How much money are you OK losing?
If you were to ask most people how much cash they're OK with losing, the answer would be zero, but if some pocket change goes missing they're not overly distraught by the event. What if your business is overspending on technology by $410 per month? A bit disconcerting isn't it?
You can protect yourself from much hardship in life and business with insurance. It's money well spent when something unavoidable happens. Similarly, every business owner will have technology expenses that are unavoidable, but by simply having help to make the right choices, you can dramatically cut losses.
The reality is, $410 per month is a low average. Most small business owners are needlessly overspending by much more than that amount every single month, because they have been misled into purchasing technology and services that never pay for themselves.
If you're a small business owner, here's a list of the average amounts after taxes and fees you are likely spending on your technology, just to "Keep the Lights On" as it's said:
- $101/month for a single small business line. Possibly more if you use a mobile phone exclusively (don't forget those long distance charges and fees). This doesn't include your home phone, so often the bill is well over $200/month.
- $73/month for internet access
- $180/year for Microsoft Office
- $1250/year due to data loss. This is a very conservative estimate, actual financial losses could go into several thousands of dollars depending on your business, the amount of data lost and the importance of the data lost.
- Neglecting to secure your privacy on those "Free" WiFi hotspots and the security of any data you store online. Damages due to loss or theft have great potential to cause nearly immeasurable consequences and permanent damage to your business and personal finances.
- Don't forget to include what you spend on Cable TV every month. For most, this is not a business expense, but it's a huge technology expense that is commonly forgotten about since it's usually bundled in with internet and phone. Many people don't know what they pay for individual phone, cable and internet services each month, and the amounts are staggering.
Without the right choices, you could easily be overspending by $5000 or more per year. No one wants this, but you either weren't aware of the better choices that add value for less money, you just don't have time or you don't know where to start.
This is where I can help you. On average you will save:
- $510 to $2100/year less expense for much better phone service, with an incredible list of easy to use features.
- $475/year less for fast internet with greater usage allowance
- $180/year less on Microsoft Office
- $1150 to $1250/year less thanks to secure data backup. The actual savings is much greater since you won't lose your work and time spent.
- Potentially many thousands of dollars are saved by using secure means to access and store data online.
- $800/year less on average in entertainment costs.
In total, a very conservative estimated savings of $4914/year is possible. This doesn't include potential savings by using the right Web Conferencing software instead of always travelling to client meetings. Put an end to paying huge monthly bills for technology, and put technology that pays for itself to work for you.
Contact me and I'll help you make the right choices for you, and your business.
647-391-4357 or doug@ihelpinnovate.com
Follow me on Twitter @dougkrug
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