Top 3 Ways For SMBs To Cut Tech Costs? - InformationWeek
IoT
IoT
Government // Mobile & Wireless
Commentary
11/5/2009
10:06 PM
Fredric Paul
Fredric Paul
Commentary
50%
50%

Top 3 Ways For SMBs To Cut Tech Costs?

Today's Wall Street Journal offers small businesses a trio of tips on how to cut spending without hurting your business. And -- surprise -- it uses a bMighty Mid-Market Hero as an example!

Today's Wall Street Journal offers small businesses a trio of tips on how to cut spending without hurting your business. And -- surprise -- it uses a bMighty Mid-Market Hero as an example!The Journal piece, by Raymund Flandez, offers a peek at mainstream thinking on small business tech spending. The tips won't shock any small business person, but they're still good ideas. So, what are they?

1. Do an audit of your technology inventory. Flandez doesn't mean count your PCs and software packages, but figure out what you've got and what you really need going forward.

2. Try Web-based software for specific tech tasks. Flandez smushes together virtualization with cloud computing, but he's right that renting can be cheaper than buying for cash stapped companies. He's got to be right, after all. He cites Innovations International, which bMighty profiled back in August: Mid-Market Heroes: Why -- And How -- One Brick-And-Mortar Business Went Virtual.

3. Renogitiate vendor contracts. Everybody's scrambling amidst hard times, and many vendors will cut you a deal rather than lose your business. It never hurts to ask. And to be willing to walk if you can get a better deal. I'd remind SMBs, though, that engaging in a race to bottom could save some money short term, which can make a big difference, but if and when things improve you may find yourself customer non grata with vendors you tried to low-ball. Plus, if you're going to put the hammer on your vendors, you can bet your customers will be doing the same to you.

It's nice to see the Journal trying to help small businesses with their technology needs, but maybe their SMB reporters like Flandez need to call in their tech gurus like Walt Mossberg. After all, just because someone runs a smaller business doesn't mean they're not tech savvy.

Don't Miss: Financial Crisis Survival Kit

Follow Fredric Paul on Twitter @ http://twitter.com/TheFreditor Follow bMighty.com on Twitter @ http://twitter.com/bMighty Put a bMighty toolbar on your browser Put a bMighty gadget on your iGoogle page Get bMighty on your mobile device

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of the Cloud Report
As the use of public cloud becomes a given, IT leaders must navigate the transition and advocate for management tools or architectures that allow them to realize the benefits they seek. Download this report to explore the issues and how to best leverage the cloud moving forward.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of November 6, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll