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Updating your business technology can be a large investment, however, not doing it could be costing you more. Outdated technology can negatively impact productivity and increase repair expenses. It’s a big mistake to think you’re saving money by using outdated hardware and software.
Instead of going out and buying all new tech, consider striking a balance. Get some advice about what is still viable and continue using those until they are obsolete. Try not to get shiny object syndrome when shopping at electronics stores or trade shows. Truthfully, you don’t need everything that comes out on the market to be successful. Here are a few ways to know when it’s time to upgrade business technology.
Ask Your Employees
The first place to start is with your employees. They’re the ones who use the equipment and technology on a daily basis. They be able to give you feedback about how well the systems work. You can easily fit this into your normal employee feedback sessions. If they tell you there are no problems and the technology is appropriate, it’s likely OK to stick with what you have for now. If they complain that their computer runs at a snail’s pace and it takes them forever to get anything done, consider upgrading or, at least, getting things checked out by a professional.
Speak to an IT Consultant
A slow computer is easier to spot, but it’s harder to know whether you would benefit from updated software. If you are unsure, you should speak to an IT consultant (visit https://www.techsquared.com/ for more information) and get their opinion. They will do an audit of the business and let you know where you need to make improvements where tech is concerned. They will also help you find the right tech for your business so you don’t waste money on things you simply don’t need.
Look for Gaps
Business technology is there to improve your company and make things easier for you and your employees. The key is to invest money in things that actually improve your business in some way. Technology is expensive and it’s important that you see a return on your investment. I recommend tracking productivity and sales in ways that show how your current tech helps or hurts.
Look for gaps in the business and areas where you struggle. From there, you can invest in technology-based solutions to those problems. For example, if your sales team is struggling to find new leads, you could benefit from lead generation software. If you are finding it hard to stay on top of your finances, invest in some accounting software. You get the idea.
