Technology might feel like the last in a long list of ever-growing business must-haves as a small business owner. Yet having technology that works for you can be the best way to save time by cutting out basic automated tasks that currently cost you hours of work each day. Investing in technology can help optimize your business by helping you monitor your finances, process payments on the go, and easily view your to-do list.
Here’s some top tips on how to make technology work for you and your business.
Technology That Helps You to Work on the Go
With remote working on the increase, you don’t have to be limited to solely working from home. Investing in a virtual merchant can help you to authorize and process transactions on the go wherever you can obtain a web connection. If you’ve got a product and you need to be on the move to sell it, a virtual merchant is a perfect toolkit to take with you.
Protecting Your Data and Privacy
You may be a sole trader or operate a remote workforce, but resulting legal fees or costs attached to data breaches can devastate a small business. This year alone, 43% of cyberattacks were directed specifically at small businesses. Investing in cybersecurity software can protect you, your team, and your client’s data. Here is a handy list of software to give you some ideas on where to start.
Analytics Software for Your Product and Your Finances
Inventory management and financial analytics software can give you an accurate indication of how your product is really selling and where you are with your income. As a small or fledgling business, getting a grasp on your inventory is essential, especially when you might need to wait for invoices to come in and really need to maximize your profit. Analytics software can help manage purchaser trends and your most popular products on a handy dashboard panel.
Project Management Software
As a small business owner, obtaining project management software can help you or your small team see what you need to do, and when. The best project management software should include a free trial so you can see whether it’s right for you, have easy portals for cross-collaboration, and task management with easily accessible dates. Having quickly viewable projects, and deadlines will save you time and avoid you missing that looming deadline in a pile of other, equally urgent deadlines.
Get a Virtual Office Assistant
As a sole trader or small business owner, your time is precious, and you may impact your clients if you aren’t immediately able to answer the phone. Investing in a virtual office assistant can save you time and money as you can hire either an individual or a company-based virtual office assistant to take your calls and deliver exceptional customer care. These also offer a variety of services as well, like booking flights or sending invoices, depending on the level of service required.
These tips, with a little investment, should save you time and money in the long run, leaving you time to do what you love without getting caught up in an avalanche of administrative tasks. Here’s to a technology full and relatively admin-free 2020!
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