The biggest expense for most software companies is payroll. Technology equipment is cheap compared to the salaries of software engineers who design, develop, test, and deploy the software. Few entrepreneurs plan for this expense when they start their companies. However, payroll expenses can often trigger cash flow problems for technology companies. Unlike supplier payments, whose timing […]

The information technology (IT) industry is extremely competitive, with a number of small and medium-sized firms aggressively competing for customer contracts. Because of the heavy competition, only the smartest and toughest survive in this industry. An IT company and its finances need to be managed carefully to succeed. Many companies fail at this point. IT companies are usually started by technology-savvy people […]