Technology within Your Small Business Plan
You and your team have just spent hours developing your business plan. Important sections are now in place – market analysis, financial plan, strategy and implementation summary. Your business plan evolved from examining your strengths, renewing your vision and strategic focus, establishing your goals, and laying out a step-by-step plan for improving sales, gross margin and profitability.
Is anything missing? Perhaps technology. Overlooking the importance or impact of technology in your business plan is an error you cannot afford to make. Technology is indispensable in running practically any business today, from handling routine business operations such as maintaining financial records, to processing orders and connecting with suppliers and customers. Your choice of which technology to implement depends on how you see your company growing and changing in the future. Consider technology that is flexible enough to grow with you, yet simple enough not to be cumbersome for end-users. Your needs may be simple enough to be satisfied with off-the-shelf software or you may need help identifying industry-specific software. Your technology decisions can be facilitated by engaging the services of an IT consulting company.
Some considerations that could affect your choice are product functions/features, ease of use, cost, security and integration with existing systems. Compare features to determine the essentials and the non-essentials. Resolve any compatibility issues with existing data or systems. Examine your business processes and identify functions that require or could benefit from technology. Integrating technology into your business plan must be based on a solid understanding of where you are and where you want to be.
An IT consulting Los Angeles company can highlight how technology fits within your organization and complements your business and competitive strategies, objectives, and measures of success. It will help integrate technology into your business plan to ensure that your IT strategy is aligned with your business needs.