3 Tech Money Pits That Are Costing Small Businesses ThousandsEvery small business in the GTA and Simcoe County struggles with wasted time and hidden costs. Most owners don’t realize how much money and energy is leaking through their tech stack. Book a FREE Cybersecurity Risk Assessment NOW!

How Inefficient Tech Is Costing You Big

One business owner spent an hour auditing her 12-person company’s tools. She discovered duplicated systems, redundant data entry, and chaotic communication costing thousands monthly.

After seeing the problem, she streamlined her tools, automated repetitive tasks, and established clear workflows. Suddenly, 12 hours per employee each week were freed up—time that translated directly into money saved and, eventually, a Hawaii vacation booked.

1. Communication Chaos

Teams often juggle e-mail, Slack, Teams, texts, and calls. Important files get lost in threads, and employees waste hours just searching for what they need.

A marketing agency fixed this by designating one platform for each type of communication and enforcing a rule: “If it’s not in the designated system, it doesn’t exist.”

Time saved: Three hours per employee weekly. Your Hawaii fund grows $2,000+ monthly.

For a reminder that security starts with your people, check out The Most Secure Data Security Measure Is Within You.

2. Disconnected Tools That Don’t Talk to Each Other

Manual data entry across multiple systems is expensive and error-prone. Every lead entered multiple times is wasted human work—and dollars.

A real estate agency automated workflow across CRM, project, and accounting systems. Human time dropped from 14 minutes per lead to 30 seconds of verification. Your Hawaii fund jumps $5,000–$20,000 annually.

Worried your IT might be falling behind? Read 3 Alarming Signs Your Business IT Is Falling Behind for a quick checkup.

3. Paying For Tools You Don’t Use

Many businesses pay for software they no longer need. Unused subscriptions cost hundreds monthly, silently draining cash flow.

Step 1: Audit all recurring charges. Step 2: Ask—did we use this in the last 30 days? Step 3: Cancel redundant or unused tools.

Time saved: Even modest audits free $6,000–$18,000 annually. Your Hawaii fund could cover first-class flights with upgrades. For industries where compliance matters, it’s smart to stay alert. Check out 10 Signs of Medical Fraud You SHOULDN’T IGNORE to see why audits pay off.

Your Vacation Fund Adds Up Fast

Conservative estimate for a 10-person team:

  1. Communication chaos: $36,400/year
  2. Disconnected tools: $4,000/year
  3. Unused subscriptions: $6,000/year

Total: $46,400—money you could use for vacations, bonuses, or equipment upgrades.

These savings repeat every month. Fix your systems, and next year you could have Hawaii booked and another $46,000+ ready for 2027.

Book a FREE cybersecurity risk assessment and discover exactly where your money is leaking.

Darryl Cresswell
CEO & President
MYDWARE IT Solutions Inc.