A lot of the information that is currently available regarding due diligence relates to the actual investigation process and the type of information that prospective investors will request and review. However, for a company that is looking to sell, there is quite a bit that has to happen before it will even get to this point. It is never wise to try to embark on a sale of your company and subject yourselves to an external due diligence investigation without first engaging in a bit of internal due diligence. Here are some important questions to ask yourself about due diligence beforehand to avoid succumbing to a potentially disastrous situation:Read More
Countless companies have succumbed to disastrous security breaches, exposing the data of clients and employees, paying millions in remediation and settlements, and leading to C-level firings. Nonetheless, countless other companies still seem to put data security on the back burner, as stories of their demise continue unabated. If a company’s overarching goal is to grow and make money, this matter must become a top priority.
Impressive growth and profit margins are irrelevant if the company ends up losing millions of dollars to rectify an avoidable security breach or half the team that built the business is fired because of negligent security practices. To preserve your business, not to mention your employment status, you have to invest in solid data security ASAP and here are some things to keep in mind when doing so:
Filling out paperwork, keeping tabs on important documentation and files, and figuring out how to store and organize all of this information are necessary albeit burdensome daily activities for most businesses. Unfortunately, in document-heavy industries or those segments of the economy that tend to be highly regulated, it can be a downright struggle to keep up with both the volume of paperwork and the different rules and regulations regarding the manner in which the paperwork must be managed and retained.Read More
Superstorm Sandy hit the northeastern coast recently with a vengeance. Businesses in her direct path saw inventory destroyed, expensive electronic equipment rendered useless and hard copies of important data washed away. Many additional businesses (not in the immediate path of the storm) suffered from loss of power, and in some cases, loss of access to important data stored out-of-reach on powerless machines.Read More
At first, secure virtual data rooms and generic online file storage systems seem like they have a lot in common.Read More