What mistake do new business owners make again and again? A startling number of entrepreneurs and startup business owners make the critical mistake of going it alone. In other words, entrepreneurs assume too many responsibilities — and often in areas where they lack expertise. There is nothing wrong with asking for a little help, especially in areas where it may be beneficial to bring in an experienced individual or firm. Where do new business owners need the most outside help?

Cloud Computing Technologies

“Data space can be a huge issue for small businesses. But you don’t need to purchase [an] expensive kit to get around this. Many small businesses are opting to outsource data storage,” The Telegraph warns entrepreneurs and startup businesses. New businesses can, however, save a great deal of money by opting for affordable cloud computing services. In addition to cost savings, cloud computing also enables employees to easily and efficiently access company systems from remote locations — something that can be important for business trips and networking.

Electronic Billing Services

For any new business, it is critical for billing statements and finances to be 100% accurate. It can be expensive — and time-consuming — to fix mistakes. Save on toner, ink, and relevant software by outsourcing billing services. Also keep in mind that specific printing and billing services will have the most up-to-date software, and the capability to offer billing in new ways to meet consumer demand. (Just about all consumers expect to be able to pay their bills electronically and/or via mobile device.)

Product Lifecycle Management Solutions

At least 80% of small businesses fail within their first 18 months, according to Forbes. To avoid becoming a statistic, businesses need to carefully manage finances and avoid spending money unnecessarily. Product lifecycle management services — or PLM tools — help you monitor the value of a given product or service from implementation and beyond. If something is no longer profitable, PLM gives business owners enough of a heads up to do something about it.

Most startup businesses will fail. Beat the odds by knowing when and where to get help. Whenever possible, consider outsourcing — or bringing in extra help on — cloud computing technologies, electronic billing services, and product lifecycle management. Learn more at this link: www.informationoutsource.com