There are only 8 reasons a business owner would make a change their business phone system and this article covers the 6th reason.   The first reason is: Hardware or Software Failure The second reason is: Office Move The third reason is: Contract, Circuit, or Maintenance Renewal The fourth reason is: Growth, Expansion, Multi-Location The fifth reason is: Capacity The sixth reason is: Price   The sixth reason a company would make a change to their business communications has to do with price. In many cases, the cost of the phone lines alone can pay for a new phone system.   There are many factors that go into calculating the total cost of your business phone system:  
  • Voice & Data Circuits
  • Moves, Adds, and Changes
  • Power Consumption
  • Real Estate Space
  • Property Taxes
  • Hardware & Software Capital Expense
  • Maintenance Agreements
  • Software Updates, Upgrades
  • Local/LD/Toll-Free Usage
  • Regulatory Taxes and Fees
  These are all tangible costs you can easily quantify. What about the costs that you can’t easily capture?  
  • Lost Opportunity Costs
  • Lost Productivity
  • Power or Circuit Outages
  Opportunity: If your prospects are not able to reach you, they will call another vendor, causing you to lose potential business. If your system doesn’t have features allowing you to capture that caller, you are missing an easy way to make money. How much is a new customer worth?   Productivity: If customers and vendors are not able to reach you or have to play phone-tag to get ahold of you, not only is it frustrating for them, but it also increases the time to conduct business, introducing extra wasted time into the equation, and decreasing productivity. What’s that costing you?   Outages: With an on-premise system, a business is susceptible to power and circuit outages. When this happens, obviously, your business is down, your employees are unable to work, and customers/prospects are unable to reach you. What does it cost you to be down for a day due to a phone system outage or circuit outage?   The best solution is to leverage a system that is hosted; one that will allow you to grow your business, expand your staff, and add more customers without the threat of an outage, expensive maintenance, and technical obsolescence. With a hosted system, phone calls are routed over the Internet and the service provider typically has a highly available, geographically redundant hardware and server infrastructure. This means that you don’t have to worry about hardware or software failure, maintenance updates or upgrades, and internet circuit or phone line outages. You can focus on hyper-growing your business.   For more For more information or for a free demo go to
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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.