November 28, 2017
An new business blog from ItProPortal advises firms on how to reduce “precious overhead costs” by paying attention to the small things when investing in technology.
Rob Clark, Epson Europe’s Vice President of Marketing, reveals that “the latest available data from Eurostat shows that the one-year survival rate for newly created enterprises is about 80 percent, after which it drops significantly”. He explains that one of the main causes for this failure of new businesses is running out of cash, even if they started off by taking precautions and instating “a sensible budget”. Frequently, it is because of “small, unforeseen expenses”, which mount insidiously, until suddenly companies find themselves with a decimated bank balance and a woeful bottom line.
So, how can business owners ensure that these small expenses don’t build up?
Clark advises decision makers to start “by noting that the small stuff can be linked to technology choices that are made right from the beginning.” He describes Epson as “constantly working on innovations that meet our customers’ needs” as well as simultaneously focusing on “contributing positive results to our customers’ triple bottom line”.
He gives the following tips on enhancing a firm’s cost-cutting by investing in “efficient workplace technology”.
With business success or failure relying ultimately on the maintenance of “a healthy bottom line”, firms need to ensure they are keeping their operational costs “under control”, as well as selecting the right partners, products and suppliers “when it comes to workplace technology”. Instituting these practices and making “the right decisions early” can all have a major impact on the overall success of your firm.
Categories : Around the Industry