The business world has changed over the past few decades, especially for us small business owners. Thousands of small businesses have closed their doors in recent years due to a slowed economy, being out classed competitively or failing to take advantage of technological innovations. With the internal and external pressures that many of us small business owners face to keep our businesses solvent on a daily basis, a lot of us are always looking for ways to reduce our business overhead.
Today, one of the most effective ways to accomplish this is by utilizing the array of new technology and concepts being developed. Moreover, cloud technology has become a leading solution for many small business owners regarding the reduction of overhead costs. In general, the cloud is a host of remote services such as software, hardware, data and applications that can be delivered through a public or private network such as the internet.
For small business owners, the cloud provides an excellent opportunity to move core business resources to a remote network, which can save a significant amount of money for many businesses With all relevant software and data stored on a central network a business owner would no longer need to worry about updates, upgrades or loosing data from a faulty hard drive.
By taking advantage of the many software as a service (SaaS) solutions available, business software such as project management applications, accounting software, customer relations management programs, and various other tools that would otherwise cost a significant amount of money to purchase can all be hosted and maintained remotely and your access to it, in most cases, would be subscription based with predictable monthly pricing, requiring significantly less money to operate than purchasing the entire software package.
Other technologies businesses can leverage online to cut costs include services such as business collaboration software, conference call services, and a host of productivity apps. In addition, the ability to accept credit cards online and through mobile devices at expos and trade shows is fast becoming another valuable cloud-based tool that many small business owners are taking advantage of.
By choosing to combine some or all of these innovations you can create a true “work from anywhere” culture in any small business, providing more flexibility and less overhead costs associated with maintaining an office space.
Small business owners today have been impacted greatly by many changes in the economy and the business world. Some of these changes have caused numerous problems while others have provided small business owners with many new ways to significantly cut their business expenses.