There’s no better time to start a business than today. The 20th century presents a garden of opportunities for those who aspire to be entrepreneurs or start working on their own terms.
Technology has removed the barrier to entry in some industries and allowed startups to compete head-to-head against the giants in their industries. We’ve even seen startups like Tesla and Uber overtake former industry leaders by utilizing technology as part of their business strategies.
Because of this, even established businesses who have been around for years realize the need to rebrand their products and services to serve the needs of a new breed of consumers.
Millennials and younger generations are more exposed to technology than their older counterparts. This difference in lifestyle is prompting businesses to adapt and become more familiar with technology so that they can leverage these tools for their business.
The business landscape is shifting, and businesses must make wise decisions on how to use these new tools in their strategies. One area that matters is whether to pick off-the-shelf software or build a custom one for their business.
This infographic pits the two types of software side-by-side and compares their features to help business owners and IT managers assess which one is more valuable to their business. Deciding can be tricky, but with your goals in mind, you can pick the option that will benefit your business in the long run.