3 Small Business Assets Worth Protecting
As a business owner, protecting your assets comes with the title! What comes to mind could vary from protecting your financial assets to your physical property to protection from liability.
In a nutshell, your assets are anything of value that your business owns.
Assets include everything from trademarks to profits to your office chair! We tend to look at our assets from an accounting perspective, but we also need to think of assets from a security perspective.
When securing your business, consider these 3 key areas:
Technology Assets
These are intangible assets your business owns or relies upon to conduct business. Think of any electronic data that needs to be protected, such as:
Customer Information
Databases
Healthcare Information
Computer Systems and Devices
Financial and Accounting Information
Physical Assets
You have tangible property within your business too! Do you have any of these?
Computers
Cash Registers
Buildings
Inventory
Company Vehicles
Organizational Assets
Some assets don't fit in either of the categories above. It might be difficult to quantify how much value they provide. One thing is for sure: losing or damaging these assets will negatively impact your bottom line.
Organizational assets to consider...
Brand Reputation - It would be difficult to measure the damage of an attacked brand. For this reason, it's important to monitor and track things like brand mentions. This allows you to minimize damage. Your brand is worth protecting.
Staff - People are more important than things, but they're also a huge liability. Sometimes staff behavior can negatively impact your business, even if it's unintentional. We recommend monitoring social media activity, implementing policy and procedures, or even offering training can keep troubling issues from arising.
You shouldn't have to feel overwhelmed with a checklist of securing your assets. We understand security means more than keeping your data safe!
