Essential Solutions LLC Blog

I was talking to a long-time colleague the other day about his firm's recent brush with a compliance audit. He’s the type of owner who prides himself on having his ducks in a row, but he sounded rattled. He’d just received a formal notice regarding how his team was handling customer data, and his first instinct was confusion. He thought that because he had an antivirus and a firewall, he was covered.

I was talking to a friend the other day who runs a successful company. He’s the type of guy who knows his inventory down to the last decimal point. Still, when we sat down for coffee, he looked exhausted.

"I’m just so tired," he said, "One day the printer is offline, the next day one of my guys can’t sync his files. Just this morning, I got a suspicious email that looked a little too much like an invoice from my own CPA. I’m spending four hours a week playing the IT guy. I don’t know what I’m doing."

We’ve been told since we were young that knowledge is power. For entrepreneurs,  information is like oxygen. There is a tipping point to having too much data, however, where helpful insight turns into analytical paralysis. If you feel like you’re working harder than ever but your business isn't moving, you might be suffering from information overload. Here is how too much knowledge is actually hurting your bottom line.

If you feel like your to-do list keeps growing every day, you aren’t alone. For many entrepreneurs, the day feels like a losing battle against the clock, switching from sales spreadsheets to marketing plans until your brain feels like it has too many tabs open.

If you had to be honest with yourself, does your technology strategy revolve around your business’ plans, or is it tied more closely to your inevitable hardware failures? Many businesses still operate in the break-fix sense. When a laptop breaks, they replace it… but this reactive spending is costing your business in the long run, and it all but ensures you’re two steps behind. To stay competitive, you need tech goals that align with your business, supported by a Virtual Chief Information Officer who understands your business inside and out.