Sheconopreneurs protect their business information like a kangaroo protects her joey.
#1 Do it ------ > Use a unique password for everything, every time. See last week's Sheconmista Way post for more details.
And some extra things for you, dear business owner.
As business owners, we have a lot of passwords that access all sorts of things. There comes a time when it is time to share some of these passwords with a growing team, so you are not bottlenecking getting things done. If you can create separate accounts, that is ideal, especially as it relates to anything financial.
For example, my clients have bank accounts that I access. Most major banks have the option of setting up separate accounts to access selected information. You should use these options if available. If it is not available or you don’t have an option, I implore you to make sure you use unique passwords. If you employ the password formula, make sure you use two different formulas: one for personal and one for business.
You don’t want an angry ex-assistant breaking into your match.com account, do you?!
*Pro Tip: If someone other than you - an employee or subcontractor - manages your money, make sure that someone is bonded or insured. This creates a safety net in the event there is mishandling of money. Think bookkeepers, financial consultants, personal assistants, your finance manager, any employee who handles money, etc. Learn more in What It Means To Be Bonded, Licensed & Insured via Bankrate.