Financial experts have some bad news. Wholly eight out of 10 new business will not make it through their first 18 months, Forbes reveals. The grim odds leave many entrepreneurs walking on eggshells, not quite sure how to proceed. There is some good news, however. Key technologies can boost your companies success, making it vastly more likely that you will fall within the lucky 20%. What are these key technologies?
Cost Saving Cloud Computing Software
“Data space can be a huge issue for small businesses. But you don’t need to purchase [an] expensive kit to get around this. Many small businesses are opting to outsource data storage,” The Telegraph explains. Communicating a great deal of information quickly and efficiently is more than possible, with the right cloud computing software. Choose cloud computing software to avoid expensive server hosting and keep employees in the loop whenever they go.
Product Lifecycle Management Systems
Paying for unnecessary items, products, and/or services can easily ruin a small, startup company. Keep a tight budget, and only pay for what you have to. Invest in efficient PLM solutions to track the value of products and services every step along the way, from introduction and beyond. The same technology can also track digital services, such as applications, to help you determine if and when they are the most profitable.
Up-To-Date and Reliable Security and Backup Tools
One of the very worst places to skimp on costs is data security. The future of your company relies on carefully protecting digital and online systems. Encrypt data whenever possible. Backup all data in the event of system failure. Remember to implement a thorough internet security program to reinforce security software. Not all of your employees will be able to recognize phishing scams and emails at face value, and it is very wise to teach them how to do it.
Invest in the lasting success of your startup company with three key technologies. Save considerable money on data storage with efficient cloud computing systems and carefully monitor products and expenses with PLM solutions. Helpful links.