Thursday 3 March 2016

Improving Small Business Profitability with Technology

Technology has improved not only people’s lives but how businesses are conducted as well. While some new entrepreneurs think that going all out with technology is all they need to rise to the top, it is not always the case. For some business owners, less can be more. 

Here are ways technology can help increase business profitability: 

Communications
 
Communication is vital for any type of business. Cellphones, group chats, emails, and VOIPs help employees communicate with clients and co-workers. These days, for example, there’s no need for everyone to be in the same room to work together. Team members can work virtually through online conferences and calls. 


Image source: techcing.com
Social media and other networking sites are also great for spreading the word in a much bigger audience. These play a big role in boosting a company’s marketing and advertising strategies. 

Easier file transfer, document creation, and data storage
 
Technology makes file transfer and data storage easier. While the world is still looking at becoming a paperless society in a few more years, employees can find and store files easier by using cloud storage or devices such as flash drives and external hard drives. They can also send in important files as e-mail attachments. 

Image source: boundless.com
Applications like Office 365 and Google Drive allow co-workers to work simultaneously on a project even if they are miles away. They can view, input, and edit information through shared documents. 

CITOC Inc. is a Houston-based IT solutions company. Visit this website for more about its services.

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