Technological investments are a part of business. Your business can spend $1 million to invest in new technology and equipment, but how will these technologies transition to profit? That’s the question.
Increased investment doesn’t necessarily mean improved financials.
And small businesses need to know how to maximize these investments, or maybe they shouldn’t invest in certain technologies too early. Oftentimes, a small business will make an investment that keeps them cash-strapped and not able to recoup their money fast enough.
Missed opportunities can be a result of these decisions, which leads to lost financial gain.
Business Case Analysis
Subjectivity in an investment can be offset by business case analysis.…Continue reading