As an owner of a Technology business you make money each time a customer purchases your products or services. In many cases this is a straight forward purchase of a product or service. In other situations technology businesses have other forms of monetization based on site visitors, advertisers or percentages of sales that are passed on to another business.

As the owner of the Technology business you are responsible for running the business or having an employee or team run your business for you. It all depends on your skills and your willingness to spend time on your business.

Running a Technology business can be a busy and highly variable job, depending on the type of business you operate. There is sales (finding customers), on-boarding, training, technical maintenance, keeping track of records, accounts payable, accounts receivable and sending regular communications to your clients.

When you own a Technology business you can make your own hours, it can be run part time, the business is generally easy to monitor, there are normally few employees, the books are easy to maintain, the risk is spread amongst many clients so if you lose a customer you can find another business to work with. The business can be grown fairly easily for a person with the ambition and time to dedicate to finding new clients. If you have current customers, referrals and word of mouth are great ways to grow your business.

The Technology industry is a fast growth industry with many business segments projected to grow at exponential rates in the coming years. There are many great articles about the future of the Technology business that you can find through a simple Google search.

Obviously, when you own a Technology business you often deal with sensitive information which needs to be handled as as safely as possible. There are several factors to consider when choosing which is business for is best for you and risk is a critical component to consider. Every owner is different in regard to how, when and what businesses they feel comfortable running and servicing. The things they do to protect themselves while running the business is also a personal choice and varies from person to person. In many cases there are specific guidelines and rules as how to handle client and others’ information. As in any case, common sense is often your best protection against crime.