Creating a business plan is one of the most important steps that any entrepreneur can take, but many are at a loss of how to integrate technology into these plans. Whether your business plan is to help you generate seed money through investors or simply designed to be a road map, here is a closer look at the role that technology should have within these outlines and how this may affect the future of the company.
Studies carried out on over 3,000 business owners have shown that those with a comprehensive business plan are twice as likely to get an investment or loan, but many are unsure of how various aspects of their company can be folded into these plans.
When it comes to technology, it is important to consider three aspects. This includes hardware costs, software costs, and the cost of maintaining the technology. Will you maintain your technology on your own, or would you prefer to use managed IT services in San Diego? In most instances, this information will be researched and then added to the total costs of creating the business and will alter how much is needed from investors or in loans.
During this process, owners will need to factor in a number of variables including the need for “off the shelf” products or technology that has been custom-made for the business. Another variable that must be considered is the security of business network and technologies, and if they can grow alongside the company. A personal laptop with a few new programs may work in the beginning, but will it remain viable in the coming months and years? Owners need to consider factors such as the ease-of-use of the technology, how secure it is, its initial cost, and its ability to be upgraded.
In the end, technology needs to be treated like any other initial expense for an up-and-coming company. Only around half of all new businesses are going to survive for five years or longer, but those that utilize a well-constructed business plan that seamlessly integrates technology will be putting themselves at an advantage right from the beginning.
If you need assistance in evaluating and adding technology to your business plan, reach out to Syndeo Communications today. Our expert IT consultants can help conduct an audit of your business and provide valuable advice in terms of what technology would best benefit your individual needs. Our consultants can even provide insight into what you might want to plan for in the future, such as reliable San Diego IT support that grows alongside your company, or additional upgrades for phone systems or computers that can help streamline your tasks. To schedule a complimentary consultation, call 760-650-3300 today.