10 Ways an Accountant Can Save Money for Your Small Business

How Technology Can Grow Your Small Business

When it comes to running a small business, growth, at times, can seem tough. However, the fact of the matter is that the progression of technology has simplified things for business owners, many-fold. In the days of the past, when technology hadn’t reached the state it has today, it was even more difficult for small businesses to grow. Here’s how technology has aided the struggle for growth:

Communication

One thing that we all know about small businesses is that they’ve got to make do with a limited number of employees who hold a number of responsibilities. With that being said, the need for effective and efficient communication between these employees appears to be absolutely vital. Why? Well, it’s because the success and growth of the small business depend upon how well these limited employees can coordinate with each other.

Mobile phones are, therefore, essential for the growth of small businesses. With the progress of science and technology, the means of communication continue to evolve as well. With the inception of smartphones, especially, employees have been empowered to literally stay connected with the business on the go. From checking the emails to replying to them to conducting important meetings—everything can be performed at the whim of a fingertip.

Productivity

What is the primary aim of small businesses, apart from making profits? It is to increase productivity, right? Why? Well, it’s because businesses—especially the smaller ones—have got a need for extracting the most possible productivity out of their operations, with the least possible increment in costs. And where does technology fit into the picture? Well, technology helps a business in becoming more productive. From helping employees with the generation of reports to taking care of rudimentary tasks, technology does wonders, especially when it comes to saving employees’ time. And what good is saving employees’ time? Well, when you talk about a small business with a limited number of employees, having such employees who have got time on their hands can be absolute gold dust!

Marketing

If you think about it, the progress of science and technology has completely revolutionized the landscape of marketing. Gone are the days when the only sources of pitching your product to the customers were the television and newspaper advertisements. Nowadays, with the inception of content marketing, the field of marketing encapsulates a much broader landscape. From simple, information websites to content marketing to complex digital marketing strategies, the fact of the matter is that the marketing of today has got so much to offer, as a result of science and technology. With that being said, small businesses are, perhaps, one of the biggest beneficiaries of this revolution. Why? Well, it’s because small businesses, nowadays, don’t need huge marketing budgets to run successful campaigns, as was the case in the past. All they need is creativity and they can do wonders with even a small marketing budget, on the back of technology!

Analytics

When it comes to small businesses, one of the most important things that business owners need to do is judge the performance of their business on a regular basis. How can that be done? Well, with the help of the analytical tools, of course. With the progress of the internet, small businesses have got the flexibility to deploy these tools within seconds with ease. Regardless of whether you wish to gauge the number of visitors to your website or measure your company’s key performance indicators, you can be sure of the fact that there will be some analytical tool available to cater to your requirements.

Payments

In the days of the past, the sending and receiving of payments used to be a big issue. The transfer of payments used to take a few days, which created problems for both of the parties. The introduction of web based payment systems, however, has made the procedure considerably simpler and convenient for everyone involved. With this payments flexibility, small businesses can be more open towards entirely new customer segments, without concerns for the credibility of the payments. Ultimately, this means that the client base of the business is widened, owing to how there much concern for the credit checks because of secured online payments. This, understandably, is nothing short of gold dust for a small business.

When you take it all into perspective, technology appears to be nothing short of a blessing for small businesses!

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