Technology can help small business owners leverage limited capital in smarter and more effective ways. In some cases, using technology is a natural progression for processes you may already have in place in your business. In others, you may need to make some adjustments to reap the benefits of these tech-friendly alternatives. The good news is that the benefits will often outweigh the short-lived challenges of the transitional process, once your new systems are in place.
These ideas will help you use technology in your small business to do more with less and become more efficient and versatile. Not tech-savvy? Don’t worry. Many of the ideas include links to articles that will help you get started, quickly and painlessly.
1. Use time tracking software to see where you are spending your time so you can become more productive.
2. Explore open source applications to replace some of the more costly “name brand” alternatives.
3. Streamline your work processes with digital dictation.
4. Use project management and task management tools to stay on top of your daily business responsibilities.
5. Create a digital filing system to make it easier to sort, save, share and find documents.
6. Develop an efficient email management process that makes it easier to stay on top of the flow of messages.
7. Use an online invoicing service to reduce the costs of collecting payment from customers.
8. Use online budget tracking to keep on top of — and reduce — your expenses.
9. File your taxes more efficiently online.
10. Create a new income stream by selling your products online.
11. Use a comprehensive accounting software to streamline your business finances.
12. Share digital files with your bookkeeper or accountant to improve your ongoing bookkeeping processes.