Technology Planning

Posted by: Today's Tip Contributor on January 25

As with other important aspects of your business, you need to create a master plan for your technology purchases just as you would draw up a business plan, a budget, or a marketing plan.

Start by determining your company’s needs. Look at what problems need to be solved and how technology can help. Design a plan that supports your business strategy and goals. Use it to guide technology buying decisions.

Think of technology purchases as investments, not costs. And, remember, when you have an overall plan, your company avoids wasting money on unnecessary purchases or quick fixes.

Finally, get expert help to guide you. Check your Yellow Pages under "Computers-System Designers & Consultants," or ask your local chamber of commerce. As always, get references.

Ken Yancey
CEO
SCORE
Washington D.C.

Reader Comments

Randy Bancino

January 26, 2007 02:31 PM

Mr. Yancey provides some excellent advice on investing in technology for a small business. My perspective is significantly different now as a small business owner than it was when I was the CIO for a multi-billion dollar, multi-national firm. As a small business owner, I generally attempt to limit my technology investments to only those items I truly need, and are when they are relatively simple to use and support. More sophisticated technology typically requires ongoing support that simply is not a wise investment for a small and growing firm.

Randy Bancino
Profitable Growth Partners, LLC.

Jakim

March 14, 2009 02:05 PM

I plane to start my own business.I plane to be a manufacturer of essential oils from very clear and very ecological plants like juniper berries ,mint leaves, pine needles,chamomile flowers,as raw materials.I am technologist and I have experience in this job, but I have no starting capital. How can I solve this problem?
Best regards, J.Pavlov, Skopje, Macedonia

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