Entrepreneurs tend to think about seizing opportunities and growing their businesses as rapidly as possible. That’s the right mindset to have, of course, but it misses the other side of the coin. Namely, that growing your enterprise is just as much about avoiding risk.

In our industry there are three huge dangers business owners tend to miss or ignore. That’s unfortunate because any of them can drag your growing company down, or even destroy it. Let’s take a quick look at each one:

Risk #1: The Risk of Sudden Data Loss

If you have visited our blog before then you’ll know we are on a mission to inform entrepreneurs everywhere about just how easy it is to suddenly lose important confidential files. Things like lightning strikes, rainstorms, and simple employee errors can all cost you years’ worth of progress. Imagine losing access to customer records, financial data, etc., in a heartbeat.

A good IT provider can help safeguard you against this possibility by establishing a backup and disaster recovery plan. This will include remote file storage, encrypted backups that can’t be hacked, and a plan to restore services in the event of an emergency.

Risk #2: The Risk of Huge and Unexpected Expenses

Would your company be able to thrive, or even survive, if you suddenly incurred an IT expense that ran into the six figures… or even higher?

You might be thinking that you would never need that kind of technology care. Most business owners don’t, right up until the moment they face an unexpected crisis. When you’re dealing with a network error, a ransomware attack, or some other unforeseen issue, you can suddenly find yourself repairing or replacing every piece of tech you have.

Again, the right IT team can help. With a managed services agreement you can trade unexpected technology costs for a low monthly or quarterly fee. And, you can scale your services up or down as your business needs change.

Risk #3: The Risk of Following the Wrong Strategy

When you make the wrong technology investments or pursue a losing strategy, it’s not usually apparent right away. Instead, you simply lose ground to your competitors quarter after quarter until you can no longer catch up. They have a permanent advantage in efficiency, marketing, or profitability.

That’s why we offer virtual CIO services to our clients. They get access to the forward-looking expertise they need, but without the expense of keeping a six-figure executive on staff. In other words, it allows business owners to eliminate a powerful risk without incurring huge costs.

Ready to Cut These Risks Out of Your Business?

At Fantastic IT, we work with each of our clients to develop a customized plan that meets their goals, challenges, and budgets. That’s because our work isn’t just about fixing computers and configuring software – it’s about letting you focus on running your company.

If that’s the kind of service you expect from an outsourced technology vendor, then contact a member of our sales team today to schedule a free consultation.