With great money comes great responsibility. Imagine having a business with a million-dollar investment; how would you spend it?
Gone are the days of keeping the legacy systems alive. It is now the time for a leap of change into something that has never been heard before. Competition increases day by day due to broader access to technology, and there is no way you can achieve a competitive edge with the absence of innovation. My advice? Analyze the business process and allot a huge deal of the budget to innovation; a business’s success heavily relies on it
Business is a game of “adapt or die”. A large budget is dangerous, but if matched with a well-planned budget and an allocation for real innovation, you are good to go!