Note: Running Fridays in FromGregsHead.com, is a continuing series of tips brought to you by Greg Price. These run Saturday mornings during the BusinessMaker’s Radio Show on KPRC 950AM. Audio files can be found on the PKF Texas – Entrepreneur’s Playbook® page of the PKF Texas website.
As we emerge from the recession is your company is in the best position to take advantage of new opportunities in the marketplace?
Many entrepreneurs used the downturn in the economy as an opportunity to reinvest in their technology to run their business better, faster and cheaper. If updating your technology has been on the back burner, now is the time to take a look at your current business applications.
Meet with your management team to discuss the following areas that IT can support:
• Where are the areas with constant pain points?
• What new products are available for your industry?
• What are you missing that will increase productivity and better serve your clients?
• How will a new system/process save you in the long term? And what type of investment can you handle to get that new system or process?
By improving your processes and leveraging your technology, you can streamline your business, becoming more efficient and responsive to opportunities. And, as a result grow, your company will move past your competitors and better position itself in the market place.