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How to Effectively Save Your Tech Business Thousands of Dollars In the Next Year

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Guest post by Lexie Lu.

Running a business is expensive—especially a tech company that’s trying to provide the best services possible for clients. Despite growing demand for networking solutions, security software and IT services, these operations can still run into money problems, even when things are going well.

How to save molney and improve business cash flowThese companies need to save cash where they can. Simple cost-saving strategies can  go a long way in reducing spending on everything from day-to-day operations to business marketing.

Here are four of the best ways for tech businesses to save thousands of dollars over the course of a year.

1. Take Advantage of Automation Tools and Software

Repetitive tasks, such as sending emails, scheduling posts, and keying in information, can eat up a lot of time. There’s almost always more important, creative work that needs doing—like communicating with customers or walking a client through a new service.

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10 Top AI-Based Tools for Marketing and Sales

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Revised November 25, 2024
Revised April 3, 2024
Revised February 7, 2024
Revised August 10, 2023

There’s a lot of excitement and new technology developing around artificial intelligence (AI) and marketing. There is also a bit of nervousness and some dangerous myths. Here’s what you need to know, along with several tools that can help you enhance your marketing efforts with AI today.

Myth #1: AI is going to take my marketing job.

Best AI tools for marketersNot to worry. Though there is more concern today than there was a few years ago, it remains unlikely that AI, machine learning (ML), or a robot will take your marketing job.

It is likely that these technologies will continue to automate simple, repetitive tasks, even taking some roles in industries like food service. Even there, however, robots and AI are more likely to help out and work alongside humans than to replace them.

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The Founder Interview Series #28: Lonnie McRorey, Framework Science

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Outsourcing software development can provide several significant benefits. Unfortunately, it offers just as many ways to get burned. Is there a better model?

At its best, development outsourcing helps companies save money, complete projects faster, manage large one-off projects more effectively, and get access to hard-to-find talent.

Lonnie McRoreyBut only 61% of companies say they are “absolutely” or even “somewhat” satisfied with their outsourcing initiatives. And up to 15% of IT projects fail outright.

Why? The software outsourcing business model is designed to generate profit for stakeholders for each engineering resource or project fulfilled by engineering resources.

In order to stay competitive and provide a lower rate than typical engineers in the U.S., offshore outsourcing vendor engineering salaries are kept low so as to Framework Science logomaximize profit.

But this “humans as a commodity” business model generates uncertainty for low-paid software engineers. It causes high turnover rates and low-quality work (often swapping a senior-level resource for a junior one who has no idea of object-oriented programming or good code structure) and lack of project commitment. Feeling underpaid doesn’t motivate anyone to do a great job.

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The Entrepreneur Interview Series #13: Aric Bandy, Agosto

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Minneapolis-based tech consultancy Agosto is today a Tier 1 Google Cloud Premier partner and cloud product development company that works with household-name clients like Groupon, HyVee, Quicken Loans, and Herman Miller.

Aric BandyBut back in 2008, it was a small IT services firm struggling to stand apart in a crowded market as well as weather the storm of the impending financial crisis and economic slowdown.

Here’s the story of how the company made the transition from managed services to innovative solutions provider.

The Products and Services

Agosto helps organizations innovate and Agosto logomodernize their IT operations,  to move from legacy hardware to cloud-based infrastructure. The company focuses on helping clients achieve three objectives:
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