Wednesday, January 16, 2008

January's Penny Pinching List

6 Technology Rules You Must Follow To THRIVE

Over the past few weeks, I've been really chewing on the following six rules I created that I believe will really help you boost your business. There's a lot more technology rules and guidelines you need to keep in mind, but these six rules are ones that are beyond the more traditional rules such as having a web site, making sure your technology is secure and etc.

Spend money on technology as an investment - not as a cost
You spend money on insurance - right? You have a lawyer (most likely) and an accountant (for sure) - right? However, when it comes to spending money on technology, many of you ONLY spend money if you have to. You don't spend money on technology that you think you don't need. This is a mistake. If you are building a business that's built to last you must think of your technology spending as an investment in how technology can help your business GROW. You must spend money on technology that will help you now and in the future. The right investments in technology today will help you save money, save time, do more with lesson and overall grow your business tomorrow. Don't think of where your business is now, but think of where your business will be in 5 years and invest in technology accordingly.

Microsoft Outlook is NOT CRM
Many of you, like I do, use Microsoft Outlook as the core foundation of your business. You use it to manage your email, tasks, notes and calendar and that's good. But if you want to increase sales to your current customers and really know everything you can about each customer, based on each interaction they have with you - you must use a true CRM product or service. When a customer buys from you, chats with your sales rep and maybe returns a product, for whatever reason, a TRUE CRM product/service can help you mine this data and help you use this raw data as POWERFUL information to know more about your customer.

Web 2.0 is no joke
You've heard all about FaceBook, MySpace, LinkedIn and a few dozen other social media tools that help you connect with others. Many web sites also enable you to comment, upload your own videos and share your own insight with others. This is what web 2.0 is about. It's more than you giving content or a sales pitch to someone - a one way conversation. It's about having a conversation with customers and letting customers have a conversation with each other - all about you and your product or service. You need to do this with your own online communications. You must have a great web site, with awesome navigation and content. You must have an email newsletter to reach people right in their email inboxes. You really should have a blog to foster more conversation and boost your web sites rankings in search engines. The next step is to ensure your web site enables visitors to communicate & connect with you and each other as well via "web 2.0" technologies.

Mobile Technology
If you and your staff are sitting at desks all day long I guess you don't need mobile technology. However, if you and your staff are traveling around (as I suspect you do) then you need to implement mobile technology solutions. This means that you can access your office wherever you are - email, faxes, files - you can access it all. There's no reason to tell a customer that they have to wait until you get back to your office. There's no excuse for telling a partner that you haven't received a fax someone sent you or missed a voice mail because you were not in the office. Take your office with you.

Outsource your technology
There is NO need at all for you to manage and implement technology on your own. Sure, you are an expert in what you sell (be you a florist, computer vendor, lawyer, graphic artists or media consultant). But you are not an expert in network security, data backup or mobile technology. The only way you are going to maximize your use of technology is to outsource your use and implementation of it it in your business. Technology is not all that you need to outsource. If you find that you are scanning business cards, answering phones and faxing proposals you need to hire someone else to do these tasks for your so you can concentrate on your business. If you are a one person business or a 50 person business - you need to manage your company and concentrate on its growth. Hire someone else, like a smart virtual or in-person assistant to help you.

Don't technologize a bad business process
I'm sure you run a very good business and do your best to manage its various processes, however if there are parts of your business that are not going so well and you think technology is the answer, you're wrong. I was recently in Puerto Rico at the great Ritz Carlton Hotel. The entire experience in Puerto Rico and at the hotel was simply splendid. What most impressed me was the customer service the hotel provided. It so happens that customer service is a HUGE part of the hotel's culture and ingrained into each employee. However, they use technology, in a big way, to profile each guest and build a database of their likes and "don't likes". What if the Ritz Carlton had employees that were rude, inconsiderate and nasty? Ritz Carlton would only be "technologizing a bad business process". They first hire employees who love service then they use technology to manage and build up this customer service experience.

Source: Ramon Ray, Technology Evangelist & Editor,,

Attend: Small Business Summit 2008. For small businesses, by small businesses. February 11, 2008. 400 attendees. 40 exhibitors.

Tons of information. Lots of fun. Gallons of excitement -

1 comment:

PJS said...

As I was reading your “6 Technology Rules You Must Follow To THRIVE”, I had to laugh when I hit “Outsource your technology”. I have personally ran into situations that are draining the resources of a company and the owners have no idea it’s going on.

We sell and service office equipment and it’s not uncommon for some functions or the equipment to be connected to the clients’ network. So you’re pointed to the “IT” person, whom after a few minutes you realize has only a vague clue of what is going on. In addition, you wonder if they actually took a class or got some online diploma.

While our service department talks about the “bozo”, I have often wondered how this person got hired. Then I realize all that is needed is a resume with some initials and/or some designations, and an interview in which the applicant only has to know a little more than the person hiring them.

So outsource your technology!