If you’re a business owner, then you’ll know just how expensive it can be to keep up with the ever-changing technology. Technology is continuing to advance rapidly with each new development being even more expensive than the previous. It’s a difficult position for many businesses as they can’t afford to keep using the newest technology, but in competitive markets, they can’t afford not to either as this will allow their competitors to gain a competitive advantage and could eventually lead to bankruptcy. Once you accept that your business needs the newest technology then the next question for many business owners is what else they can do to reduce their tech costs. Whilst it is important to not jeopardize the performance of your business by cutting corners when it comes to technology, it is also important to reduce costs as much as you can. The whole purpose of a business is to make money so reducing costs is a high priority, it is a particularly high priority with tech too as this is one of the most expensive areas of business. Luckily, if you’re struggling to find ways to reduce your tech costs without affecting your business then we’ve found 6 great tips for you.
Use a Virtual Private Network
A Virtual Private Network is commonly referred to as a VPN. The cost of a VPN massively varies, some can be very expensive and even the cheapest ones are quite costly for a business. However, there are many great reasons why you should consider investing in a VPN for your business. Most people know that when you use a VPN you’re increasing your security online but that is all many people know when there’s a lot more to a VPN. Some of the other great things that come with using a VPN you can hide your private information, escape from data-throttling, avoid censorship, and have more freedom abroad. These are all great things for businesses and although they’re expensive they do help to reduce costs as you can cut back on things like security elsewhere. It can be hard to find a suitable VPN, we would recommend Nord VPN and if you don’t trust us, you can read this review of nord vpn and it will have all the information you need.
Look at Your Software
The most popular software licenses amongst businesses are Microsoft Office 365 and Adobe Photoshop, many businesses pay a large amount of money in subscriptions to these companies every year making this a good place to start for cutting costs. The first tip here is to check what software you’re paying for and see if you’re employees are still using it, if you have any software that isn’t used frequently then canceling these is a great cost-cutting method. As for software’s that you’re using you should check if there are any new deals or offers for the same service as often prices drop over time, or if you need to upgrade to a newer service sometimes you can get great deals that work out cheaper.
Look at Your Hardware
Hardware is one of the most important aspects of technology in your business to help your business perform efficiently. However, hardware often gets overused and begins to run much slower than when you originally purchased it. This can be extremely costly as if everything is running slower then it will use more employee time and as every business owner will know time is money. Upgrading your equipment will pay for itself in a short amount of time and will start cutting your monthly costs in no time at all. If your hardware doesn’t need upgrading, then you can try and link it together with your computers as this will replace expensive server equipment.
Consider your Internet Services
Internet services are vital for any business as the internet is used every day by employees, so you won’t be able to cancel your subscription to this service. However, you may still be able to cut costs by considering some things like if you should rent or buy modems and routers, if you’re paying for higher speed internet than you need and if there are any bundle services you may be able to purchase instead.
Many businesses have an onsite IT team in case of any IT emergencies that need to be sorted quickly, if your business has an onsite IT team then there are ways to cut costs here. Having an onsite IT team is costly and there isn’t always work for them to do, to make it cheaper you can consider outsourcing your IT needs. With outsourcing instead of paying salaries, you’ll be required to pay a monthly fee and then you’ll have access to all of the services that you need including IT help desk support, disaster recovery, and backup.
Use the Cloud
Cloud computing is becoming extremely popular as it is a fantastic way to save money for your business. Running software of the cloud usually costs only a fraction of the cost of running it on an on-premise setup and it can also be used for data backup which can often be expensive. If you’re already using the cloud then you may still be able to cut costs by considering things like if you’re paying for more storage than you need and if you’re taking full advantage of all the features.