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what is a technology audit for small businesses and does it actually save money

Shawn HullFounder and CEO, Aspire Partners. Author of The Smarter Way to Make Money.

Yes, it saves money. A technology audit is a line-by-line review of what a business pays for software, subscriptions, and services. Most businesses are overpaying and don't know it.

I've sat across from owners who had four tools doing the same job. They signed up for something, forgot about it, signed up for something else. Nobody audited the stack. When you go through it carefully, you almost always find redundancy, unused seats, and vendor contracts that auto-renewed at a higher rate. The savings are real and they show up on the next statement.

Here's why I care about this more than most people selling technology services. I sort residual income into four kinds: real estate, retirement accounts, royalties, and expense reduction. The first three give you money, but the client doesn't get anything new each month. Expense reduction is different. The client gets fresh value every month because the savings hit every month. That's a real residual. That's why I stay in it.

The test I use for any service is simple. Would the client ever want to leave? If the savings are still on the books, the answer is no. That's the whole idea. You're not buying a report. You're buying a permanent reduction in what you spend. The audit is just how you find where the money is going.

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