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Should My Small Business Hire a Managed Compliance Provider?

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Running a small business or startup comes with its own set of challenges—from scaling operations to securing new clients. But as your business grows, so does the need for robust security and compliance measures to protect what you have built. You may find yourself wondering, "How do I keep up with these ever-evolving standards without sacrificing too much time or resources?"  

Compliance frameworks like SOC 2, ISO 27001, NIST 800, HIPAA, and CMMC are critical for protecting your small business, but do you know how to ace them? 

Think of it like this: managing compliance yourself is like trying to fix a leaky roof without the right tools or expertise. Sure, you might patch it up, but chances are, bigger problems will eventually surface. A Managed Compliance Provider gives you the peace of mind and efficiency you need by expertly handling all aspects of compliance, allowing you to focus on what truly matters—growing your business.  

Don’t bother yourself with DIY approaches, in this article you will learn about: 

 

What is a Managed Compliance Provider?  

A managed compliance provider is more than a service —it’s the people power required to expertly navigate the challenging journey of compliance adherence. With various providers offering a spectrum of services, from basic assessments to comprehensive solutions, businesses face the crucial task of identifying the right partner to complete their compliance puzzle. 

Whether your business is working toward SOC 2, ISO 27001, NIST 800, HIPAA, or CMMC, Managed Compliance for small businesses or startups ensures you're on the fastest pathway to get compliant while keeping your core focus on business growth. 

A managed compliance provider is your strategic partner. They offer expert guidance and solutions to navigate and maintain adherence to complex compliance standards, ensuring security and success for your small business

A managed compliance provider is your strategic partner. They offer expert guidance and solutions to navigate and maintain adherence to complex compliance standards, ensuring security and success for your small business. 

 

Why Your Small Business Needs a Managed Compliance Provider  

Achieving and maintaining standards in data security, integrity, and privacy require a specialized approach. This highlights the need for a seasoned team of experts by your side.   

This is precisely where managed compliance services play a pivotal role. These solutions encompass a thorough review of management practices, policies, and technical security controls, ensuring a comprehensive compliance audit of your IT infrastructure and overall business security posture.   

Does it sound like a lot? That’s because it is. But your managed compliance provider can use compliance automation for small businesses or startups tyo help ease the workload. It reduces manual tasks, allowing you to focus on scaling your business instead of worrying about audits.  

 

Benefits of Managed Compliance Services for Startups 

Tackling compliance independently is like attempting to create a garden with little to no knowledge of plants, soil, or care requirements—potential for overgrown weeds, wilted plants, and an unkempt landscape is high.  

Collaborating with a managed compliance provider is like hiring a professional landscaper. An expert who understands the bigger picture of the compliance ecosystem, provides the right tools, keeps pests out, and cultivates a garden that's flourishing and well-maintained.   

Let’s go over the benefits to small business of partnering with a managed compliance provider:  

1. Expert Guidance brings Peace of Mind:

The main purpose of having a managed compliance provider by your side is for them to take care of all the details regarding compliance for your small business. Since they are the experts, they have the vast knowledge to manage your projects, review and test your security controls and policies, and help you fix (remediate) gaps in security. This will give you peace of mind knowing that they’ll get the job done correctly.  
 

2. Cost Savings:

Leveraging a managed compliance provider for your small business can result in significant cost savings compared to building an in-house compliance team. With the average cost of building an in-house compliance team ranging from $492,000 to $820,000 yearly, depending on your business size and objectives, it is definitely worth looking for other options.    

(If you’re interested in a close-up budget comparison, check out our article Why Choose BEMO as Your Managed Compliance Provider?)

Time Savings:

Besides the monetary investment, tackling compliance requires time and effort – something small businesses often have in short supply. By having a third-party supervising and leading managed compliance tasks, you gain back time to focus on core business activities. 

  

If you want to protect your small business and close more deals, it’s time to consider Managed Compliance as the solution.

Don’t let compliance be the thing that holds your startup back; let it be what propels you forward. 

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