So, what is the “Cloud?”
The Cloud is simply a fancy term for your Programs and Applications being made available to you via the Internet. Much like electricity these items are provided to your computer on-demand.
Why is this a good thing? 
First, for small companies, the overhead of having a full-IT staff is eliminated. In the case of Office365, most of the headaches you experience with in-house IT just disappear into the cloud as hundreds of IT professionals are at your 365 demand.
In addition, Office 365 means these applications are available to you 365/24/7 without fail, and Microsoft backs up that claim with money back if you fail to reach their services because of an outage on their end. Of course, if your internet connection is out or damaged, that problem comes back to you and your ISP (Comcast, AT&T, Verizon, etc.).
Lastly, the costs of upgrades, changes, patches, and new software become available to you as the software is ready. Unlike waiting for boxed copies to arrive at your local Office store, you can get the software immediately delivered to your computer. No longer will your computer be 2-3 editions behind the current software.
Microsoft is so sure of their new products (BPOS, Office 365, and more), they are offering $1500 in credits if you sign-up for their services now. Contact us at trueITpros to get your free trial and/or the $1500 in credits and begin doing your business in “the cloud”