If you are contemplating a startup and researching business plan templates, I need to warn you – most plans leave out a key-essential-priority-must-have-important section – technology. Most young companies try to limit their expenditures in that area, and that is a shame, since technology is an easy tool for start-ups to differentiate themselves from competitors.
Having a solid technology plan will not only quickly save you money across other areas, it will also put you on the path to success, give you an immediate edge, and leave your competition behind - out of the gate. Simply put – [Tweet "Technology is a critical component to a successful start-up"].
Everyone plans on starting with laptops and computers, right? Since only 20% of the cost of computers are from the initial purchase, it is critical to get a business class system. The other 80% are indirect costs. Expect to pay $700 to $1,500 per unit. Don’t be tempted by the $200 to $400 home systems. Sure, they are cheaper up front but you’ll spend more time trying to keep them operating. Nothing is more frustrating to new start-up employees than malfunctioning computers.
Here is good sample start-up budget for a small business:
Laptops/Tablets/Computers $700 to $1500 per person
Network Printer/Scanner $500 per office
Wireless Office $500 per office
Network hardware $1000 per office
Office digital phone system $400 per person
Internet (Business) $300 per month
Office digital phone service $60 per month
Applications/backup/support $400 per person per year
Server or cloud (if needed) $250 per month
Support services $40 per person per employee
So, how much do businesses spend on technology after initial start-up purchase? Here is the break-down by industry and size as a % of revenue:
- 3.2% Enterprise
- 4.1 % Medium
- 6.9 % Small
- 3.3% Average business
- 4.7% Education
- 1.5% Retail
- 6.3% Financial
- 1.7% Manufacturing
- 4.2% Health care Source: CIO Magazine
Of course, this is just the basic stuff to get you started. Many new businesses are making technology part of their core business to distinguish themselves from competitors. This Digital Transformation allows small businesses to move quickly and take advantage of new digital products, services, marketing, fulfillment, and an enhanced customer experience.
More about us: www.pro-stratus.com
See our small business support plans: www.24x7technology.com