FRESNO, California – Cody Sarhan, Communications Specialist
There are several factors at play right now with the world’s economic state, and how that’s affecting small businesses. With a looming recession, high inflation, and supply chain struggles that are fueled by climate change and the ongoing pandemic, some businesses are barely able to keep their head above water.
“SMBs are at a crossroads. Many feel positive about their own company’s prospects and are planning to invest more in their business by increasing their IT spending, for example, but they feel less optimistic about the macroeconomic environment,”— Bob Takacs, Research Director and SMB practice leader at Analysys Mason
While 85% of small businesses cited inflation as the most challenging economic headwind, other unforeseen factors are playing into these pessimistic forecasts. Cyberattacks and data loss caused by natural disasters are just a few examples of the most unpredictable flashpoints that can cause a small business to go bankrupt.
How You Can Future-Proof Your Business
Despite their discouraged view of the current state of the word, small and medium-sized businesses across the country are hopeful for the future of their brands — expecting a growth in revenue compared to the previous year. This positive outlook is fueled by an increase in protections against key risks, which includes strong investment in IT infrastructure.
“We found that 84% of small business decision-makers believe that investing in the right technologies will help them prepare for the future, which is more important and true than ever,” — Yancey Spruill, CEO of DigitalOcean
After surveying over 550 small-to-medium businesses, startup owners, CEO, and CTOs DigitalOcean found that the vast majority of small businesses that invested in new technology felt they were future-proofing their organizations. Services like cloud solutions, managed services, and hosting ranked among the top priorities for businesses looking to future-proof their services.
The biggest hurdle for businesses in overcoming these technical challenges is the process of actually implementing these changes. Nearly 50% of businesses surveyed reported that the process of migrating to a better technology was somewhat difficult.
That’s where Xobee Networks comes in.
We are the #1 Managed Service Provider for innovative, cost-effective, and cutting-edge technology solutions in California. What that means for you is that we are the tech experts, who take the struggles of technology solutions off your hands — enabling you to focus on your business and your people.
What Are Your Next Steps in Surviving These Economic Headwinds?
These past few months (and years, really) have seen small businesses struggling, but those surviving these uncertain times are asking themselves these three important questions:
- How is technology serving my business?
- How is technology or the lack thereof affecting my bottom line?
- What can I do to change that?
If the answer is unclear, you need to consult a Managed Service Provider to see how and where new technology services could benefit your business. In some cases, technology shortcomings hinder your profit growth.
How Does a Managed Service Provider Help My Business?
We at Xobee Networks understand how resilient small-to-medium businesses can be when they invest in the right technology. While businesses that are protected by state-of-the-art technologies are not immune to economic downturns, they are far more secure.
The best and most secure decision you can make when avoiding any form of bankruptcy is to invest in the right business strategies. This includes infrastructure, technology upkeep, and technology services that aid your business efficiencies and security.
We at Xobee Networks are committed to protecting client data, taking proactive measures against cyberattacks, safeguarding our clients’ infrastructure, and building tailor-made technology solutions that serve your business needs. To learn more about how we can future-proof your business, contact one of our team members today.
Xobee Networks now has engineers servicing clients within Fresno, Clovis, Madera, San Jose, Sacramento, San Francisco & The Bay Area, Los Angeles, Santa Monica, Las Vegas, Bakersfield, San Diego, San Luis Obispo, Anaheim, Palm Springs, and more.
Cody Sarhan | Communications Specialist, Xobee Networks