June 30, 2018

Small businesses that embrace technology do better, says BDC

Although technology is used successfully by most large businesses, a recent poll of Canadian and American businesses has shown a high percentage of small businesses do not take advantage of available technologies for inventory to human resources to make them more successful. The biggest reason is that these businesses are worried about the start-up costs, but in reality, they are hurting themselves by not making the investment. Businesses that invest in technology are outperforming those that don’t use it.

“According to a new study from the Business Development Bank of Canada (BDC), small and medium-sized businesses in Canada are lagging behind when it comes to adopting technology, with only one in five having what the bank calls an ‘advanced digital profile.'”

Read more: https://www.cbc.ca/news/canada/windsor/small-biz-tech-bdc-1.4869041

Ask Our Experts

Quadrant is dedicated to your financial success. Get expert advice and insights to grow your business and plan for your future.

Request a Consultation