Why The Next Software Won’t Fix Your Business | Jenny Benbrook
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Before investing in new software, clearly identify the underlying operational problems in your business; software should be a solution to a specific problem, not a standalone fix.
Develop well-defined processes and procedures that clarify roles and responsibilities across all departments, ensuring everyone understands how their actions impact the business as a whole.
Allocate a dedicated tech budget (e.g., 3% of your growth goal) to thoughtfully invest in and manage technology, preventing both underspending and overspending on unnecessary tools.
Treat technology like a 'living, breathing human' on your payroll; implement clear onboarding, continuous training, and ongoing monitoring to ensure it's performing as expected.
Prioritize building a robust reporting layer that aggregates data from all your operational and third-party tools to gain comprehensive intelligence, rather than relying on disparate data sources.
Foster a culture of open communication where your team feels comfortable providing honest feedback about technology's effectiveness, allowing for quick adjustments rather than prolonged frustration.
Ensure your foundational operational and financial software is stable and properly utilized before integrating advanced tools like AI; AI is only as good as the data it pulls from, so clean data and processes are paramount.
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