Operating a business: Old school vs technology
Friday, September 28, 2018
Last month, I celebrated completing my 12th year with the UHV SBDC. I have to admit, with more than 35 years in small business ownership and management under my belt, 12 years ago I was confident I knew what it took to do the job.
Well, it was pretty far from the truth. Now, I like to say small business owners “don’t know what they don’t know.” It was sure true for me. Lately, I have read a few articles about the new generation of business owners coming along. The understanding of technology they possess is impressive; it is far beyond what I understand. Today, technology is important, but so are the old-school business management tools.
When I discuss the areas a business must be knowledgeable in with my clients, I tell them about four things: marketing, management, accounting and finance.