Strategic Money Mistakes Hurting Your Business

 As a business person, no matter how smart and prudent you are, sometimes you still lose money. Some decisions you take or don’t take can make you lose money or cause you to miss out on some opportunities to make money. Either way, costs result which could drain your profits. Discover here some avenues through which some of these losses can occur and how you can prevent them from hurting your business. 

Rejecting Credit Cards as a Form of Payment

Many small business owners reject credit cards as a form of payment because they either want to avoid fraud or to dodge fees that are associated with accepting credit card payments. That is not a very smart thing to do because these days global business trends favor the use of credit cards for convenience and ease of payments. Invariably, your business may be losing customers and money if you reject Credit Cards as a form of payment. Finding a way around your fears is what works best when it comes to accepting any payment methods, credits cards inclusive, for your business.

Not Taking Full Advantage of the Internet

No matter how many books you have read, nothing beats the Internet where you can easily take advantage of free and affordable content. Books could be of help, Mentors too are helpful but learning from the Internet is most cost-effective and convenient. Before the internet and social media, people only had access to others through work, face-to-face, or perhaps, someone they met at a business conference. These contacts can be limiting and there is no guarantee that they would help you in any way. Today, there are so many ways to learn from people no matter how far away they live or how successful they are for little to no money. Many thanks to the Internet and Social Media! You could be losing out on information flow and by implication money if you are not taking full advantage of the Internet to get useful content from blogs and social media profiles of experts in various fields.

Focusing too much on the Big Picture 

Even if you lay out a big plan for your business, it pays to start small then build up. When new entrepreneurs overly focus more on long-term goals, they tend to lose sight of the simple things they need to do to grow their business steadily. They strategically neglect the fact that it is the little things which you do well which tend to add up to big things in summation. Focusing more on the short-term actually helps you in the long run. You lose money and focus when you do otherwise.

Unknowingly Shortchanging Yourself 

If you run a service business, the cost of your time is where you make money. As such, one very good way to guard against losing money is to protect your time. If you have already made allowance of time to render a service, stick with it. If however you have cause to do extra time because of client requests, be sure they pay for it otherwise you will be shortchanging yourself. You lose money when clients start asking you to do more work than expected outside of the agreement without compensation.

 

How Hackers Get Your Vital Information

Beware! Identity thieves are crawling all over the Internet. Every 3 seconds of the day, some innocent persons like you fall victim to their schemes. For now, no one is immune so please pay attention to this information. As the records indicate, the best-known abuse is theft of your credit card numbers. When it happens, many customers experience fraudulent charges on their accounts. Credit Card numbers are obtained in many ways. Sometimes it’s as simple as a small device called a skimmer that captures the data on your magnetic strip. Restaurant staffers and retail employees can also use pocket skimmers to duplicate your card info when the card is out of your sight. Perhaps the biggest use of skimmers is at gas pumps where they grab your data as you pay at the pump.

 

As you can see, these activities are common everyday activities when credits cards are used. While many consider credit card theft the worst kind of identity theft, it’s really a low-level type of data theft. Most card issuers cover the fraud at no charge to customers. At most, your risk is around $50. The real loss to you is the time it takes to mop up the problem even if the amount of money lost is really small. Of bigger loss is hacked data which the hackers can deploy to very devastating use. When they hit your account, they can access your names, dates of birth, Social Security numbers (SSN), health care ID numbers, home addresses, email addresses and employment information, including income data. With this information, the hackers can open new credit accounts, obtain government documents, and even commit medical identity theft. This is a growing threat that could use up health benefits or add false, potentially harmful data to victims’ medical records. Imagine an instance where someone uses your medical ID to get treatment and has the wrong blood type entered into your records. In an emergency, this sort of identity theft could be deadly. Can anything be worse than that?

Another common hack occurs when you willingly visit a malware-riddled website that could download a key-logger without your knowledge. The next time you do some online banking; the malware captures your password and sends it to the hackers. Alternatively, you might open a loaded email that appears legit but is really seeking to capture data like passwords and other info. These are often referred to as phishing scams because people are fishing for more of your personal data. As stated earlier, no one is immune from hackers. Because it is far more time consuming to correct full-blown identity theft, you can have some kind of protection in PrivacyMaxx.

PrivacyMaxx provides pro-active Identity Protection and Restoration that is guaranteed. To avoid frustrations, losses and headaches, start securing your future now and build a tidy income offering ID protection to your customers, friends, and family. PrivacyMaxx Family Identity Theft Protection Plan is available at TripleClicks.com. It can also be a great source of extra income for SFI Affiliates. Check it out, take out yours and get protected NOW!!!!!!