July 2008
Issue #4
YOUR SUCCESS, OUR CAPITAL
SmartMoney
"Tactical Tips for Solution Provider Success"
Many of the present-day Solution Providers can
remember the market downturns in the late '80's
and after the dot-com bust in the '90's and right
after 9/11/2001.
"Weather the Storm"
War - Home Foreclosures - Weak Dollar - Crashing Stock Market - Inflation - Deflation - Politics ...
All Spell OPPORTUNITY
For VARs
Survival = Cost Control.
There is no doubt that there are again serious
issues that will affect every business, regardless
of size, and every department of government, not
only in this country, but worldwide. Every cost
and expense is being tested and analyzed. In these
times cost scrutiny is being viewed as a matter of
survival, not just a good business practice. Every
employee must be justified and every IT expense
must be proven to be essential for the survival
and growth of the enterprise.
The realities of these economic and political
events open the door for the prepared VAR’s to
demonstrate that now is the time to modernize
their IT structure and systems. What were good
practices and systems eight or ten years ago today
might not be viewed as efficient and cost effective.
Everyone Needs IT.
As companies begin to examine ways to reduce their
labor force the need for automation to fill those
gaps and can be made evident to management.
Demonstrate that many of the old methods are now
inefficient and costly when judged against new
technologies. Every company hoping to stay alive
and prosper is aware of the importance of the
technology backbone necessary to run their business.
Each company has asset management, compliance,
communication, personnel, storage and supplier issues.
Everyone is looking for savings and every line item
in the budget has to be justified as never before.
This presents the opportunity for every solution
provider. New IT platforms must be developed for
each individual organization that will increase
their ability to compete in times of a prolonged
recession and be able to demonstrate long-term
cost controls. These solutions must provide the
best options for a particular company – not just
another generic solution.
Think Green.
Companies are for the 1st time thinking in terms
of green technologies and how it relates to all
of their business activities. This will prove
to be a huge new market for VARs and is being
driven by the companies themselves. Another area
which is related to the green philosophy is in
the taming of the heating and cooling profiles
of data centers. Data is just consuming too
much power and this is a concern to top-management
not just the IT staff. Look to consolidation and
virtualization solutions.
IT Technician Shortage.
A serious shortage of qualified technicians in
the coming years has corporate management concerned.
To mitigate this risk companies are investing in
new technologies and minimizing the dependence on
personnel.
Priority.
What does it mean? Prioritize the highest level of
technology and support as closely as possible. Next,
seek custom solutions that are coupled with a high
rate of delivery.
Be A Winner.
Invest in training your personnel to take advantage
of all of the opportunities that are opening up for
technology upgrades because of the various economic
and social changes in the world. Invest in your staff.
Do not be tempted to cut your tech staff and hope that
somehow the world is going to turn around and you can
go back to the good old days. This period could be
one of the most expansive and profitable periods in
history of IT.
Be Aggressive.
Be aggressive in expanding your tech training and
marketing. But be wary of overly aggressive pricing.
Be competitive, but provide unique solutions that
will add savings and profits to the client and your
bottom line. Focus on unique software and consulting
solutions.
Have No Fear.
Do not hesitate to talk with outside specialists on
how to run your business. If your present cash position
will not allow you to enhance your training budget consult
institutions like banks and credit companies who are
familiar with IT for help. You have a good case to sell – go for it!
Global Technology Finance
specializes in the information technology space and if you
are having difficulties obtaining financing due to overall
shortfall of liquidity, our alternative financing solution
can be a valuable tool for you company. "We enable
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