Open your Profit & Loss statement. I'm willing to bet that the IT line is sitting squarely in the expense column, right next to rent, electricity, and paper towels.

For many business owners, IT is seen as a necessary evil; a cost center, a black hole they just have to throw money into. When you see a technology bill, you get that double-take and cringe. Your primary goal is to minimize this cost; often to the point of avoidance.

Here is the hard truth: from an IT professional's perspective, this expense mindset is holding you back and is, ironically, one of the most expensive ways to run your business. It's time to take that IT line, scratch it out of the expense column, and rewrite it under investments. This one simple change in perspective will unleash your business' true potential.

The Break-Fix Trap 

When IT is categorized as an expense, your goal shifts: you spend as little as possible until you absolutely have to. This is the classic, tragically flawed, and foolish model, and it lands you directly in the Break-Fix loop:

• You buy the cheapest computer to save money.
• You ignore update warnings and slow performance to avoid paying for help.
• One day, that cheap computer crashes (or, worse).
• Your business grinds to a halt. 
• You're dead in the water.

So then you finally make a distress call and pay a premium for an expert to come put out the fire, all while your team is twiddling their thumbs and your customers are getting angry.

The result of all this is that your budget is just an unpredictable disaster fund, and you only associate technology with pain and unpredictable costs.

The Real, Hidden Costs of Cheap IT 

The $500 emergency repair bill is not your real problem. The real cost is the leaky bucket of money you're losing every single day due to operating with suboptimal technology and the downtime it creates. Let’s take a look at it:

The Cost of Downtime

Your server is down for 4 hours. You have 10 employees. You didn't just lose 4 hours…

1. You lost 40 hours of paid-for productivity.
2. You lost 4 hours of potential revenue.
3. You lost an unquantifiable amount of customer trust.

Do the math: what does 40 hours of lost employee time cost your business? Now imagine what that time could have produced.

The Cost of Friction 

This is the running in quicksand problem.

• That computer that takes 5 minutes to boot up?
• That slow file that takes 60 seconds to open?

Add up those lost minutes across all your employees, every day. You are paying for hundreds of hours of wait time per year. You are actively paying employees to sit idle due to outdated tools.

The Cost of Lost Opportunities

Your sales team is fighting with a clunky, broken CRM, so they can't make timely follow-up calls. Your team can't collaborate effectively on a large proposal, so you miss the deadline. That cheap tech just cost you a $50,000 contract. How many of those can you absorb?

Technology is a tool for opportunity. When your tools are dull, you miss the shot. At TaylorWorks, we help our clients take advantage of their opportunities. To get started with the technology geared to help your business succeed and grow, give us a call today at (407) 478-6600.