Is your network infrastructure a Frankenstein’s monster of mismatched tools and quick fixes? This is what most small business IT looks like; companies adopt solutions without a thought as to how they are supposed to work together, and it ultimately ends up impacting operations. This creates tech debt, and not the monetary kind, that is hard to bounce back from without taking a serious look at your IT practices.
To many business owners, modern technology feels like a black hole; a recurring line item that keeps getting more expensive without ever making life noticeably easier. If you have ever felt like you are buying software just to keep up rather than to get ahead, you are not alone. The goal should not be to buy more IT. The goal is to capture value. Here is how to bridge the gap between technical complexity and business growth.
Today’s business technology is like operating in the wild west. It’s expansive, fast-moving, and if you aren’t careful, it can gallop away from you before you even realize it’s gone. Between SaaS sprawl, underutilized hardware, and hidden maintenance fees, many companies are overspending by 20-to-30 percent on their entire technology stack. That’s a lot of money. It’s time to saddle up and start earning some savings. Today, we wanted to give you a guide of sorts that can help you round up your expenses and bring your technology budget back under control.
Business owners have a lot of duties and responsibilities, and while you can hire a lot of people to cover some of the more stressful ones, it might feel strange to outsource your company’s technology management. You know IT is important, so that’s why you feel like you have to do it yourself, or at least in-house, but in reality, you’re the last person who should be working with your technology—and we’ll explain why.
There’s a specific stress that comes from the disconnect between the money you invest in your business IT and the value that comes back from it. Sure, you know what the money is being spent on… but that’s a far cry from knowing how these investments are shifting the needle. Let’s discuss the importance of understanding what your IT is telling you and when you need to demand more information… politely, of course.