A Superior System: 5 Ways to Work Smarter, Not Harder.
Whether it’s inventory or project management, client billing or communications, our businesses are the slowest to implement new and more efficient technologies.
For some reason, rather than innovate, companies seem to hold on to their outdated tech like it’s a badge of honor.
MS Dos, punch cards, satellite radios, Windows 98. Why do these technologies still exist at all, let alone in the operation of our major businesses?
Cost of upgrading vs the cost of falling behind
The biggest roadblock business owners give for holding back on making a tech upgrade is cost.
No business can afford to outlay their hard earned profits on an investment that will only make their business worse.
This is why the motto for most business owners remains “if it’s not broken don’t fix it.” In reality though, their motto should be “if it’s not broken…Fix it anyways.”
Old technology may work right now but there are some major risks business owners aren’t considering when procrastinating their upgrades and their refusal to innovate could be costing them more than they know.
In a world where time is money, speed becomes king. So a business that can not only get a job done right but can get it done ‘right now,’ becomes the winner.
It’s no secret that old tech moves slower than new but what most businesses don’t understand is how much more they can accomplish with that extra speed.
Take a trucking company that has just implemented a new GPS tracking system, for an example. With this new tech, a manager can simply look at a map, see where a job is located and dispatch their closest vehicle to that job. This dramatically increasing the number of jobs his/her fleet can handle per day versus the classic low tech method.
Everyone knows the saying “work smarter not harder.” Unfortunately, it seems this isn’t the norm for most businesses.
Imagine a remote engineer who’s job is to visit and inspect 100’s of oil wells every day. If this person discovers a problem they have to fill out a list of paperwork, drive it back to the office, file it and wait for approval before anything can get resolved.
Alternatively with a simple satellite communications tool that same worker could file all of their incidents digitally and even geotag the specific well location for immediate repair. With this technology, both the engineer’s downtime and the time to repair nonfunctioning wells would be drastically decreased.
Old tech in the workplace is just a disaster waiting to happen.
Whether it’s an old system eventually breaking down or just the limitations of what that old system can do that causes a problem, it becomes not a matter of if an issue will arise but instead simply a matter of when.
New technologies have superior safety monitoring systems that can do everything from flag workplace hazards, to remotely monitor real-time pressure sensors.
Without these essential abilities, both business owners and their works are essentially gambling with their safety and hoping nothing tragic goes awry.
Market disruption is now an inevitability for almost every industry so as a business owner you can either choose to innovate or stagnate.
Being a reactive business owner today is the most dangerous position on can take. New competitors are jumping into stagnate markets and their better, faster tech can quickly allow them to disrupt and dominate their competitors. If business owner aren’t careful they can easily find themselves falling behind one of these nimble competitors and by that time it may be too late to get their business caught up.
Innovate before it’s too late
This is now the only way to run a business in today’s fast-paced and ever advancing marketplace.
Yes, it may be scary for some owners to implement new types of tech to their business but the reality is they no longer have an option.
Luckily with all the advancements we have at our fingertips today the opportunities to improve our businesses far outway the risks of it holding us back.
Look critically at your business and ask yourself if you’re still nursing some antiquated tech. If so consider this a call to action, because if it’s not a problem for your business today you can bet it will be in the very near future.