Digital-News on Scoop.it today

Sometimes backing up takes more time than proper work, but it could be wise keeping a offline copy...

Backing up data is vital, no matter how small your business.

We recommend backing up data for small business owners and new entrepreneurs, because we learnt a very expensive and time consuming lesson. Our website was hacked during 2013 and we lost all content. It resulted in the re-design of a new website collecting new content. While we were busy with this project, we lose valuable new clients because we had no face on the internet web.

Back up daily if possible, or every second day or even weekly, but then you have the risk of losing one week's content research. I hope your find this useful and applicable to your specialized small business.  

"..There are three things required for financial success.  It does not matter if you are an individual, a family, a business, a non-profit, or a government, there are only three things you need to be a financial success.  Best of all, they are simple.."

These very basics are a start but I wouldn't say that you could end there. Part of being able to do this well is to understand your profit drivers. To do this you need to understand your costs, your sources of revenue, and your competitive position. With this understanding, you are in a better position to spend wisely and invest differentially. 

Three rules to lay the groundwork for a suvccessful business!