As a business owner, do you ever feel like younger (perhaps smaller) companies are surpassing your organization by having more flexibility and agility? In most cases, this is a result of your organization’s inability to modernize. After all, what worked five, ten, or 15 years ago probably isn’t as relevant today as you wish it were.

By understanding the need for modernization and tactfully approaching individual aspects of your business, you can modernize your mature business to meet relevant consumer demands in the digital age.

Seek 3rd Party Advice & Feedback

Planning for the future is incredibly important for all businesses. Without some sort of emphasis on progression, it’s easy to become obsolete. This is especially true if the business is also a family business. “Family businesses tend to be insular,” says Henry Hutcheson, president of the consulting firm, Family Business USA.

If you (or your critics) would describe your business as closed-off or narrow-minded, it’s critical that a fundamental change takes place. Begin pursuing modernization by accepting outside advice. It’s the one of the best ways to prolong the success of your business and maintain profitability in the coming years.

Hutcheson advises small family businesses to regularly meet with outside resources to ensure they’re the organization and its leadership stay open-minded. “One of the most effective ways [to combat against being insular] is to have nonfamily, nonemployee folks as a part of an advisory board that meets regularly—a group of professionals who you can use to move the business forward and bring in some straight talk about modernizing the business.”

Tangible Tips for Modernizing Your Business

How you specifically modernize your business will depend on the current structure you have in place, which technologies you’re using, and what sort of opportunities are available in your industry. However, most businesses, regardless of size or scope, will find the following tangible tips helpful:

Migrate Legacy Apps to the Cloud

If you’re not taking advantage of cloud computing yet, you’re way behind. Not only does cloud computing give you access to economies of scale and thousands of resources you never thought possible, but it diminishes your need for expensive hardware and costly IT upkeep. If you’re still using legacy apps, it’s time to migrate them to the cloud. You’ll save money in the long run and simultaneously improve efficiency.

Streamline Old Accounting Procedures

Are you still using outdated books and manual procedures for accounting? If so, you’re wasting hours of your time each week. Streamlining old accounting processes with newer online software will greatly enhance your accuracy and speed. You may also find new ways to save money through tax credits and deductions that you were unaware existed.

Move VHS Training Tapes to DVD

It may not seem worth it at the time, but converting that old pile of VHS training tapes into DVDs can help you in a number of different ways. Primarily, converting company videos into a modern format helps you avoid data loss. Working VCRs are hard to come by and quality is pretty terrible in most cases. Furthermore, converting to DVD prevents you from needing to re-film videos (saving your company money). This modernization of your record keeping will allow your business to move forward in a more efficient manner.

Hire Remote Employees

Finally, don’t be afraid to hire remote employees. Not only does this open up your potential talent pool, but it also reduces your demand for physical office space. In other words, you can get better talent and pay less for it.

As we close in on the end last quarter of 2015, it’s important that you prepare your business for growth int he new year. Part of this requires you to do away with old technologies and practices and establish modern methods for tackling complex issues and struggles. With these four tips, you can get a head start on the future.