Hotline: 1800 102 2007
Search Business Opportunities

5 Ways to Choose a Technology Vendor

An entrepreneurial job is to understand and analyze their business needs and then find the right technology partner to provide the required solutions.

To most of us technology sounds Greek and what can be better than avoiding something that you do not understand. But when you are an entrepreneur it is not about you but your business and your business needs technology. With advantages like cost effectiveness, becoming transparent, getting rid of paper and benefits in scaling up, the use of technology cannot be ignored. 


Rakhee Nagpal, MD DVS, a market leader in India providing end-to-end, integrated software solutions to the retail and hospitality industries says, “The purpose of an entrepreneur is to excel in his business venture. One can excel only with efficiency and technology helps bring in efficiency.” But this in no way means that you need to be a tech wizard. Rakhee further adds, “An entrepreneur’s job is to understand and analyze their business and its needs and then to find the right technology partner to provide the required solutions.


Mentioned below are 5 things to keep in mind when you go about choosing the right vendor for your business:



1.     Identify your IT needs


When you are looking to upgrade your business or facilitate your business with technology, don’t think technology first. The right way to start is to analyse and understand your business. Which are the functions and processes which you would like to automate and which not, which are the systems which you like to make more efficient and likes. When you are clear about your technology needs, then you can go about looking for right partner or vendor.



2.     Look for somebody who understands your business


Your partner has to be passionate about your business. “Your IT partner must understand your IT needs and for that it is extremely essential for you to understand your business,” says Rakhee. “They should be able to simplify your business by integrating various verticals rather than complicating it further.”



3.     When to look for a partner


According to Rajesh in the first stage all that a business needs is some computers, internet connection and security. Here an IT partner might not have a major role to play. But once that is done and the entrepreneur plans to expand his business in terms of scale or area of operation then it is necessary to have the technological support to keep track of the business. This can be done only with the help of an IT expert.



4.     Think futuristic


One must have an idea of number of stores or offices that one might have in the next 4-5 years. Keeping that in mind one should select a partner who can stay with you for at least 5 years,” says Rajesh.



5.     Look for partners who can provide customized solutions


Rakhee says that an IT partner must have the knowledge of local laws and taxes so that they can provide you with some backend support as well. At the same time the technological solution provided by your vendor must be localised or customized to suit the needs of your business.











Related opportunities
  • Furniture/Home Decor & Furnishing
    About:Little Nap is a highly - respected and reputed recliner..
    Locations looking for expansion New Delhi
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • About:Maroosh is Arabic for "fanning the coal" an iconic chain,..
    Locations looking for expansion Maharashtra
    Establishment year 2011
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 250 - 350 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Quick Service Restaurants
    We are one of the leading brands of Dehradun specialist..
    Locations looking for expansion Uttarakhand
    Establishment year 2003
    Franchising Launch Date 2003
    Investment size Rs. 2lac - 5lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Dehradun Uttarakhand
  • Fine Dine Restaurants
    Inviting Franchisee’sMyGovinda’s- 100% Holistic Vegetarian CuisineMyGovinda’s is a unique conc..
    Locations looking for expansion Dubai
    Establishment year 2001
    Franchising Launch Date 2015
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2000 sq ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Dubai Dubai
Insta-Subscribe to
The Franchising World
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities