When used correctly technology can make life better, when used incorrectly it decreases productivity. I felt good recently when the owner of a $100 million company told me they don’t use a CRM as it’s too cumbersome for what they need (I don’t use one for the same reason).
Here are three things I’ve noticed about technology:
- The Wall Street Journal wrote about how the IRS gets data from ticket resellers to see who resold tickets for more than $600. My son did so, he asked if this would trigger an audit, and I replied, “We’re being constantly audited by technology (so you might want to report the gain).”
- Of course, the more things change the more they stay the same. Searchfunder.com is a community of (supposed) business buyers. Thirty years ago, the same “buyers” would answer business-for-sale ads in the paper for years without taking action. Now they can publicly ask questions and give comments without taking action.
On the flip side, we did a podcast with Malcolm Peace who’s bought two companies and looks for legacy business where technology can improve efficiency and productivity.
Use tech as it should be used and it’s a huge benefit.
“A person doesn’t know how much he has to be thankful for until he has to pay taxes on it.” Ann Landers
“Whatever you do, always give 100 percent. Unless you’re donating blood.” Bill Murray
