Focus Management Group: February Month in Review
Each month we post an overview article that covers our recent company articles, announcements, and insights. Below is for the month of February.
Challenging Inflation – Let’s Get After This!
Everywhere you look you hear about high inflation, a 40-year record Consumer Price Index (“CPI”) and a 50-year record Producer Price Index (“PPI”). The conversations are about fear and uncertainty and financial performance risk.
That is all true.
But how a business chooses to react to this inflationary period will separate the winners from the losers.
A successful business will anticipate the cost increases and manage margins and expenses. The unsuccessful businesses will wait to see what happens, will deal with one-off situations, and will not develop an overall revenue and cost management plan.
How do you make sure your business is successful? Read the article below to find out!
This Is the Time to Evaluate Cybersecurity
This Is the Time to Evaluate Cybersecurity! On February 25, 2022 the US Cybersecurity & Infrastructure Security Agency (“CISA”), a part of the US Department of Homeland Security, issued a warning to businesses that they need to be prepared to defend against cyberattacks originating from Russia.
Expected attacks included denial of service and destructive malware attacks. CISA encouraged businesses to take steps to detect attacks, and to make sure they are able to respond to attacks.
This means businesses need to test backup procedures, which includes running disaster recovery tests and drills, evaluate insurance coverages, and make sure manual systems are available if needed.
What are some steps that businesses can take to better prepare for cyberattacks? Read the article to find out!