5 Money Saving Tools For Your Business
As an entrepreneur, the focus of your day will revolve around your business. How can you optimize certain areas or diminish costs in other areas? As we continue through the second decade of the century, it will become easier to automate different duties and sections of your business. Thus, saving money and increasing productivity through technology will become an achievable goal. On the other hand, the technology currently available to us is powerful already. There is a wide assortment of utilities, applications, software, and services that have the ability to save you hundreds, if not, thousands of dollars on a yearly basis. In this article, we will be going over several apps and software that will save your hard-earned money.
Look at your schedule and look at the schedule of your subordinates, how many hours a week are you and your team spending traveling to and from meetings? Although many older business leaders fail to recognize it, meetings will take upwards of 35% of your time if you are in a management position. This may result in short bursts of productivity, however, in the long run, it ends up wasting almost $37 billion dollars per year in revenue.
In order to combat this lack of productivity, you can abolish the money-wasting meeting protocol. Alternatively, you can integrate an online workflow application like Fuze into your management system. Programs like this provide the accessibility of a meeting while providing the productivity of an uninterrupted work day. With applications like this, you can chat, video, and collaborate on content without leaving your office.
Following the previous notion of online workflows, remote work is becoming more prevalent in the modern workplace. In the 2016 US Department of Labor economic news release, they mention that 35% of American management professionals did some to most work from a remote location which is up from 19% in 2015. There are many implications that arise allowing remote work including but not limited to, diminished rent expenses, higher workforce moral (in turn, higher rates of productivity), access to better talent, and faster response times. Although the majority of these implications may not directly affect your bottom line, they will indirectly in the level of productivity that you and your team exhibit.
A large part of modern and future technology will revolve around automation. In fact, there are many companies that offer automated services for marketing, sales, contacts, lead generation, and much more. Infusionsoft is one of these companies. Integrating software that provides applications and software of these types will further enhance the productivity. Thus, you will have more time to focus on what truly matters, your business. Marketing automation and sales automation is a streamlined data gathering system that will pick out the customers or visitors who are most likely to make a purchase. These software applications are complimentary, one provides the platform for creating your marketing scheme and the target demographic, while the other collects data on those who click on your advertisements. Instead of hiring a marketing and sales team, these applications can streamline the process while garnering great results.
Streamline Your Hiring Process
One of the most time-consuming aspects of running a business is finding the right talent. Oftentimes, this process will bring your meager results disguised as a blessing. Fortunately, with online job boards and resume databases, the risk of hiring an unqualified individual has drastically decreased. Furthermore, applications like Proven have streamlined the online hiring process for entrepreneurs such as yourself. Focused on helping small businesses, Proven helps you acquire talent with greater reach and ease. Their software allows you to deploy your job posting to over 100 job boards and screen any candidate that applies, all on your mobile device. This will save you time and streamline a tedious aspect of entrepreneurship.
Payroll is the unsung hero of the business world. Fortunately, there are applications that automatically clock in and clock out your employees with precision and accuracy. Advance systems are geared towards small business and enterprise solutions with compatibility for businesses with 10-10,000 employees. Applications such as these will negate the need for payroll management and provide you with one on one support if there are any difficulties.
Owning a business is a tough job. Fortunately, there is a wide variety of software applications that grant you the ability to focus on the crucial aspects of your business. Whether it is workflow or communication, there are many ways that contemporary software can benefit your business. Consider integrating these into your business model.
Jessica Kane is a professional blogger who writes for Faxage a leading company that provides Internet fax service for individuals and businesses.
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