Monday, 23 July 2018

Information and commentary for the small business banking industry

Small businesses competitiveness and technology

07 Jun

In today’s fast paced business world, technology has become as essential to success as a great idea. It’s a real equalizer that puts even the smallest business on equal footing with the big players.
To grow a business the owner needs to harness the power of technology and use it to their advantage. Ditching in-house hardware is a good start. Moving as much of the office data to the cloud and making the most of the internet isn’t just safer, it’s easier and cheaper.
And speaking of online, using social media to its fullest advantage is also a great way to make the most of technology. Small business owners can engage with their customers on a personal level, meaning they’re creating a potentially larger customer base.
And of course, embracing mobile solutions is a must. The modern smartphone is essentially like a mobile office. Use it to manage meetings, track expenses, autotype emails, and stay organized.
It’s also worth looking into creating a virtual office. The savings on commercial rent is significant, and people often like working from home, especially since technology makes it so much easier to stay in touch.
The below article looks at some of the other technological solutions small business owners can use.

Read the full article at:

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