  • How businesses are approaching their largest burdens

  • Why automating administrative tasks might be beneficial to small businesses

How does your small business address administrative tasks? Contact us to find out how we can help!

To read more, see the full article from CPA Practice Advisor.

5 Tips to Protect Your Business When Dealing with Payments

With the rise of technology, a new state of commerce has emerged. “Card-not-present” transactions might pose a threat for your business. Protecting your business by not falling victim to fraud is becoming harder than ever before.

In an article from Entrepreneur, author John Canfield writes, “There are also situations emerging on these newer online platforms where fraudsters operate as merchants (rather than simply buyers), with the aim of defrauding the platforms and quickly disappearing before the platform realizes what's happened. This leaves the platform on the hook for all fraudulent charges”.

In this article Canfield discusses:

  • Educating yourself

  • Start with simple protections

  • Verify with social data

  • Trust your instincts

  • Don’t wait

Canfield continues, “We recommend that all businesses plan for fraud risks. For online platform providers, we believe that it’s even more crucial for them to ensure that their platforms remain a safe place to conduct business”. What steps is your business taking to combat fraud?

To read more, see the full article from John Canfield in Entrepreneur.  

Equifax Data Breach Puts Millions at Risk

Close to half the population of the United States could be affected by a recent cyber attack on Equifax, one of the three largest American consumer credit reporting agencies in the United States. The company also provides identity theft protection. 

Equifax announced on Thursday, September 7, 2017, that approximately 143 million U.S. consumers had their private information accessed between mid-May and July 2017. 

This information includes:

  • Names
  • Social security numbers
  • Birth dates
  • Addresses
  • Driver’s license numbers
  • Credit card numbers 

ARE YOU AT RISK?

If you have used Equifax’s credit services, your personal information could be at risk. 

To determine if your personal information may have been impacted by this incident, please follow the below steps:

  1. Click on the link, “Check Potential Impact,” on this page and provide your last name and the last six digits of your Social Security number.
  2. Based on that information, you will receive a message indicating whether your personal information may have been impacted by this incident. 

Equifax will offer free identity theft protection and credit file monitoring to all U.S. consumers affected by the data breach. 

For more information, please visit Equifax’s website: https://www.equifaxsecurity2017.com/.

Their answers are easier to understand.
Charlie Glas