Inspire - Tips To Grow Your Business, Productivity & Relationships

The growth of the supplement industry of late has been overwhelming, producing statistics that have previously been unheard of. Over 50% of consumers worldwide take vitamins and supplements on a daily basis. In addition, across all demographics in the US, there has been an increase in usage. All ages, genders, and regions of the country have seen an uptick in usage of vitamins, herbal and botanicals, and several other types of supplements on the market today.

In 2021, the supplement market hit record growth at a compound annual growth rate (CAGR) of 14.5%. The growth of this industry can be explained by heightened global health factors and the pandemic itself. The year 2020 saw the first major increase in supplement usage, as new scientific backing for them fostered an increased confidence in their effectiveness. Vitamins have been found to have several health benefits, and many professionals in the field are now pioneering the movement towards a more widespread usage of them.

The vitamin and supplement industry is projected to reach a global value of $98.6 by 2031 as fast changes and new trends have become inevitable. New products and categories of supplements are constantly entering the scene at a staggering rate. Pre-workout supplements are no exception, as most brands have seen millions of revenue to date. Their revolutionary blends of ingredients have consumers hooked, further emphasizing the promising future of this booming industry.

The workplaces of the future are developing quickly, especially with the rise of remote work options. This has been made possible with the introduction of new technology such as video conferencing, and employees have never been happier. 91% of employees have reported that they are happier with their work situation when they are able to work from home and have more flexible hours. Some of the work-life balance improvements include having more time for family, improved savings, and better overall morale.  Many employees have become so attached to their new work situations that 32% of workers have reported quitting their jobs because they weren’t allowed to work remotely. 

As technology continues to shape the new workplaces, we can expect to see some major changes soon. Work will become emotionally healthier for employees, as organizational hierarchies are disbanded in favor of more collaborative environments. There is also expected to be a larger focus on wellness within the workplace, such as office designs based around comfort rather than sterile modernity. Technology can be expected to take over the more routine and less complicated work responsibilities. However, workers will still be expected to have a high-level of impersonal skills, such as people management, negotiation, and emotional intelligence.

Cyber insurance is becoming increasingly important in the digital age. From massive data breaches to ransomware attacks, there are increasing numbers of threats businesses face every day.

Cyberattacks are a major threat to businesses of all sizes. However, medium and small-sized businesses are particularly vulnerable due to their general lack of resources and knowledge when it comes to cyber security.

This is because these organizations often lack the necessary staff, expertise, training, or budget to effectively secure their systems and data. Additionally, many small- and medium-sized businesses may not understand the importance of cyber insurance or the risks they face if they do not have it.

Why Use an MSSP?

This is where an MSSP (Managed Security Service Provider) can help. An MSSP will protect a business’s systems and data by monitoring their networks, providing real-time threat detection, and responding to any issues that arise. By partnering with an MSSP, businesses can minimize the risk of a data breach or other cyber-attack.

In addition to providing protection, an MSSP can also help businesses secure cyber insurance. An MSSP will guide on what type of coverage is needed and can ensure that the company is properly insured against cyber threats.

For businesses looking to secure cyber insurance in 2023, partnering with an MSSP is the best way to protect their systems and data while also ensuring they are adequately covered should a breach or other malicious attack occur. Without the help of an MSSP, businesses may find themselves unprepared and in danger of being targeted by cybercriminals.

Why Cyber Insurance is Important

Having cyber insurance is essential to protect your business. It provides financial protection against data breaches, cyber extortion, and other threats. Cyber insurance can also help cover the costs of repairing or replacing damaged IT systems, as well as legal fees that might be incurred in the event of a breach.

Additionally, it can help ensure you’re able to meet regulatory compliance requirements and provide protections that may not be covered by traditional liability insurance.

The Benefits of Having Cyber Insurance

Having cyber insurance can give you peace of mind knowing that if a breach or other malicious attack were to occur, your business would have the financial support it needs.

Additionally, with the right coverage, you can also access critical incident response services and the expertise of a data breach specialist. This can be invaluable in helping you respond to and contain an attack, as well as minimizing the potential damages that could arise from it.

3 Dangers of Not Having Cyber Insurance

If your business doesn’t have cyber insurance, it could be putting itself at risk of significant financial losses. Here are three dangers of not having cyber insurance in 2023:

1. Data breaches

If a data breach isn’t covered by your business’s insurance, it could lead to major costs associated with the notification, credit monitoring services, and legal expenses.

2. Cyberattacks

Hackers often target medium and small-sized businesses, as they may not have the same security measures in place as larger corporations. Not having cyber insurance can leave your business open to extortion attempts or data theft.

3. Regulatory non-compliance

Cyber insurance can help ensure you remain compliant with applicable regulations, such as HIPAA and PCI-DSS. Without this protection, companies can be subject to hefty fines and other penalties.

Having cyber insurance is an essential component of protecting your business in the digital age. An MSSP can help you secure the right coverage and ensure you’re protected from data breaches, ransomware attacks, and other cyber threats. By investing in the right coverage now, you can help ensure your business’s data and assets are safe in 2023 and beyond.

Fortune 500 companies that engage in ongoing influential networking events often receive the best employees that they are looking for. These influential networks are a win-win for companies and employees since they both get a chance to meet new like-minded individuals. When people come together and share information about each other, learn about others’ accomplishments, and/or learn about another contact that somebody knows, it keeps employees engaged and excited about what they do professionally. 

Many of these employees thrive in these networking environments that companies host because they continue to learn more about people and other opportunities they can excel at outside of their 9-5 work hours. Even though it is a cost to host events by paying for a nice room and someone influential to speak, companies get a nice return on investment through more qualified and talented employees. 

In a recent survey, 70% of employees state that they would leave their current job if they found a company that invested more in training. Even though networking is not directly in the form of training, employees learn something every time they get out of their comfort zone when listening and talking to influential, like-minded individuals in their occupations. The synergy through connecting with other people encourages employees to apply their professional talent in a field where they can grow and excel even more. Learn more about how the best companies are utilizing microlearning for their workplace training in the infographic below:

When it comes to selecting an MSP (managed service provider), there are many factors to consider. Depending on the specific needs of your business, some elements may be more important than others. Here are a few key points to look for when choosing an MSP:

1. Expertise

When selecting a managed service provider, it is important to choose a provider with plenty of experience. While new MSPs can offer valuable services, their lack of experience may mean that they don’t have the same level of expertise as more established providers. Look for an MSP that has been in the business for several years and has helped hundreds or even thousands of businesses with their IT needs. This will ensure that you are getting the best possible service and results from your MSP.

2. Qualifications

You should also check to see what type of qualifications and certifications the MSP has earned, as this can indicate how knowledgeable they are in different aspects of IT. For example, some MSPs specialize in offering managed cloud services, while others may have expertise in server maintenance and support. Knowing what qualifications an MSP has is critical to ensuring you are getting the right type of service for your business needs.

3. Security

Ensure that the MSP meets your organization’s security standards. Ask questions about their data protection policies, network security measures, backup and recovery strategies, and other related topics.

4. Technology

Evaluate the quality of the technology that the MSP is using. Consider factors such as scalability, performance, and cost.

5. Cost

It is also important to take a look at their pricing structure. Make sure that the MSP is offering a good value for the services being provided. Ask about any additional fees, such as setup costs and long-term contracts.

6. Customer Service

Confirm that the MSP offers comprehensive service and support for their products and services. Ensure that they are available when you need them, have a proven track record of successful technical support, and offer specific SLAs (service level agreements).

7. Reputation

Make sure that you research and evaluate the MSP for their reputation within the industry. Check online reviews and ratings, as well as any relevant industry associations or certifications. Doing so can help you gain insight into the quality of service they provide and what types of results you can expect from them. This is especially important if you are looking for an MSP that specializes in a certain area, such as managed cloud services or cybersecurity.

Finally, be sure to ask questions and get clarifications on any points that are unclear or that you need more information about. Choosing the right MSP is a big decision, so make sure you research your options carefully and select the one that best meets your needs. 

Invest in a Reliable and Experienced Provider

Choosing an experienced and qualified MSP is essential to ensuring you get the best possible IT services for your business needs. By doing your research and reading reviews, you can be sure that you are investing in a reliable and experienced provider who can help your business succeed.