7 Reasons Why Your Startup Needs This Password Manager LastPass Teams simplifies password management while providing much-needed peace of mind.

Your laptop. Email. Wi-Fi login. Social media accounts. Software licenses. Virtually every app and platform you use for work. As a solopreneur or small-business owner, there is an increasing number of passwords you need to remember just to get through the workday.

That's just the start. In your personal life online, there can be even more passwords that you need to keep track of. Every app and platform you access (e-commerce, school, investing, health insurance, etc.) requires a password. And for good reason.

Small businesses are a regular target for malicious hackers and a common entry point for digital thieves is stolen or weak passwords¹. The solution to this issue is twofold. First, ensure that you and all your employees use long, random, and unique passwords.

Second, consider utilizing a password manager such as LastPass Teams to help generate strong passwords to help keep your sensitive business data safe. Storing passwords in an Excel file doesn't cut it anymore. A password manager creates, securely stores, and automatically fills in passwords; the only password you need to remember is for the password manager itself.

LastPass Teams is an entry-level password management solution that's designed specifically for small businesses and self-employed professionals who are just getting started with password management.

There are numerous ways startups and solopreneurs can benefit from a password manager like LastPass Teams. Here are seven reasons to consider:

1. Ease of use. LastPass Teams auto-generates long, random, and unique passwords and saves them all so you don't have to. And with one-click autofill, you can login even faster than before.

2. Increased security. Passwords are stored in an encrypted vault, protected from unauthorized access, account takeover, data breaches, and more. Additionally, companies can choose from up to 25 security policies to meet their team's specific needs.

3. Device syncing. LastPass makes credentials easily accessible across your systems or devices—which is perfect for work and personal life.

4. Manage multiple employees easily. Each user gets their own encrypted vault, featuring key functionalities to make password management easy. With admin console access, owners can easily add and remove team members, set security controls, enforce restrictions, and configure team policies.

5. It's scalable. LastPass Teams supports up to 50 users, which can be helpful for small teams that are looking to scale.

6. It enhances collaboration. Boost workplace efficiency and productivity among internal and external teams through features like effortless credential sharing and secure note and folder file sharing.

7. Access from anywhere. No matter where your team works, automatic sync means they always have their passwords with them, from any device or location.

With small businesses and small budgets top-of-mind, the standard LastPass Teams plan is just $4 per user per month (billed annually). That's a lot of security and convenience for a small fee.

Click here to learn more about LastPass Teams and start your 14-day free trial today.

^{1 Require Strong Passwords (CISA)}