Financial Flops: 5 Reasons Solution Providers Lose Money In The Cloud

Focus On Fixed Costs

One of the first mistakes that van der Zweep said he often sees is that companies are still living in a "world of fixed costs," even though cloud means business is more flexible than ever. He said many of the solution providers he works with still assess their costs through spreadsheets on a semiyearly, or even yearly, basis, when cloud costs are constantly changing around them. He said it is important for businesses to update their costs more often, even daily, to better reflect profitability and usage.

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