June 4, 2020  
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Technology Considerations for Home Business Owner

Written by Stefan Martinovic for Gaebler Ventures

Home business technology needs are much different from that of most businesses.

If you are a home-based business owner, the phrase "Information Technology" might not seem as applicable to you as if you were involved in a corporate setting.

Technology Considerations for Home Business Owner

Regardless of how many employees your home-based business has on staff, at the current pace of technology advancement, it is important for owners of companies of all sizes to incorporate an effective IT plan.

Purchasing technology for your home business can be critical to the well being of your company. With the myriad of products and services available, picking the right equipment might seem daunting, but with a little research you can be sure to stretch your IT dollar effectively and improve the health of your company as a result.

Computers are the foundation of the IT landscape in any business setting. Choosing the right computer systems and networking hardware should be your first step in purchasing technology for your company. In addition to traditional office supply outlets, many direct manufacturers such as Dell and Gateway have packages specifically tailored for the needs of small businesses.

Whether your needs are for laptops, desktops, or wireless routers, package deals on equipment to suit the needs of small companies are available across the internet. Additionally, outlets such as wholesale warehouses many times offer technology solutions for small businesses.

Choosing a computer system with appropriate processing capabilities and data storage is important, and buying equipment that has the capability to be upgraded over time can serve to save you money over the long haul.

If you are planning on operating a multi-computer system, networking the machines together is almost a necessity in order to efficiently share data. Wireless networking has become increasingly popular and provides for the seamless interfacing of portable devices with desktop units.

Phone and internet providers generally also maintain specialized packages of services targeted at small businesses. They typically include a wider bandwidth capability with the functionality of multiple telephone lines. These services are usually available through the same providers, and combining voice and data packages through your provider is generally a most cost-effective alternative to individually sourcing these services.

It is always possible to upgrade the capability of your services to VOIP or optical data lines should the needs of your business grow to require added capacity. Keep in mind that the addition of premium services such as these are typically only affordable on a larger scale and are geared more towards larger companies with greater resources.

Regardless of the nature of your business and your degree of technological savvy, by doing your homework and exploring the wide array of IT products and services available to you, you can be sure that your company can reap the most from its investment in technology.

Stefan Martinovic has an extensive body of work across the financial services, manufacturing, and retail industries. He is currently pursuing an MBA in Management and Entrepreneurship at The College of William & Mary.

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