In this podcast, we dive into the critical importance of data ownership and control for business owners. Learn why being the administrator of all your software subscriptions is essential to protect your company from cyber threats and potential financial losses. Discover the risks of relying on others to manage your data and the steps you can take to ensure you always have access to your information. We'll also discuss the significance of regularly backing up and testing your data to safeguard your business.

Key Takeaways

• Understand the importance of having full control and ownership of your business data
• Learn how lack of knowledge can make entrepreneurs vulnerable to cyber threats and financial losses
• Discover why knowing who truly owns your data is crucial for business continuity
• Ensure you are the administrator of all software subscriptions to maintain control over your data
• Regularly backup your data from all software systems at consistent intervals
• Test your data backups to ensure they are functioning properly and accessible when needed

Welcome to The Profit Talk! In this show, we're going to help you explore strategies to help you maximize profits in your business while scaling and creating the lifestyle that you want as an entrepreneur. I am your host, Susanne Mariga! I’m a CPA, a Fractional CFO, and a Certified Profit First Professional Mastery Level providing tax strategies to 7 and 8-figure entrepreneurs. Let's dive into strategies to maximize profits in your business! 

Visit my FREE Facebook Group, The Profit First Masterclass, where I'll be sharing additional exclusive trainings to members of the community.  

If you're excited about what's next for your business and upcoming episodes, please head to our itunes page and give us a review! Your support will help me to bring in other amazing expert interviews to share their best tips on how to powerfully grow in your business! 

DISCLAIMER: The information contained within these videos is provided for informational purposes only and does not constitute, an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions, or regulatory updates in the content of this video. Any U.S. federal tax advice contained within is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.