Today, I'm pulling back the curtain on tech software costs.
The upfront cost is not the total amount your company will spend.
And it is not the software vendor's fault.
There are "hidden" costs that business leaders overlook.
- subscription cost (what we tend to focus on when purchasing tech)
- implementation cost (what we forget to ask about during the purchasing phase)
- training cost (this is how quickly can your team start using the tech)
- maintenance cost (vast majority of companies don't even consider this)
Technology is an asset for your company and it has to be maintained. Someone needs to be accountable for keeping this key part of your assets in working order so your other costs aren't sunk.
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