Small Businesses Should Use Password Managers For Business Continuity

Small business owners often wear many hats in their own company and keep a lot of information in their heads, including login details to a multitude of online accounts that their businesses rely on. Having a password manager to store usernames and passwords for these accounts can help keep their businesses going should anything bad happens to them.

Image: Shutterstock

Over at small business blog Flying Solo, Matthew White, owner of a small online retailer, wrote about putting in place contingency plans should anything unfortunate happen to himself. When you’re working in a large organisation, you have the luxury of calling up the IT department for password recovery. It’s not so easy for small business owners. White recommended using a password manager to assist in business continuity in his absence:

“I shudder to think of all the various password and username combinations that are required to access my business’ back-end systems — On last count, it was nearly 200.

“My advice is to get a password manager tool that stores all your login details in one place, and can be unlocked with a master authentication process… Just remember to tell someone the main login key!”

We have reviewed a bunch of password managers in the past. You can read up on them here.

If you’re a small business owner, do you have any contingency plans in place in case you get hit by a bus? Let us know in the comments.

[Via Flying Solo]

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