Whether you like it or not, the success of your small business is tied to the strength of its cybersecurity. It’s a bit concerning that only 30% of small businesses claim to need cybersecurity when threats are abundant and one data breach could ruin trust in your business forever.
This number comes from the results of the Chicagoland Chamber of Commerce’s 2018 Chicagoland Small Business Outlook Survey.
Participating in the survey were 504 small business owners. The survey questioned the owners on the current landscape of small business, trends in the Chicagoland and their plans, challenges and concerns.
Overall, survey respondents reported a positive outlook for Chicago area growth. Thanks to the strong economy, confidence has increased, leading 71% of owners believe their revenues will increase in 2018. On top of increased revenues, 88% of companies plan on expanding this year.
Where are businesses expanding to? 61% plan on expanding within their state, while 33% plan on expanding to another. Twenty-eight percent of small businesses plan on expanding internationally.
When looking at the needs of small businesses, 40% want help with technology, which is down 5% from last year, while 30% want help with cybersecurity, which wasn’t considered a need by owners just last year.
Tech & Small Business Growth
As an IT service provider and a small business ourselves, we want to do everything we can to help protect and grow this segment. When considering business needs for technology and cybersecurity, we believe in the coming years, as technology continues to advance, these needs will only intensify. Cybersecurity threats are growing at an exponential rate and the technology needed to defend against them is barely keeping up.
To ensure that the 2019 Chicagoland Small Business Outlook Survey has a more positive forecast, it is critical that more businesses begin to understand, invest in and focus on their cybersecurity and technology that will keep their data safe.
Small Business Technology Resources
If you’re at a growing small business and in need of cybersecurity and technology help, we have a few guides to help you take the first steps.
Moving your business into a new office space is often both an exciting and stressful transition. Some surprises and setbacks may be unavoidable, but strong planning beforehand can help you avoid major missteps.
At Switchfast, we have plenty of experience managing the technology needs of small businesses getting set up at a new office. The checklist here was created to help you prepare to move forward with your new office setup or relocation.
Need help with cybersecurity?
If you’re ready to start learning how to improve your cybersecurity, our Small Business Cybersecurity Guide is a good place to start. This guide is meant to help you understand the realities of how cybercrime can impact your business and what you can do to protect yourself.
The tactics outlined in the guide will help keep your business from being an easy target. While these steps can’t guarantee total protection, these methods are proven to reduce the chances of a criminal infiltrating your network.
Need help with technology?
If you’re just starting out and you don’t have dedicated IT staff, figuring out where to get advise can be tricky. Hiring a Managed Service Provider (MSP) to assist can take a lot off your plate. But which MSP is the best option for your business? If you’re in the process of looking for a provider, use the following worksheet to help you determine whether each company lines up with your needs.
Want to start taking a more proactive approach to leveraging technology to grow your business? That’s our specialty. Feel free to reach out with any questions you have.
Written by Nik Vargas