Small Business Tech Tips

While technology is nowadays advancing at a rapid pace, not many businesses are maximizing the use of these technologies. Namely, many businesses start with a great potential for success, but along the way, things just start crumbling as a result of the business depending on obsolete technology.

For this article, the purpose is to show you some ways to capitalize on technology for the success of your small business.


Automation

In addition to saving time and money, automation will make it easy for you to manage your backline. Automation normally varies depending on the systems you’re using. A restaurant, for instance, can reap great benefits by employing CMMS technology, which allows them to manage most of their backlog process with a single click. Overall, making use of technology to automate business processes is an essential factor in saving resources, which include time, money, and energy.


Store Data in the Cloud

Every serious entrepreneur strives to minimize the business-running costs. In that light, you can save IT costs by utilizing cloud storage as opposed to a physical server.

Cloud storage is especially ideal for a small business, and it allows you to easily monitor your spending since you’re normally charged for just the space you use. What’s more, this kind of data storage doesn’t require you to hire a whole team of IT experts.

It is worth noting that as your business grows, you may be required to spend more for an increased storage space.


Embrace Online Selling

One of the best ways to increase sales in today’s competitive business environment is to give your customers the option to buy your products or services online. In fact, the current technological trends show that online shops are increasingly growing, with no signs of slowing down.

Moreover, it is quite easy to set up an online store for your venture. With an online store, your business will have a wider reach as your products or service will be available to people who couldn’t have had that kind of access before. Therefore, selling online is a brilliant way to not only grow your business, but also to bring convenience to your customers.


Social Media Presence

Many business owners ignore social networking oblivious of the fact that it can substantially increase their business profits and web traffic within a short period of time. In fact, one of the best ways to quickly get recognized in your target market is to establish social media presence on major platforms like Twitter and Facebook.

This is also a great way to engage your customers. Nonetheless, it is imperative that you learn how to do things right when it comes to managing your social media networks. It is not advisable to just spam information about your business. This can be very boring and counter-productive in the long run. Strive to post high quality, valuable, and relevant content, in addition to having real conversations with your social media audience.

If you utilize these technologies and several others to their full potential, you will be headed to the right direction in regard to business success. You can also take up some business development training at WEDC to help you take your small business to the next level.

Tips for Entrepreneurial Women

Women entrepreneurs have become a force to reckon with in the modern world of business. Today, many premier companies around the world are led by female entrepreneurs. These business leaders have inspired many women to start their own businesses. If you are considering starting a new business, you should heed these tips as they’ll help you chart the best path to business success:


Identify Your Passion

You should realize that you will be spending a lot of time working in and on your venture. Therefore, it is advisable to choose a field that you don’t only like, but are also passionate about. Passion brings about enthusiasm in whatever you’re doing. This translates to your customers, stimulating their passion about your product or service.


Create a Solid Foundation

Don’t make the mistake of quitting your day job before you’re sure that the foundation is stable in terms of start-up capital and a comprehensive business and marketing strategy. It may be tempting to fully commit yourself to your new endeavour, but it is imperative that you sort out your financial requirements and any other essential obligations first. You can choose to work part time in the transition to becoming your own boss as opposed to leaving your job.


Have a Business Plan

Many aspiring entrepreneurs consider drawing their first business plan as an overwhelming task. Nonetheless, setting up a new business without a well-laid plan is akin to sailing without a compass. When it comes to preparing a business plan, you need to intensively research your field, set your goals, and spell out how you will manage the necessary finances. A good business plan should have the following:

Market analysis

Business outline

Business description

Business operational method

 

Capitalize on Technology

You don’t want to be distracted by an incoming message when you are working on a critical project or when you are having a good time with your family. Therefore, you should consider letting technology work for you by allowing your voicemail to answer phone calls, as well as employing auto responders.Likewise, emailscan wait until a convenient time.


Never give up

All businesses have to go through periods of turbulence. Even the established businesses go through ups and downs. As such, you need to stay focused and let mistakes be your lessons. That’s how success is achieved in business.

In fact, there is nothing wrong with undertaking a few safe-to-fail experiments provided you acquire some valuable knowledge out of it.  There are two integral elements behind any successful business:

Determination

Going the extra mile

In addition, you should always keep the end goal in mind.


Conclusion

Women are, without a doubt, proving their mettle in regard to starting their own businesses. And as they continue to expand their business empires, they reflect back on their accomplishments. This makes it easy for them to counsel other aspiring women entrepreneurs.  This is what organizations such as WEDC do best. They offer personalized advice to help women start and grow their businesses to success.

Building Trust in a Moving Company Business

Have you ever thought of purchasing a product without trusting the brand, the manufacturer, or the supplier?

There’s a higher chance that the answer is NO. This is because if you don’t trust something you can’t buy something, and it’s a demonstration of how trust affects businesses.

Whether you’re just starting your business or have extensive experience in dealing with customers, you should always remember that you have to build credibility in a bid to make your business successful. When it comes to building trust in business, there are several things that you must get right. In that light, here are five tips to help you build trust in your business:


Build Mutually Beneficial Relationships with quality movers

Everyone, be it a customer, employee, or business partner, wants to believe that they’re making a wise decision to work with you. Customers need to have a clear understanding of how your products or services will benefit them. Similarly, employees need to feel as if they own the business. Besides promoting accountability, this feeling also shows how much you trust your employees.

Namely, trust is about letting people know that you have their best interests at heart. They’ll care about and trust you in return. For example, one company you can trust is Firehouse movers, a Frisco Moving Company, based in Texas. They can safely and efficiently move homes or businesses, whether its a few boxes or a dozen boxes or a complete office move.


Uphold Respect

You should keep in mind that everyone possesses the sovereign right to reason, act, and conduct themselves the way they please. As such, you need to be respectful of others and strive to keep the interactions clean. Manipulative and obnoxious behaviour is not the right way to build trust in business – it drives people way.


Practice Patience and Flexibility

You should learn to tolerate mistakes and avoid being an unyielding judge. Always try to find the middle ground in case of a disagreement with another party. Be considerate of situations that may have led to mistrust. Ignore the set rules where common sense dictates. Adopt unusual solutions for problems that cannot be solved by usual techniques.

It is worth noting that trust takes time to build, especially when dealing with a person who has never experienced trust in his relations.


Be Truthful and Authentic

Everything you do or say, it is imperative that you uphold truth and authenticity. If your customers, employees, or business partners suspect that you’re not authentic, you’ll make a negative impression. In fact, never make the mistake of underrating most individual’s intuitive nature, particularly women.


Deliver The Unexpected

Surprising and delighting customers is one of the most effective ways to build trust. Deliver what your customers asked for, but add a little more. This can be:

Extra time

Extra service

Extra convenience

Surpassing your customers’ expectations goes a long way and promotes value and trust. In fact, customers will talk positively about you, netting you more business.


Conclusion

Trust is among the keystones of building a successful business. In fact, without trust, there’s no credibility. A business with no credibility cannot attract customers. In addition to the above trust-building tips, you can also contact WEDC, as they can teach you how to run your business successfully.

Challenges Facing Female Entrepreneurs

While all entrepreneurs face certain challenges in their daily business life, women normally have more challenges and hurdles compared to their male counterparts. Business women who are raising children experience even higher demands on resources, which include time, money, and energy.

Nonetheless, it should not be taken that women are less successful than men in the entrepreneurial world. In fact, according to statistics, women are starting businesses at twice the rate of men.  In light of their burgeoning success rate, women entrepreneurs are resourceful and have a potential to succeed, the odds notwithstanding.

Here are some of the most common challenges that entrepreneurial women are exposed to, which undermine their quest for business success.

It is worth noting that these are generalizations and hence not a reflection of all women entrepreneurs.


Letting Fear Guide Their Decision Making

Generally, women are less likely to take risks and normally let their own fears stand in their way of pursuing their entrepreneurial goals. Such fears include:

The fear of success

The fear of failure

The fear of being oneself

To deal with such fears, you need to have confidence in every project you undertake. You can achieve this by ensuring that you are prepared in the best possible way before embarking on your business endeavour. Likewise, you should have faith in what you’re bringing to the table, in addition to valuing your time and capabilities.


Difficulties To Raise Funds

Entrepreneurial women typically struggle to raise the necessary start-up capital as well as the on-going funds to help in growing their venture. Getting venture capital especially has been challenging for female entrepreneurs.

Fortunately, there are a growing number of alternative sources of capital for entrepreneurs looking for smaller loan amounts. For instance, you can apply for SBA-guaranteed microloans. This is a program that focuses on helping early-stage enterprises and borrowers with limited credit history, as well as minority and women entrepreneurs who do not qualify for bigger loans.


Limited Access to Industry Connections and Networks

Networks deliver highly significant information for entrepreneurs. They help entrepreneurs understand the industry better and develop key connections for business growth. It can be challenging for female entrepreneurs to find the necessary business connections in the initial stages of their business as well as later on when they’re seeking counsel for business development. For budding entrepreneurs, in particular, networks are the best platform to master how the industry works.  They’re also an excellent source of connections for new businesses.


Wearing Too Many Hats

Naturally, women tend to try to be everything. Namely, they wear so many different huts that managing everything becomes quite challenging. Thus, when women add entrepreneurship into the equation, this trend is overblown. This tendency is attributed to the fact that women normally feel they’re the best person to handle every task and find it difficult to delegate tasks to others.

As a result, they end up spending more time working in their business as opposed to working on their business. In order to make success out of your business you need to strive to overcome this challenge.


Final Thoughts

Entrepreneurship was once a reserve for men. However, the tide is rapidly shifting with more women becoming entrepreneurs. In fact, in the United States alone, women own over 9 million companies, which create about 8 million jobs and generate close to 1.5 trillion U.S. Dollars in sales. This is according to 2015 statistics released by the National Association of Women Business Owners.

Be that as it may, women normally have more challenges compared to their male counterparts. Fortunately, this challenges can be overcoming by learning to do things right. This is where organizations such as WEDC come in. They offer business trainings and services that are geared towards helping women entrepreneurs realize their business goals with minimal hurdles