Technology Planning

A short dialog on Technology Planning from the BusinessWeek blog, including comments from Profitable Growth Partners Managing Partner, Randy Bancino:

As with other important aspects of your business, you need to create a master plan for your technology purchases just as you would draw up a business plan, a budget, or a marketing plan.
Start by determining your company's needs. Look at what problems need to be solved and how technology can help. Design a plan that supports your business strategy and goals. Use it to guide technology buying decisions.

Think of technology purchases as investments, not costs. And, remember, when you have an overall plan, your company avoids wasting money on unnecessary purchases or quick fixes.
Finally, get expert help to guide you. Check your Yellow Pages under "Computers-System Designers & Consultants," or ask your local chamber of commerce. As always, get references.

Ken Yancey

CEO

SCORE

Washington D.C.

Comments:

Mr. Yancey provides some excellent advice on investing in technology for a small business. My perspective is significantly different now as a small business owner than it was when I was the CIO for a multi-billion dollar, multi-national firm. As a small business owner, I generally attempt to limit my technology investments to only those items I truly need, and are when they are relatively simple to use and support. More sophisticated technology typically requires ongoing support that simply is not a wise investment for a small and growing firm.

Randy Bancino

Profitable Growth Partners, LLC.