Fintech PR
GODADDY TIPS TO REVOLUTIONIZE YOUR BUSINESS PLAN: HOW AI IS MAKING ENTREPRENEURSHIP EASIER
ISLAMABAD , Dec. 20, 2024 /PRNewswire/ —
Introduction
In today’s fast-paced business world, many entrepreneurs find the task of writing a comprehensive business plan to be overwhelming. However, advancements in Artificial Intelligence (AI) are making this process more efficient and accessible. This guide illustrates how entrepreneurs can utilize AI tools to create a business plan for their ideas.
The Role of AI
AI serves as a digital assistant, expediting the initial draft of a business plan, allowing entrepreneurs to devote more time to refining it. While AI provides a foundational structure, the unique ideas and understanding that entrepreneurs have about their businesses make the plans one-of-a-kind.
Embracing AI in Business Planning
Before initiating the process, entrepreneurs should be aware of the essential components of a business plan. This includes a summary of the business, details about the company and its offerings, and insights into the market and competitors. Additionally, entrepreneurs might want to consider developing plans for sales, management, operations, and finances. To maximize the efficiency of AI, it is vital for entrepreneurs to gather all relevant business details beforehand. This preparation enables AI to assist in crafting a well-structured plan.
Feeding Information to AI
The first step involves providing a general overview of the business, which includes the company name, target market, products or services, and financial projections. An example prompt template is as follows: “I’m developing a business plan for my company, [company name], a [industry] startup offering [product/service]. Please accept the information below about my company as a basis for developing a strong business plan.”
Creating Sections with AI Help
Breaking the business plan into sections and using specific prompts for each can streamline the process. AI can generate initial drafts for each part, which entrepreneurs can subsequently review and edit. Suggested prompts include:
- Summary and Company Description:
- “As a successful entrepreneur and seasoned strategist, draft an enticing executive summary and company description for [company name] in the [industry] sector.”
- “As an innovative product developer, provide a comprehensive description of [product/service] offered by my company.”
- “As a market analyst, outline a detailed market analysis for [company name].”
- “Compile a concise competitive analysis for [company name], highlighting the strengths and weaknesses of key competitors.”
- “Create a thorough sales and marketing plan for [company name], including a detailed growth strategy.”
- “Assume the perspective of a potential customer and identify the unique selling proposition of [company name].”
- “Outline the optimal structure, ownership, and management roles for [company name].”
- “Craft an efficient operating plan for [company name], detailing infrastructure and risk management.”
- “Develop a comprehensive financial overview and funding request for [company name], including income statements and sales forecasts.”
- This section allows for the addition of any extra details like research or visuals.
Finalizing the Plan
Once drafts for each section are complete, the next step is to ensure they fit together coherently. The business plan should clearly convey what the business is about and outline its path to success.
Getting Feedback from AI
After refining the draft, entrepreneurs can request AI to check for any missing elements, errors, or inconsistencies. This is also an ideal moment for AI to assist in creating a summary, mission statement, vision, values, and value proposition to ensure alignment with business goals.
Making a One-Page Plan
Finally, entrepreneurs should create a simple one-page version of their business plan, summarizing all critical points in an easily digestible format. This step fosters clarity and focus, facilitating communication of the business strategy to stakeholders. It is important to remember that while AI can be a significant aid, it cannot replace the creativity and oversight of human input, which is essential for ensuring that unique business ideas are accurately reflected in the plan.
Conclusion
AI can serve as a valuable tool in establishing and enhancing a business’s digital presence. With platforms like GoDaddy Airo, entrepreneurs can harness AI to streamline their business planning and operations, allowing them more time to focus on turning their entrepreneurial dreams into reality. For further information on how GoDaddy Airo can support a business idea’s online launch, interested parties are encouraged to explore available resources.Top of Form
Find out more how GoDaddy Airo can help businesses get their ideas started online.
About GoDaddy
GoDaddy helps millions of entrepreneurs globally start and scale their businesses. People come to GoDaddy to name their idea, build a website and logo, sell their products and services, and accept payments. GoDaddy Airo™, the company’s AI-powered experience, makes growing a small business faster and easier by helping them to get their idea online in minutes, drive traffic and boost sales. GoDaddy’s expert guides are available 24/7 to provide assistance. To learn more about the company, visit www.GoDaddy.com.
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LONDON, Dec. 20, 2024 /PRNewswire/ — Heimdal Security shares a practical holiday cybersecurity checklist, offering expert insights to help businesses safeguard against cyber threats this festive season.
With reduced staffing, remote work setups, and a surge in online shopping creating heightened vulnerabilities, this guide offers actionable tips to enhance business security.
Going beyond basic advice, the checklist also highlights the most common holiday scams and features videos showcasing real-life examples of Christmas-themed cyber scams and effective prevention strategies.
Key Tips to Protect Businesses This Holiday Season:
- Strengthen endpoints: Ensure devices are updated with antivirus and endpoint protection software; consider Endpoint Detection and Response (EDR) and application whitelisting.
- Prepare for phishing spikes: Train staff to identify suspicious emails, enforce robust email filters, and establish protocols for reporting unusual activity.
- Secure remote access: Mandate VPN usage, monitor unusual logins, and deactivate inactive accounts temporarily.
- Segment and shield networks: Isolate sensitive areas, deploy DNS security and advanced firewalls, and maintain full visibility over network traffic.
- Apply timely patches: Regularly update all systems and test patches in a controlled environment to minimize disruptions.
- Mitigate supply chain risks: Assess vendors thoroughly and limit their access to essential systems.
- Have a response plan ready: Tailor incident protocols for the holidays, create an on-call rotation for the IT team, and enable rapid action against suspicious activity.
“ Cybercriminals thrive on holiday distractions, but with proactive measures like phishing training, secure endpoints, and network segmentation, businesses can stay ahead of potential threats,” said Alex Panait, System Administrator at Heimdal Security.
Common Holiday Scams That Businesses Should Watch For:
Cybercriminals often tailor their tactics to exploit the festive season. The most common scams include:
- Spear phishing: Emails disguised as holiday bonuses or event invitations that steal credentials or spread malware.
- Malicious holiday E-Cards: Festive greetings that contain links deploying ransomware or spyware.
- Fake E-Commerce sites: Fraudulent websites offering discounts to steal payment information.
- Insider threats: Distracted or disgruntled employees mishandling or exploiting sensitive data.
- Corporate travel scams: Fake booking platforms targeting business travelers.
- Business email compromise (BEC): Fraudulent requests for urgent wire transfers during year-end financial rushes.
For more, read the full article here or watch the video on YouTube to see how these threats unfold and learn actionable prevention strategies.
About Heimdal:
Established in Copenhagen in 2014, Heimdal® empowers CISOs, security teams, and IT administrators to improve their security operations, reduce alert fatigue, and implement proactive measures through a unified command and control platform.
Heimdal’s award-winning cybersecurity solutions span the entire IT estate, addressing challenges from endpoint to network levels, including vulnerability management, privileged access, Zero Trust implementation, and ransomware prevention.
For further press information:
Madalina Popovici
Media Relations Manager
[email protected]
View original content:https://www.prnewswire.co.uk/news-releases/stay-cyber-safe-this-holiday-season-heimdals-checklist-for-business-security-302337465.html
Fintech PR
According to Tickmill survey, 3 in 10 Britons in economic difficulty: Purchasing power down 41% since 2004
The people who have the most problems are women (30%) and are between 35 and 49 years old (39%)
ROME, Dec. 20, 2024 /PRNewswire/ — The purchasing power in the UK has dropped by 41% over the last 20 years. Today, £100,000 left in a bank account since 2004 without being invested would now be worth £59,021.
This figure is one of the findings from a study conducted by Tickmill, an international online trading broker that compared the economic situation in the UK and the European Union through the infographic “Purchasing Power and Cost of Living: UK vs EU”.
The analysis reveals a slight decline of 0.4% in the UK’s purchasing power, which currently stands at £41,573. In contrast, the European Union has seen a modest rise of 0.1%, reaching £40,874.
Why is purchasing power declining in the UK? One key factor is the cost of living. If the UK were still part of the European Union, it would rank as the fifth most expensive country, behind Ireland, Luxembourg, Denmark, and the Netherlands.
Unsurprisingly, 3 in 10 Britons are struggling with the cost of living. Women (3 in 10, compared to 25% of men), those aged between 35 and 49 (4 in 10), households earning less than £15,000 (6 in 10), and single parents (1 in 2) are among the most affected groups.
Among UK nations, Northern Ireland is the hardest hit, with 34% of its population facing financial difficulties, followed by Wales (31%), England (28%), and Scotland (22%). In England, the North East has the highest percentage of people struggling, with 4 in 10 residents affected. Even in London, the high costs impact 1 in 4 adults.
In response to these challenges, Britons are making significant adjustments:
- 53% have cut back or delayed spending on smaller items like eating out, entertainment, subscriptions, clothing, toys, books, etc.;
- 52% have reduced household energy consumption;
- 48% have decreased their grocery spending;
- 41% have scaled back or postponed major expenditures, such as holidays, cars, and weddings;
- 26% are working longer hours, taking on overtime, or pursuing additional jobs to earn extra income.
The British also made changes on the financial side. One in four adults has been forced to dip into their savings or investments to cover daily expenses. Moreover, 44% have stopped saving or investing entirely or have reduced their savings and investments—a 4% increase compared to 2023.
The lack of investment is another critical factor contributing to the decline in purchasing power. It is estimated that 13 million UK residents hold £430 billion in cash deposits but do not invest. The reasons? Seventy-four percent say they cannot compare investment products effectively, and 43% are afraid of losing their money.
A lack of knowledge and fear are preventing many savers from taking advantage of an important opportunity: preserving or increasing their purchasing power in the long term.
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NEW YORK, Dec. 20, 2024 /PRNewswire/ — The New York Stock Exchange (NYSE) is proud to offer a new daily pre-market update and additional content directly from the iconic NYSE Trading Floor. Access today’s NYSE Pre-market update as well as a Weekly Recap for market insights and other content before trading begins.
DAILY NYSE PRE-MARKET UPDATE
Kristen Scholer, Senior Markets Anchor, NYSE, delivers a daily pre-market update that includes key insights into the trading day ahead leading up to the NYSE’s Opening Bell.
NYSE END OF YEAR RECAP VIDEO
The New York Stock Exchange end-of-year video debuted today to package the moments that defined the markets in 2024 for editorial use.
NYSE ORIGINAL CONTENT
Elevate your reporting with the latest market insights and content from the NYSE, the world’s leading financial marketplace by leveraging a range of exclusive NYSE content including:
- NYSE B-Roll Footage: NYSE Trading Floor, Market milestones, and Bell-ringing events.
- NYSE Photo Highlights: NYSE-listed companies, Trading Floor moments, Leadership events.
- NYSE Original Content:
- Floor Talk: Exclusive interviews with industry trend-setters and innovators.
- Inside the ICE House Podcast: Conversations with CEO, founders, and leaders.
- Taking Stock: Go face-to-face with visionary entrepreneurs who are redefining sectors.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology , we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity.
Video – https://mma.prnewswire.com/media/2586079/NYSE_Market_Update_Week_Recap.mp4
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View original content:https://www.prnewswire.co.uk/news-releases/nyse-content-advisory-pre-market-update-and-weekly-recap-december-20-2024-302337332.html
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