5. Try the cloud
5. Try the cloud
Many business owners are still uneasy about hosting sensitive data off-site. But it's brought savings of almost $33,000 annually to Choice Translating, which has offices in Charlotte and Lima, Peru. Since getting rid of seven servers and two firewalls, co-owner Vernon Menard III no longer pays $15,600 annually for IT support. Other savings: cheaper backups, lower electric bills, and no downtime caused by hardware and software problems.

--Verne Harnish is the CEO of Gazelles Inc., an executive education firm.


Last updated September 22 2011: 7:31 AM ET
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