How To Get Your Business Organized With A Password Manager

by Rachel Steininger

minutes |  words

The risks start stacking up quick...

  • Waving the sheet around the Zoom screen, one explained that his spouse had specific instructions to find this in the bottom right drawer of his desk should something happen to him.
  • As I waited patiently for my client, she said "if it's not that, it's gotta be this" to explain the delay as she went hunting frantically across the Post-It notes on her desk.
  • And then there was the time my son broke into Grandma's phone to play games having figured out that she has the exact same 4 digit pin as me and my sister.

You may get super worried your employees will figure out how much your firm is bringing in or the amount their colleagues get paid (a topic for another day).

You might keep your goals on the down low worrying that someone will criticize them or call you out (a far more reasonable concern).

But in the meantime, access to millions of dollars in revenue and potentially confidential information are sitting in your bottom right desk drawer waiting for a bad actor or a curious kid to come along?

If you haven't adopted one yet, it's time for a password manager, not a sheet of paper or the same pet name-birthday variations you've been using since high school.

What a Password Manager gives you

Using a password manager means the following:

  • Remembering one main password that opens you up to all your accounts with biometric data and 2FA built in
  • Being able to generate highly customized and secure passwords at the drop of a hat that don't rely on your memory (or Post-Its) to keep track of
  • Utilizing the passkey functionality being offered by many websites which is even more secure than passwords
  • Passing along application access, but not your actual password, to new or contract employees
  • Being able to group or turn off access quickly and easily
  • Having a backup plan with set people, time triggers, and access protocols in case the proverbial bus comes along

The result is peace of mind

If you have a Managed IT Service Provider, they'll be happy I brought this up.

Many of them include this as part of their service offer to you. And if they don't, I'd question them about it!

Adding and revoking access privileges gets much easier, your data is more secure, and you can stop worrying about how your administrative assistant might be letting guests float in and out of their home office space (aka the corner of the living room) on Friday nights.

Stop messing around and start requiring a password manager for yourself, your employees and your contractors.

It's peace of mind for your passwords and your profit.

If you're not sure what else in your business is held together by a Post-It, that's usually where I start.  


about the author
Rachel Steininger

As a Fractional COO and the founder of Upward Acceleration, Rachel builds the operational infrastructure that turns what founders envision into what their business can actually do.

This article was first published as Rachel's COO Insights, a section of the weekly Upward Acceleration newsletter. Written without the use of AI.  

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