59% of small businesses experienced a cyber attack last year. That's not a typo. And if you think you're too small to be a target, you're exactly who they're after.
On today's Businessing, Pat breaks down what hackers actually want from your business (spoiler: it's not just your bank account—it's your CRM full of customer data), and exactly what to do about it: backups, 2FA, password managers, and cyber insurance.
Plus: Eddie Bauer is closing after 104 years and blaming the pandemic (really?), Valentine's Day spending is shifting from gifts to experiences (and how to apply that to YOUR business), and an Idea Slam with gravel bike coach Paul Waki asking the question: Did I niche down too far?
Pat's answer might surprise you: Go NARROWER.
Don't Grow It Alone®
Today's show sponsored by Genhead (genhead.com) and Enji (enji.co/sboc)
00:00 - Show Open
02:30 - Eddie Bauer Closing: 104 Years, $28 T-Shirts, Blaming the Pandemic
07:15 - Valentine's Day: $29B in Spending, Experiences Over Gifts
12:45 - How to Turn Your Product Into an Experience
17:00 - Lead Story: 59% of Small Businesses Got Cyber Attacked
22:30 - What Hackers Want from YOUR Business
26:00 - Cyber Protection: Backups, 2FA, Password Managers, Insurance
30:15 - Idea Slam: Paul Waki - Simple Endurance Coaching
35:00 - Should You Niche Down MORE?
42:30 - The Ownable Idea: What Makes You Different?
48:00 - Big News: DontGrowItAlone.com Domain Acquired
50:30 - SBOC Madison Meetup & Wrap
small business cybersecurity, cyber attacks small business, niche down business, eddie bauer closing, valentine's day business