Technology advice, practical solutions and real results.

Tuesday, August 31, 2010

How Do You Calculate the Cost of Inconvenience?

When you’re running a business and have multiple competing (and urgent) priorities, you might not even think about how much money you’re wasting on insignificant computer problems. We’re not talking about major server crashes or seeing your whole office go down in flames – we’re talking about little problems like spam.

Remember, time is money.

The higher the salary of the person who’s losing the time, the more money you’re losing. And the more time a high-dollar person spends on minor computer annoyances, the less time they’re spending on adding value to the business.

That’s one of the biggest problems associated with small-business executives wasting even 10 minutes trying to reinstall a mouse driver or retrieve a deleted file. Those are 10 minutes they might have spent following up with a sales prospect or uncovering a major miscalculation in next year’s budget.

Read about our simple formula for determining the true cost of lost time by clicking here:

CMIT Solutions Home Office Blog.

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