Weekly Business Insights from Top Ten Business Magazines | Week 289 | Entrepreneurship Section | 1

Extractive summaries of and key takeaways from the articles curated from TOP TEN BUSINESS MAGAZINES to promote informed business decision-making | Week 289 | March 24-30, 2023

Is Your Start Up Safe? Here Are 7 Reminders On How To Protect It

By Under30CEO | Entrepreneur Magazine | March 24, 2023

Listen to the Extractive Summary of the Article

There’s a lot of moving parts when it comes to starting a business. And always the topic of security will come up.  Security is one of those things that has been discussed in detail, but to arm your organization, it’s about making sure that you understand what threats you are up against. It requires a number of physical, digital, and mental security measures to protect your startup; here are some tips that can help you protect your company and promote longevity.

1. Proper identification.  If you want to secure your premises, you’ve got to look from the outside in. Exterior security comes in many different ways, like security cameras, security guards, or fencing, but one of the simplest methods you can use to prevent any intrusion is to issue company ID badges for every member of staff.
2. Communicating properly.  When we talk about security and compliance, we can easily start to overcomplicate the language.  Instead, provide information in the most basic ways that everybody can understand means you are not suffering from oversimplification but are benefiting from over-communication.
3. Appropriate surveillance.  Surveillance is also about providing deterrence. Potential intruders will weigh up a location to see if it is worth breaking into before anything else. While a security camera can be enough to deter a thief, there are other methods, like clear signage and a professional security firm, that provide reassurance.
4. Internal physical startup security.  There are a number of methods beyond ID badges you can take advantage of; physical barriers are one approach, but you can also limit access to more sensitive locations, like data centers, where certain members of staff would not be able to infiltrate. 
5. Understanding your employees can steal too.  Internal security measures like a security camera can do a lot, but it’s also about making sure that you recognize the signs of a fraudulent employee.
6. Backing up data.  Regular backups are a simple thing but are critical to disaster recovery. The act of regular backups to a cloud system is one approach. However, if you are not utilizing the cloud yet and are still using hard drives keeping them under lock and key is one simple approach.
7. Embedding a culture of startup security.  To increase your security measures, you need to prioritize a security-oriented culture. 

2 key takeaways from the article

1. Security is one of those things that has been discussed in detail, but to arm your startups, it’s about making sure that you understand what threats you are up against. It requires a number of physical, digital, and mental security measures to protect your startup.
2. Some tips that can help you protect your company and promote longevity are: use ID badages for proper identification of your employees; communicate properly about security and compliance; use clear signage and a professional security firm for appropriate surveillance; use internal physical startup security such as physical barriers to limit access to more sensitive locations, like data centers; understand your employees can steal too; back up data if you are not using the cloud; and embed a culture of startup security.

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Topics:  Security, Startup, Technology