If you have a small or medium size business, 2022 may have been a difficult year.  Between workforce shortages, ongoing supply chain issues and inflation, it’s been a tough year for many. Most business owners are looking at ways to maximize profit without increasing expenditures. That’s isn’t always easy, but we have a few suggestions that may help you reduce costs while improving efficiency.

Consider Outsourced Services

There are lots of business tasks you can outsource. It is an especially good idea when you either have trouble finding the right person to handle that task or don’t have full time work for one person. Some commonly outsourced services include accounting, book keeping and network and IT management. It does take a bit of time to bring them up to speed, but you’ll find that, in general, it’s less costly to pay them on a retainer or hourly than hire a person full time as a smaller business.

Look at Your Software Subscriptions

This is something individuals often do but businesses neglect. What are you paying for that you no longer need? One of the biggest money wasters is software subscriptions and licenses. Do you have too many? Is there a better package of software licenses than what you are currently paying for? Could different software subscriptions replace two different tools you’re using? Or, would it be better to utilize a cloud service and move everything off your local network. These are things that a managed service company could help with. They are an excellent option for outsourcing your network and IT services.

Hire the Right People

Sometimes we keep staff because they show up. However, having staff that shows up but doesn’t produce, isn’t efficient. Whether you’re looking to hire a sales person, book keeper, IT professional or customer service person, the right person can improve your business. It may cost a bit more to hire the right person, but it will pay off in productivity which will help your business either by increasing productivity or increasing sales. Paying a bit more for the businesses you choose for outsourcing also pays for itself in the long run.

Automate When You Can

When you have a task that can be handled by a computer, let it do the job. Although some customers don’t love automation at first, once they realize that it gets them the results they want and need faster and more accurately, they embrace the automation. If you don’t know what you can automate, talk to a skilled and experienced managed service provider. They may have solutions that can save you time and money.

Toucan Technology Group Can Help

As a managed service provider, we can help you with many of these items. Not only can we take over as your network and IT manager, but we can help you automate. We know of many software subscriptions that can automate different aspects of your business. As a VoIP provider, we can make your phone system, and as a result, your team, more efficient. Of course, we also regularly review the software licenses of our customers to ensure they’re only paying for what they need. Call us today for your free initial consultation at (317) 376-4874 or fill out our contact form.

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