Data breaches occur around the world and cost a lot to fix, especially when it happens in the healthcare industry. Medical data breaches can cost the healthcare industry up to $6.5 million, or $429 per patient record. 67% of costs can be incurred during the first year following a breach. This cost is usually related to … Read more
With so many job titles being used today, it’s hard to know who does what. Therefore, it makes sense to start by hiring a fractional chief operating officer (COO) who can help in this area for a fraction of the pay rate. But, what’s the difference between a COO and a fractional COO? What Is … Read more
What Is a Fractional Chief Marketing Officer (CMO)? A fractional outsourced CMO is a chief marketing officer who only works temporarily or part-time for an hourly wage or a set amount per project. These professional freelancers may either work remotely, at the office or both. What Is a CMO? A chief marketing officer, also known … Read more
It’s easy to get caught up in the day to day of running a business without considering the bigger picture. This is where business strategy comes in. A business strategy is a comprehensive plan that defines your vision and role in the market, identifies and prioritizes those metrics that drive growth, and ultimately, provides clarity … Read more
Had you mentioned an outsourced, seasoned, or fractional chief executive officer (CEO) a few years ago, people would have been stumped. Today, these words not only make a lot of sense but also bring value to organizations. But what’s the difference between a CEO and a fractional CEO? What Is a CEO? A chief executive … Read more
Is it time for your company to start building your marketing funnel? The answer is yes. Waiting to build your funnel can do more harm than good since it takes time to generate awareness, capture leads, and for your leads to go through their marketing journey with your brand. You’ll need to build momentum and … Read more
Supply chain challenges are hindering holiday shopping. Many shoppers are aware of the issue. Online retailers’ out of stock product numbers are expected to rise 360% from 2019, with electronics being one of the most affected categories. The tech industry currently faces the dual impact of computer chip shortages and supply chain frustrations. Relying on sea and air … Read more
There is an uptick in people starting their own businesses. In fact, there are 582 million entrepreneurs worldwide and 78% turn a profit. But starting a business is no easy task. It requires a lot of time, dedication, and most importantly funds! Funding a business is typically the biggest hurdle entrepreneurs face and can often … Read more
Forming an Limited Liability Company LLC as a teenager or minor is not just a dream, it can be a reality for most entrepreneurial-minded young people. Recent data shows that there has been an uptick in entrepreneurship overall, and teens play a part in the increase. A majority of high school and college students hope … Read more
Working from home is the new big thing in the labor market. Prior to the pandemic, only 4.1% of the labor force had remote jobs. Now, over 42% of workers in the US work full-time from home. Many people are excited by the new system. Workers appreciate the flexibility and savings they receive, which increases job satisfaction by … Read more
