Source: Deloitte Access Economics (2017)
If you are “Basic” or “Intermediate”, it’s time to put some serious thought into technology investments for your small business. On average, digitally advanced small businesses earns twice as much revenue per employee and experience revenue growth that is four times higher.
Here are some ways to use technology for your business in 2019.
Improve your team management
Use a tool such as Monday.com to simplify the way you work with your team. The tool lets you manage workload, track projects, and communicate with people more efficiently, unblocking back-and-forth processes.
For a free alternative, you can get Process Street, which is available absolutely free for a limited time only (compliments of AppSumo).
Get a free estimate for funds to grow your business.
Fix your inbox
If you have more than zero emails in your inbox, you are not practicing proper email management (that’s right anything more than zero). Inbox Zero is an email management technique that allows you to declutter and keep you organised so you avoid wasting time unnecessarily (think of the number of times you keep opening the same read email). Consider using the Gmail app on your phone. They have a nifty feature that allows you to “swipe” your emails to quickly archive them. You can also set certain emails to automatically come back at the appropriate time (eg. to follow up with someone).
Manage your finances on the cloud
If you’re still juggling manual journal entries or financial spreadsheets, you are dealing with unnecessary complexity. Xero is a cloud based accounting service that provides full suite accounting. As a small business owner, you can get started with their entry plan, which is the Xero Early Plan, which comes with invoices and quotes, monthly bills, and bank reconciliations. Larger small businesses can consider the Xero Growing Plan.
Use Slack to avoid slacking off. By far, one of the most important tools for any small business, Slack allows you to collaborate faster and more seamlessly within your team and with external vendors. Their numerous integrations allow you to pull in any other services you use (eg. Dropbox, Xero, etc.) seamlessly.
It’s time to start embracing technology and becoming a digitally-savvy business owner. Consider the above areas as a launching pad to improve your overall productivity and gain back control of your time.