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As small business owners, we tend to do everything on our own. We generally wear all the hats – but as time goes, business grows; we are no longer able to neither rotate nor wear all hats. As the demand of a more organized structure grows, we may have limited skills when it comes to a more technical side. We may be expert s of what we do and the product that we sell, but there are a lot of areas in the business management, where we have to admit, we need help with.

 

1. Data strategy

The overarching and driving structure of managing data is a data strategy. A data strategy is essentially a roadmap that identifies how a company will collect, handle, manage and store content. While a data strategy can vary in its breadth and depth, a simple strategy explaining each component is vital.

2. Data collection

Two of the most important questions to consider are:
• What data do you want and need to collect
• How will you collect that data

Since data collection can happen in various formats and from various sources, the means of collecting data should be secure (you do not want to compromise any information) reliable (you do not want to lose a single data) and efficient (you do not want to deal with an unorganized data).

3. Data storage

Once you have a collection all your date, the challenge now is where to safely keep it. Data should be stored on a trusted platform. While there are a lot of options nowadays for data storage, you don’t want to use a service has a bad reputation, no reputation just because you are opting for something relatively cheaper. Remember, your data is valuable, you do not entrust just anyone the things that are valuable to you. Keep in mind; key thing to consider is the level of security. Make sure that however and wherever you store your data, it’s safe.

4. Data Sharing

1st 3 are solved, now down to 4. After you have solved your data collection, now how are you going to share data simultaneously and effectively? Will you be able to delegate certain information to only a group of people? You have to opt for again another reliable system that will allow you to do so. Consider also the ease of access for the users.

5. Data Use

Lastly, when and how will you use your collected data? You should understand when and how. Understand the implications of using your data and ensure you have permissions for that use. Remember to be careful of the data you collect and do not violate any of your data use policies.

If you are currently having these challenges as well, do seek out for an expert’s advise. Choosing the best data management system can be a great asset to your business growth.

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