How To Lose Money With Tech Platforms

There are two things that businesses do that mean they are losing money. Which in business is something that you really don’t want to be wasting

Not checking features before trying

It is so important that when you are looking at investing money into a Tech Saas ( Software as a Service) platform. You are aware of all the things that you are looking for in a platform. Because you do not want to be wasting your time implementing something that is not going to work for you and you need to start that process again.

Paying for two Tech platforms that do the same thing

The biggest money pit is when you have two platforms and they have features that cross over and you are paying for things twice unnecessarily. Now it might be you made that conscious decision to have 2 platforms that are similar. But it may have been through your trial and error that you don’t notice that you are paying out for 2 of them.

Combat this by

Making sure you know before investing what you are looking for in that style of the platform by writing out all the features that you need now, in a year and in 5 years and if it can support you and if there is a potential to migrate in the future.

Then, make sure you regularly review your Tech Stack every 2 months and the look at the features you are using that are crossing over and see if this is something you can migrate and eliminate so you can save money

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