Small business owners, particularly those that have just started out are always on the lookout for ways that can help them save money. Technology has the ability to help them out a great deal in this regard. Not only does it make things simpler, it also makes things more cost-effective. For example, back in the days when paper was used, sending a bill to a client meant using paper, a stamp, correction fluid and a whole trip to the mailbox just to get things done. But now, thanks to the advent of technology, bills can be sent from the comfort of your office through email. So if you want to use technology as a means to save money in your business, here’s what you need to do:
Stop Using Paper
Making invoices, doing the accounts, HR management etc are already quite complicated and creating mountains of files with paper stuffed into them makes things worse. Tracking files and papers takes up way too much time and should be stopped. Technology has made it possible for business owners to handle all the major operations of their business without paper. This would help you organize your data in an easier manner and access to it would be uncomplicated. Doing so would also prevent you from those expensive trips to the office supply store that were a monthly liability!
Let Employees Work Remotely
Businesses these days are largely focused on getting work done by clients based even in remote locations. Technologies like VoIP calls, instant messaging, and software meant solely for project management, video chat etc. have made it easier for business owners to get work done even if their employees are not available at work. This makes dealing with vacations and sick leaves even easier, thereby guaranteeing that productivity is never lost. The best part is that the use of technology now also allows entrepreneurs to hire offsite or even offshore employees. This is an extremely cost-effective method of getting work done and saving money at the same time!
Use Open Source Software
FOSS or Free and open source software are the perfect option for entrepreneurs considering that they are either free or are extremely affordable. You now have a choice between obtaining original Photoshop and Microsoft programs that cost hundreds of dollars and free software such as OpenOffice. If you are worried about your clients finding out what software you have used, then let go of your worries! It is highly unlikely that your clients would ever get to find that out as their interface and tools are pretty much of the same quality as those that cost lots!
Take up Social Networking
If you ever came to know that there is a free method of marketing your products and services, what would you do? Of course, you would employ it right away! This holds true for social networking websites such as Twitter, Facebook. These sites are the best means of reaching out to your target audience without spending any money. If you think that social media marketing is expensive, let go of that thought right now!