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Is your business prepared for the next natural disaster?

In the wake of Hurricanes Harvey, Irma and Maria, many business owners are wondering how their companies would recover from such an event. Here are some steps you can take to ensure your firm is prepared for a potentially devastating natural disaster, according to Chris Meyer, co-founder and CEO of Magilla Loans and a contributing writer to Entrepreneur.

  1. Create a written recovery plan in advance. This plan should include resources, contact information, a how-to guide for usage, policies and procedures, and details for handling reviews and updates, gathering disaster documentation and resuming business operations, in addition to an appendix.
  2. Share the recovery plan with every employee. The same goes for contractors, vendors and anyone else who works on-site at your company.
  3. Store important data and files in the cloud. Also keep printed copies at all locations.
  4. Maintain adequate insurance, including applicable riders. Earthquake and flood insurance are considered riders, which means they aren’t included in a basic policy.
  5. Beware of opportunistic scams. Always vet charities or websites claiming to help disaster victims before you make a donation. Also monitor your credit and identity after a disaster. Scammers may try to collect funds on behalf of victims.

 

Are Millennials actually dream employees?

Believe it or not, millennials may be among your most optimistic, creative and hardworking employees, according to results of a new study from 747 Insights in partnership with consumer intelligence platform Collaborata.

To conduct the “Generation Nation” study researchers surveyed more than 4,000 Americans from their late teens to their early 70s, asking them how they felt about topics such as work, friendships and even brands. They discovered that Millennials – individuals born between 1981 and 1997 (currently ages 20-36) – were more likely than all generations to agree with statements expressing a desire to make the world a better place, confirming a purpose in life, and projecting a confidence in the U.S., the government, and each other to work together to solve problems.

“Playing against type, millennials are actually an employer’s dream,” researchers noted. Other findings related to this age group include:

  • They truly care about their work beyond being a means to a paycheck.
  • They have a positive outlook on their generation and what they’re going to contribute to the greater good.
  • They are willing to work hard for an employer who supports them. They are more willing than members of other generations to catch up on work during their personal time.
  • They were also the most likely to agree with the statements, “If I work hard, I can do anything” and “I believe in working hard and playing hard.”

 

7 passwords your business should never use

One of the biggest threats to your company’s data security is one of the simplest to address: choosing the right passwords. Weak passwords are the first ones that hackers will target. Yet many companies continue to choose common, obvious or easy-to-guess passwords that place them at risk.

Here are the seven passwords you should never use, according to Inc.com.

  1. Password – This includes variations such as P@ssword and P@55w0rd!.
  2. QWERTY – This is the sequence of letters at the top left of most keyboards. Avoid any combination of consecutive letters, either on a keyboard or alphabetically.
  3. 12345 (or any combination of consecutive numbers)
  4. BusinessName1
  5. Business address (including combinations of street names and numbers)
  6. Date of birth (including birthdays, birthdates and years of birth)
  7. Simple dictionary words – Make sure to avoid those words related to your business. An auto shop, for example, should avoid using “auto,” “tire” or other related words in a password.