Without knowing where the business is going, you cannot possibly properly choose and implement technology. Without knowing where the business is going, you will not know if it pays to invest in technology or if you will have the cash flow to finance the investment. Once the premise of ongoing operation of the business under your management is established, you then must address the specific planning of automation technology. Cash flow for the year. If you are not certain that you can pay the bills that come up during the year and meet other commitments, having the greatest technology in the world in place is like owning a Rolls Royce, but being unable to afford the gas to drive it.
Cash flow is based on the year's activities.
Many variables influence your meeting the cash flow plan and they all begin with selling as many goods and services as you plan to. To sell those, you must have a plan of how to interest the customer. Without writing down a technology plan and how you intend to implement that technology plan, you cannot meet your objectives or goals. Technology is a valuable tool in improving the leverage of costs to increase profits. Disaster avoidance and recovery plan.