Many small and medium businesses don’t allocate
enough resources – or any at all – to take care of their
computer network. By ignoring being complacent
with your network, you open your business up to potentially large problems
down the road.
Here are 10 common mistakes that small businesses make:
1. Wasting money
Nearly every business in the world is guilty of this. The business owner
spends a great deal of money and time on a powerful, robust software package,
and then only uses 10 per cent of its capability.
Instead, make your investment worthwhile by spending a little bit of
time and money to go to a course or send staff on courses to get the most
out of software packages like QuickBooks or a customer database software.
Often, these courses are not overly expensive and in relation to your customer
database, if a short course will gain you just one extra customer this
year, it will have paid for itself.
2. Not protecting the business
BUSINESS
The average cost to a recover from a ransomware infection in 2018 was
US$133,000 globally.
Many Saskatoon-based companies experienced virus and ransomware
attacks in 2019; consider these figures from an actual Saskatoon firm:
Activity Cost to the Business
Downtime $5,333
Recovery of Data $2,000
Recovery of Computers $1,500
Lost Productivity $7,999.50
Reproduction of Lost Data $140,000
Loss of Business $63,786
Rebuild of Reputation $7,500
Total: $228,118.50
Data provided by Burnt Orange Solutions
ALPHASPIRIT/123RF
Computer COMPLICATION
Ten mistakes many small and medium
businesses make with their IT network
By Gareth McKee, Burnt Orange Solutions
thinkbigmagazine.ca | Quarter 1 2020 | Think BIG 51
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