What is Compliance and Why SMBs Should Care About It

If you're a small or medium-sized business owner, you might be puzzled about compliance. What does it mean, and why should you care? You might think that compliance is something that only big corporations have to worry about. Or maybe you are concerned about it, but you don't have the resources or the time to deal with the complex and constantly changing regulations and standards, so you’ve put it on the back burner.  

In this blog post, we demystify compliance and explain why it is important for SMBs to prioritize it. We will also show you how using a trusted partner can help you solve the compliance puzzle and achieve your business goals. Finally get the answers to these questions: 

• What is Compliance? 
• Why do SMBs Need to Prioritize Compliance?   
• How to Achieve Compliance for Your SMB    

 What is Compliance? 

Compliance is a term that is thrown around a lot in the business world, but what exactly does it mean? Compliance refers to the act of conforming to established rules, regulations, and laws.

These rules and regulations can come from various sources, such as the government, industry associations, customers, suppliers, or even your own internal policies. In other words, it's the process of ensuring that your business is following all the necessary guidelines and protocols to operate legally and ethically.  

Compliance is like a puzzle: it can be hard to figure out, but it's satisfying when you complete it. But what if you don't have all the pieces, or you don't know how to put them together? Or worse yet, a 1000 piece puzzle of 100 Dalmatian dogs that is all black and white! That's when compliance can become a headache for small and medium-sized businesses (SMBs).

 Compliance may seem like just another bureaucratic hurdle to overcome, but it's a crucial aspect of running a successful business. 

Effective compliance begins with understanding the compliance requirements for your industry per location. Here are 4 common compliance frameworks that may apply to your business: 

Why do SMBs need to prioritize compliance? 

We are seeing a trend at BEMO – more and more of our customers are seeking compliance. Some factors that are driving SMBs (small and medium-sized businesses) to seek compliance are: 

How to Achieve Compliance for your SMB  

Compliance can seem like a daunting puzzle with many pieces that need to fit together. You may feel like you don't have the time, resources, or expertise to figure it out on your own. You may also feel like you don't have a clear picture of what the completed puzzle should look like. Unlike larger businesses, SMB owners lack the luxury of a dedicated compliance team. Learning and keeping up with constantly changing federal, state, and local regulations pulls time away from the core business focus.  

That's where a trusted partner, like BEMO, that specializes in managing security and compliance can help. BEMO can help you achieve compliance by: 

BEMO’s main goal is to enable SMBs to enjoy the benefits of security and compliance without the hassle! 

Wrap-up 

In conclusion, compliance is crucial for SMBs because it helps them avoid legal penalties, build trust with customers, improve data security, and stay competitive. By prioritizing compliance, SMBs can ensure that their businesses are operating legally and ethically, which can lead to long-term success. A trusted partner can help you solve the compliance puzzle by providing you with a clear vision, a comprehensive plan, and a reliable execution. They can also help you use compliance as a strategic advantage rather than a burden. Compliance is not something you can afford to ignore or postpone. It is a vital part of running a successful business in today's complex and dynamic environment.  

Check more in detail information about our Compliance Solution here.

BEMO can partner with your SMB to achieve and maintain security and compliance in the Microsoft Cloud with ease.  We handle it all, from managing the necessary security and compliance controls, the entire audit process, getting your certification, ongoing monitoring and maintenance, and all the other details. We will provide you with the tools and solutions you need to achieve and maintain compliance. Whether you need to comply with SOC 2 (Type 1 and 2), ISO 27001, NIST 800-171, HIPAA, or another standard, BEMO can help you simplify and streamline your compliance processes. 

Don't let compliance puzzle you - let us help you put the pieces together. Download our Compliance Solutions Brief for details.