| Responsible Business Is About Security

Posted in Small Business at 1:00 PM by Loftis Consulting

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Being a business owner brings with it many responsibilities, not all of them which you may expect. You have to worry first of all about whether your company is moving in the right direction and whether it will continue to prosper so that you can concomitantly continue to support yourself and the people who rely on you, whether they are your family your employees. If you have shareholders, you of course have a fiduciary responsibility to them. In simple terms, it means that you have been put into a position of trust to act in the best interest of the principal. This should be taken extremely seriously because betraying the trust of those who have invested in you can lead to serious legal troubles. Running a business also brings with an ethical dimension. You have to think about the society in which you are operating and consider whether the effects of your business will be detrimental. There are some obvious cases such as responsibly disposing of any waste that your company may produce or ensuring that you pay the right amount of tax so that you can give back to the people who support you. Some companies take their ethical responsibilities to the next level and actively contribute or promote charitable organizations. Being out for yourself is quite selfish in any case, but it is also not really an aspect of respectable modern business.

Security, both on your own behalf and on behalf of your employees and clients, is another pressing concern. In the modern age, there are so many different possible weak points that it is sometimes a full-time job keeping track of them. Here are a few to remember:

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Identity theft is serious and when a client trusts you with their sensitive financial information, that is a trust that cannot be taken lightly. In purely business terms, it is a terrible idea not to pay close attention to your client’s information because if it becomes compromised, they will never employ your services again and you could open yourself to legal action which could close down your business. Fortunately, the solution is pretty simple: Paper Shredder Pros. Shredding documents is an everyday practice for big companies who care about their clients.

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Cyberspace has created room for many businesses to grow (some would not exist if it were not for the internet) but it has also created potential threats. The danger of hacking is one that can ruin your entire business in no time at all. If details of your practices become known online, you may lose what slight competitive edge you’d manage to develop, or even worse, your business could once again be shut down.

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A more permanent concern for business owners is maintaining the integrity of their building. This is not just for the safety of your employees but for the health of your business too. A break in or an accident can prevent you from trading for a matter of days or even weeks. The cost of installing security measures is prophylactically cheaper than dealing with the consequences of not.

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