On the 10th day of Business Planning my true love gave to me… TECHNOLOGY and EQUIPMENT!
Here’s a facet full of things we tend to take for granted. If your business is to run smoothly, it’s important that your technology and equipment are efficient, so that they truly leverage your time and resources.
Consider the following questions:
- Is any of your hardware outdated and restricting speed and efficiency, and hence profitability?
- Are you missing a key piece of hardware or a software application that could make someone on the team’s job easier?
- Does an application exist today that wasn’t available even a year ago that could streamline disparate tools that you’re using now?
TIME to STOP, walk around your office and document EVERYTHING by purchase date, amount, serial number etc. You may need to invest in new technology/equipment. This will filter directly into your Financial facet for your budget. Take stock of what you have and maintain that inventory so that annual review is simpler, and you can budget for future upgrades and equipment obsolescence. Also consider any training available for new technologies to shorten the learning curve.
Be on the lookout for YOUR Day 11 of the 12 Days of Business Planning!
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