How to Protect your Patient’s Data from a Security Breach

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Data breaches can be devastating, and healthcare organizations continue to account for a significant share of reported data breaches. Why? Health care facilities carry some of the most sensitive data files, supplying hackers with the intel that has limitless potential to not only effect the health care organization that they have infiltrated, but also the patients involved in the breach.

No company is immune from a security attack or breach. Keeping patient, clinic and hospital information secure is critical, but that’s a challenge that is becoming more difficult to address as the number of attempted breaches rises. Breaches occur due to email security, lost devices, poor network security or hardware intrusion.

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Why your bank wants to see an updated business plan before giving you a business loan

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You’ve been in business for years, you’ve got a solid Profit and Loss Statement, so why is your bank asking for an updated business plan before providing you with a loan? Well, to simplify it, even though you’ve known your cousin Sharon for 30+ years, you probably wouldn’t loan her thousands of dollars without asking her what she plans to use it for, how risky a venture it is, and how she plans to pay it back. It’s kind of the same theory. Even though your company isn’t a start-up, you’ve been known in the community for years, there is still a risk for the bank in lending your business the money. Continue reading “Why your bank wants to see an updated business plan before giving you a business loan”

5 Things Business Loan Underwriters Are Looking For

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Most small businesses will need a loan at some point. Whether they need to get things off the ground or expand, financial backing is essential. Getting approved for the loan, isn’t always so easy however. Underwriters can get picky about who they lend their coins to, but the feat is not impossible. Here’s what to consider so you get approved. Continue reading “5 Things Business Loan Underwriters Are Looking For”

Keeping your company data safe with a mobile workforce

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Technology has transformed the lives of millions of office workers, creating “work from anywhere” opportunities that provide flexibility, productivity gains, and increased happiness among the ranks. Continue reading “Keeping your company data safe with a mobile workforce”

The End of the Cubicle?

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The modern workplace is changing, and it’s to the benefit of everyone. Employers know their competitive advantage is driven most by the quality of their employees, so they want to attract and keep top talent.  In addition to changes in culture and flexible working arrangements the actual footprints of offices are beginning to change – the open floor plan and communal think tank environments.  Is it the end of the cubicle? Continue reading “The End of the Cubicle?”

Is Your Business Scalable? 6 Tips to Grow

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As a seasoned business owner, you know how tough it is to grow your business. Some years you work your tail off just to squeak out another percent. But growth can come easier if you adjust your model to one with high scalability.

Your ability to scale depends mostly on what you do. If your business depends on your skillset, scaling will be difficult. There are only a certain number of hours in a day you can Continue reading “Is Your Business Scalable? 6 Tips to Grow”

Handling Conflict in Your Family Owned Business

Conflicts are a normal part of every business, but family-owned businesses present a unique set of challenges. It’s quite common for business issues to spill to the family realm and vice versa, infecting both types of relationships.

Dealing with these complex relationship issues should be a fundamental part of your business plan. The problems are inevitable, so plan for them in advance. Continue reading “Handling Conflict in Your Family Owned Business”

Municipal facelifts: To finance or not to finance – that is the question

Municipal infrastructure & equipment upkeep is expensive.  City/Town councils or commissions have to make hard decisions every day on how to finance capital projects – the big question is to borrow money or save over time and pay with cash.  Sounds much like a personal budget dilemma – and in fact, it is.

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Why should a business bank with a local community bank?

I have spent my long banking career at a few (some people say “a number”) of banks here in Connecticut.  At each stop I have had the pleasure of working with small and medium sized businesses who work every day to promote their products and provide jobs for thousands of people in our state.  Each of those businesses also realize that the communities that they are in are very important to the success of their business.  It is those people in the community who buy their products, educate their employees and their employees’ children, and provide a secure environment in which to live.

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