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Showing posts from November, 2019

Why companies need to update their software regularly

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Image source: Pixabay.com      Tyler T. Tysdal acknowledges that a huge part of the success of a business is anchored on its safety and security. Companies hold a ton of sensitive information on both ends. Much of this information is stored in computers and electronic devices, and most office equipments are connected to networks. As such, it can be an easy way for cybercriminals to access electronic devices and wreak havoc on a business. This is one of the reasons, Tyler T. Tysdal explains, computer software needs to be updated regularly. Image source: Pixabay.com      Hackers and other cybercriminals have a knack for sniffing out which companies have outdated software. When a software isn’t updated, patches aren’t sent, and holes aren’t plugged. It’ll be a walk in the park for hackers to send harmful programs such as viruses and malware through these holes. Updating software puts layers over these holes, thus protecting sensitive information a business keeps. However,

Great business ideas for athletes

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Any athlete would want to translate their passion for sports into a lucrative money-making venture. The industry is obviously a huge one with many niches to test out one’s entrepreneurial skills. Hereunder are some advice on how to channel your know-how of sports into a successful business endeavor, courtesy of sports entrepreneur Tyler T. Tysdal. Image source: smallbiztrends.com First, keep in mind that the niches in the sports industry can be generally classified into sports management, sports equipment, and media marketing and advertising. That said, the sports equipment type can be pursued by opening a sports training facility , which will house various gear for both sports enthusiasts and athletes. You’ll charge a fee for access to equipment for either multi-purpose use or those specific to a sport, like swimming, weightlifting, or golf. If you have the capital, you can aim higher and go for founding your own sports team or club , which you can then develop and enlist i

Planning for an exit strategy amidst an M&A

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With extensive experience in entrepreneurship and investment, Tyler T. Tysdal has amassed a wealth of knowledge through the years. And through his series of blogs, he tackles various topics in and around business and investment. Image source: cosmeticsdesign.com For this blog, Tyler T. Tysdal touches on planning for an exit strategy – amidst a merger or acquisition. Before anything else, exit strategies need to be part of the business plan. This means that even before businesses are set up, owners already have an idea of how to preserve either the growth or assets of their business. Tyler T. Tysdal notes that there are several ways to go about planning for an exit strategy amidst a merger or acquisition. However, many factors can influence the planning itself, such as the specific circumstances and priorities of the company. Examining these circumstances can aid the owner when looking for the best strategy for the company and shareholders. Image source: martechtoday.co