Why Your Business Needs Technology To Compete

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Why Your Business Needs Technology To Compete
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• Businesses today simply struggle to survive
  unless they make the most of the advances in
  technology made available to them, and computers
  and information systems have become essential
  aspects of running a business of any size. To
  ensure that your business is competitive, the
  bottom line is that you need to be using
  technology.
• Technology may cost your company more initially,
  but youll soon begin to reap the rewards

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• What are the benefits of technology for
  businesses?
• Your customer base can be extended greatly with
  technology, enabling you to reach a wider
  audience and work on developing new and lasting
  relationships with potential customers.
• Your operational costs can be streamlined and
  even reduced with the use of technology. Waste
  can be minimized, profits can be maximized and
  your business can perform more efficiently.
• Overall, you should be able to give your
  customers a better service, enable them to give
  you important and useful feedback to guide your
  business in the future, and

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• help nurture and support better relationships
  with partners.
• How much should a business spend on technology?
• There are several categories to be considered
  when thinking about the costs involved with
  technology for your business, and these include
• Start-up costs
• The initial costs to be considered are those
  associated with hardware, software and staff
  training to use the new technology

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• Ongoing costs
• New technology systems must be maintained and
  there will be the ongoing cost of software
  licenses, hosting and tech support
• Upgrade expenditures
• All technology systems need to be upgraded, and
  the costs will depend on how often this needs to
  happen

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• Evaluating the cost compared to the benefits
• Many tech systems will save you time and money,
  but just how much will depend on what system you
  have, and how much new business it can generate.
  You will also need to calculate the potential for
  lost revenue if you choose not to implement a new
  technological system.
• Where should your technology budget be spent?
• Again, a lot will depend on the industry that
  your business operates within, but in general,
  most businesses will allocate around 50 of their
  tech budget to infrastructure, including
  computers, equipment for networking and Internet
  Service Providers, or ISPs.

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• When should you think about implementing new
  technology?
• Not spending more than is feasible for your
  business on new technology, is naturally
  important, but at the same time, you need to
  implement enough to be able to see the benefits
  and ensure that you dont miss out on
  opportunities.
• How do you go about choosing the right technology
  for your business?
• Seeking professional help to guide you through
  the process of implementing new technology, may
  be the simplest and most cost-effective way of
  doing it. They will be able to advise you as to
  what free software you can take advantage of,
  whether to use a hosted system and help you make
  many other informed decisions.

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• Staying ahead of your cashflow and keeping on top
  of payroll are major distractions for most
  businesses, but not keeping up with technology
  and thinking about it in a strategic way, could
  see your business plan quickly begin to fail.
• Koza Consulting Group, headquartered in San
  Diego, California, is a premier provider of
  strategic HR, IT, Bookkeeping and Payroll
  solutions specifically developed for small and
  mid-tier companies. If you are looking for
  payroll services in san diego or business
  consulting in san diego, Visit us at
  https//www.kozaconsultinggroup.com