According to the NSBA’s 2013 Technology Survey, the average small business owner spends 26% of their decision-making time researching and hiring consultants to “overcome knowledge gaps and deficiencies.” Here are technology purchases, ranked according to the degree of difficulty businesses owners reported facing: In Entrepreneur Magazine’s 2011 reader survey, technology and equipment purchases ranked the most contentious issues that cost time and money. Perhaps the most dubious issue faced by small business owners is technology decision-making.
Its a time when the founders must learn to make decisions that in most cases, they never considered they might run into. Caught In Decision-Making “Adolescence”? Should I pay a consultant to fix the financial accounting software I have, or invest in something different? Starting a business is challenging, but actually growing the business through its first 5-6 years is the true grit-work of entrepreneurship.
