What's in your Tech Stack?
What’s in your stack? Hopefully cash!
I’m talking about your Tech Stack AKA all of the technologies and tools that are used to run your business.
Are these products giving you a return on investment? = Cash money for the win!!!
OR…
Are they just sitting there, taking up space and expending precious resources? = Not adding to your bottom line!!!
The New Year is a great time to inventory your technology tools and get organized.
Especially while we’re setting business goals and determining business strategies.
Hopefully you understand all of your technology packages, plans and subscriptions. You know what you’re getting and you’re not paying for what you don’t need, use or worse, understand.
I spent January 1st going through all of my technology tools and software applications. Although I acquired some apps for testing or research for my clients, I still found tools that I wasn’t using. Here’s the kicker, I was paying for them every month.
In some cases, it was something I purchased with the intention of using (one day). But, it was never setup or configured.
In other cases, it was something I purchased that sounded really great at the time. In reality, it didn’t fit with where I was in my business or what I needed at the time. Bottom line = These tools weren’t aligned with my business strategy or supporting my business needs.
These unused tools add up quickly. So, don’t delay! Inventory your Tech Stack today and save yourself time, money and energy later.
Here’s how you can get started with 5 simple questions:
- What’s in your tech stack? List your current tools and apps. A simple Google Sheet or Excel document is a great place to start.
- What solution/service does the tool or app provide? Align each with a business need. For example: Dubsado – Client Management, Calendly – Client Scheduling, Quickbooks – Accounting and Financial Management, etc.
- How much are you spending every month/year? Understand your tech expenses. You should have a technology budget. This number takes into account your annual revenue and allocates a certain percentage of that for technology expenses.
- What’s not being used? Determine if unused tools can be paused or canceled. Don’t keep a tool because you think you’ll use it one day. Especially if you’ve had it for some time, have never used it and you’re still paying for it. The tools can be purchased again when needed.
- Where are the gaps? Determine if there’s a business need that is not being met. Think about your business goals and what tools will support you in achieving those goals.
Need help? Let’s audit your Tech Stack to determine what tools you need and what apps will support you in achieving your business goals.
As a Tech Coach and Consultant, my goal is to help you MAKE TECH WORK for your business. I work with coaches, consultants and online service providers to plan, implement and manage their software applications. My services provide sound strategy and solutions to help you effectively utilize technology so that you’re able to grow an efficient and profitable business.
Click the link below to schedule a complimentary 30-minute Discovery Session to get started today.