Ignoring technology costs can lead to several risks for entrepreneurs:
1. Financial Strain: Unanticipated technology expenses can strain your financial resources and affect other areas of your business. 2. Operational Inefficiency: Outdated or inadequate technology can hinder your business operations and productivity. 3. Security Vulnerabilities: Failing to invest in proper cybersecurity measures can expose your business to data breaches and cyber threats. 4. Competitive Disadvantage: Not keeping up with technological advancements can put your business at a disadvantage compared to competitors who leverage the latest tools and innovations.