Ransomware attacks are often a small business owner’s worst nightmare. Unfortunately, experts don’t believe ransomware attacks will let up anytime soon, with recent research from Datto finding that these attacks cost small businesses $301 million worth of ransomware money in 2016. In a survey of...
Small businesses are no stranger to digitization, with a recent report from Deloitte highlighting the focus on IT investment for the small- and medium-sized business. Yet ongoing talent shortages remain a key hurdle to SMBs’ efforts to digitize, researchers noted. In its report, “Technology in...
When it comes to running a small business that accepts electronic payments, there are two words that business owners don’t like to hear from their merchant services provider: holds and reserves. Those words, of course, describe the decades-old standard practice of having merchant processors hold...
When myPOS launched in 2014, cash was still mostly king among small businesses. In fact, as Andrew Byrne, COO at myPOS, told Karen Webster, in some places it still is. Camden Market, Byrne noted as an example, is a popular destination in London that bills...
Small business (SMBs) are distinct from other customer groups, Tide CEO Dr. Oliver Prill told Karen Webster during this week’s Monday Conversation, with a specific set of product and service needs that often go unmet because they are so unique. That means small businesses of all sizes — particularly the small...
A new survey shows that small business confidence is soaring thanks to a strong economy. The CNBC|SurveyMonkey Small Business Survey polled more than 2,000 small business owners from July 27 through August 5. Its Confidence Index is calculated on a scale from 0–100 and is...
Small business financing company Fundera released the results of a survey assessing how entrepreneurs make purchases for their companies. WTOP said on Monday (July 30) that Fundera’s report revealed how common it is for small business owners to use their business credit cards for personal expenses,...
Equifax, the credit scoring company, and Thinking Capital announced on Tuesday (July 10) the launch of BillMarket, a solution that brings together a small business credit grading and financing application designed specifically for Canadian small businesses. In a press release, Equifax said BillMarket brings clarity to...
The pace of advancement in retail has been so fast in recent years, AEVI CEO Mike Camerling told Karen Webster in a recent conversation, that it can be genuinely difficult for SMBs – particularly mom-and-pop mainstream merchants – to keep up. “It can frankly just...
