{"id":35996,"date":"2023-01-16T14:35:31","date_gmt":"2023-01-16T19:35:31","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?p=35996"},"modified":"2023-01-16T14:35:31","modified_gmt":"2023-01-16T19:35:31","slug":"economic-outlook-2023-shaw","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2023\/01\/economic-outlook-2023-shaw\/","title":{"rendered":"Economic Outlook 2023: Shaw"},"content":{"rendered":"<figure id=\"attachment_35997\" aria-describedby=\"caption-attachment-35997\" style=\"width: 193px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-35997\" src=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2023\/01\/eco-ouylook-shaw-c-193x300.jpg\" alt=\"\" width=\"193\" height=\"300\" srcset=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2023\/01\/eco-ouylook-shaw-c-193x300.jpg 193w, https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2023\/01\/eco-ouylook-shaw-c.jpg 432w\" sizes=\"(max-width: 193px) 100vw, 193px\" \/><figcaption id=\"caption-attachment-35997\" class=\"wp-caption-text\">Mark Shaw, president and CEO of Stored Technology Solutions Inc. (StoredTech).<\/figcaption><\/figure>\n<p>by Mark Shaw<\/p>\n<p>The economic outlookfor 2023 is the dreaded R word\u2014Recession.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>It`s here. We know the media and our government are not exactly forthcoming saying it\u2019s here, but if you are a consumer you see the change. Technology is often the canary in the coal mine. When tech companies start cutting jobs, that is when we see things starting.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Amazon, Facebook, Twitter, and just a few days ago Salesforce, recently cut their workforces. Additionally, the news was just released that the financial sector cuts are coming. These two major driving economic forces are the first to start the layoffs. Next up, all of us.<\/p>\n<p>But as a small business owner there is some comfort in the fact that you can probably find some places to cut costs and save money. Ideally, you have probably been doing this all along as the inflation numbers have grown. When it comes to your technology, if you currently have an IT staff, even if it\u2019s just one person, you can use some cost-effective, time-tested methods to meet your needs.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>In today\u2019s world you can outsource your information technology for often a fraction of the cost of retaining a fully loaded employee. Multiple studies shown that firms with 1-10 IT staff members have seen significant savings by outsourcing to an IT consulting firm. I have first-hand experience of the best ways this can and has been done.<\/p>\n<p><span class=\"s1\"><span class=\"s2\"><!--more--><\/span><\/span>First, outsourcing doesn\u2019t have to mean firing people and leaving them without a job. We all put people first and finding a balance is ideal. So, you are now left wondering how do I save money, cut staff, and still get great technology support and advice? Well, there are a few ways to do this. Let\u2019s talk about what using a third party company to manage your IT needs can do to dramatically improve your life.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>No more loaded costs with 401k, healthcare, vacations<\/p>\n<p>No more worries about all the keys to the kingdom in one person\u2019s hands<\/p>\n<p>No more fears over someone else scooping up your critical tech staff<\/p>\n<p>No myopic view of the world. Only seeing your business and no ability to benchmark what the best of the best are doing.<\/p>\n<p>Imagine you now take those dollars spent on internal IT staff and move them to someone else. Someone who will handle all that and provide a team of engineers, customer service, and technology solutions for your business. You\u2019ll no longer be worried about costs of staff or the dreaded \u201cWhat happens if so and so is hit by a bus\u201d scenarios.<\/p>\n<p>You have a team who also has seen businesses just like yours, probably many of them. This group of skilled people can work daily to manage your environment, sometimes 24\/7\/365. Watching your technology around the clock requires a massive amount of resources, experience and expertise. No one person or even your small set of in-house staff could possibly do this.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>To take this one step farther, many IT firms like my own are always looking for great tech talent. On more than one occasion, we have worked with a company to bring some of their team who otherwise might be laid off and put them to work for us. This keeps a friendly face your staff all knows and allows us to introduce new people as well. What a complete win-win-win scenario.<\/p>\n<p>You get to reduce costs, the IT consulting firm gets to add a valuable person to the team and the employee you had to let go is now comfortably employed and is still a resource to you.<\/p>\n<p>Take that, recession.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>by Mark Shaw The economic outlookfor 2023 is the dreaded R word\u2014Recession.\u00a0 It`s here. We know the media and our government are not exactly forthcoming saying it\u2019s here, but if you are a consumer you see the change. Technology is often the canary in the coal mine. When tech companies start cutting jobs, that is [&hellip;]<\/p>\n","protected":false},"author":89,"featured_media":35997,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[148],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Economic Outlook 2023: Shaw - Glens Falls Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2023\/01\/economic-outlook-2023-shaw\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Economic Outlook 2023: Shaw - Glens Falls Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"by Mark Shaw The economic outlookfor 2023 is the dreaded R word\u2014Recession.\u00a0 It`s here. 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When tech companies start cutting jobs, that is [&hellip;]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2023\/01\/economic-outlook-2023-shaw\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Glens Falls Business Journal\" \/>\r\n<meta property=\"article:published_time\" content=\"2023-01-16T19:35:31+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2023\/01\/eco-ouylook-shaw-c.jpg\" \/>\r\n\t<meta property=\"og:image:width\" content=\"432\" \/>\r\n\t<meta property=\"og:image:height\" content=\"672\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\r\n<meta name=\"author\" content=\"Jake Van Ness\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Van Ness\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2023\/01\/economic-outlook-2023-shaw\/\",\"url\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2023\/01\/economic-outlook-2023-shaw\/\",\"name\":\"Economic Outlook 2023: Shaw - Glens Falls Business Journal\",\"isPartOf\":{\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#website\"},\"datePublished\":\"2023-01-16T19:35:31+00:00\",\"dateModified\":\"2023-01-16T19:35:31+00:00\",\"author\":{\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#\/schema\/person\/a11ec438b5f0e57f1156754ba3931b86\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2023\/01\/economic-outlook-2023-shaw\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2023\/01\/economic-outlook-2023-shaw\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2023\/01\/economic-outlook-2023-shaw\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economic Outlook 2023: Shaw\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#website\",\"url\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/\",\"name\":\"Glens Falls Business Journal\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#\/schema\/person\/a11ec438b5f0e57f1156754ba3931b86\",\"name\":\"Jake Van Ness\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8083519989e12032abdd06a668982ef4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8083519989e12032abdd06a668982ef4?s=96&d=mm&r=g\",\"caption\":\"Jake Van Ness\"},\"url\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/author\/jakev\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Economic Outlook 2023: Shaw - Glens Falls Business Journal","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2023\/01\/economic-outlook-2023-shaw\/","og_locale":"en_US","og_type":"article","og_title":"Economic Outlook 2023: Shaw - Glens Falls Business Journal","og_description":"by Mark Shaw The economic outlookfor 2023 is the dreaded R word\u2014Recession.\u00a0 It`s here. 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