Technology is a vital source of information and management tools for today’s entrepreneur. In fact, it is a source of power in a way. It allows us to do things better and faster than before, and the better you utilize it the stronger it makes your business.
“The new source of power is not money in the hands of a few, but information in the hands of many.” – John Naisbitt
There are hundreds of ways technology can make a business stronger and more efficient, but following are three areas where technology can be most useful.
There are hundreds of money management programs available today, from simple spreadsheets to budgeting and bill pay systems that connect to your bank account. They range in price from free to hugely expensive and range in complexity from super simple to those that only a professional can understand. Look around and find the right one for your business and needs.
There are programs available that can help keep up with scheduling, payroll, and even multiple locations if applicable. This is important to staying organized and on top of things, which is important to the business’s survival and to the confidence the employees have in the employer.
Today’s advertising world goes far beyond newspaper, television, and radio. The social media revolution has put virtually free advertising at the fingertips of every entrepreneur out there that is willing to put in the work. Facebook, Twitter and SEO blog posts can get the word out in a serious way for very little cost.
Biz2Credit.com utilizes technology in ways that help small businesses get started and grow to their fullest potential. They utilize a network of 1,100 lenders, both bank and nonbank, which include credit unions as well as alternative lenders, to connect small business borrowers to the financing they need. Women business owners, minority business owners, and others can count on sites such as this to help them find receivables financing, small business lines of credit, and more.
Technology is an important part of today’s business world, and utilizing it properly is necessary to entrepreneurial success. These areas are a good starting point.
This article was submitted by Faith Stewart. Faith Stewart has a BBA with a major in accounting and spent 10 years working in the various aspects of accounting and finance before pursuing her passion for writing.