Technology can help small business owners leverage limited capital in smarter, more effective ways. In some cases, using technology provides greater efficiency and versatility, making it a natural progression for processes you may already have in place in your business. In others, you may need to make some adjustments to reap the benefits of tech-friendly alternatives.
The good news is that the benefits often outweigh the short-lived challenges of the transitional process, once new systems are in place. Here are some areas to explore when you’re ready to ramp up your use of technology in your business.
Other than the fact that there is no one solution fits all, if we start listing out each function of your business that can possibly benefit from a technology improvement then this won’t be a blog anymore, more like a book.
Here are some things which we would highly suggest you look at using technology to improve your processes:
Productivity
Using time tracking softwares, or project management tools will help improve accountability, process improvement, and productivity. It will also streamline your work processes, by using project management and task management tools to stay on top of your daily business responsibilities.
Financials
Use an online invoicing service to reduce the costs of collecting payment from customers. Coupled with using online budget tracking to keep on top of and reduce your expenses, you will be able to, file your taxes more efficiently.
Marketing
Using softwares to create a marketing plan that you can edit, update and share with your team will help you reach a wider audience, specially by leveraging platforms such as Facebook, Twitter, Google+, Pinterest, YouTube, etc. to promote your business, products, and services.
You can even maybe think about starting a blog related to your business and target audience, which can help you collect email addresses through an opt-in form and start utilizing the power of email marketing.
Mobile Working and Telecommuting
Using online collaborative tools you can keep track of your team’s performance, communicate with them and collaborate with them on various projects to work more efficiently. This is not only a streamlined way of operations, it is also good for the environment by going completely paperless.
Did you know we offer consultancy on streamlining your business using technology, so if you want more information on any of the above points, we’re here to help.
